West Redmond Real Estate Buzz

The area represented by the statistics posted below is Redmond, 98052, south of highway 908.  The neighborhoods are all within shouting distance of Microsoft. In real estate terms, we call this area 530.  The area on Education Hill is called area 550 and is not part of this report. The numbers in parentheses show last week’s totals. All numbers are gathered mid-day on Fridays from NWMLS information. This real estate activity report will be online no later than Sunday each week. 

 
Active Listings:  59(56) 

New listings:   9(3) with one home re-listed.

Sold subject to inspection: 4(2)

Pending:  1(2)

Closed Sales:  2(2)

Sold Contingent: 2(1)

Rented: 0(0) 

Price Reductions:  2(4)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(1)

Temp Off Market:  0(0)

Back on Market: 0(2)
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$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   30(29 )

$750,000-$999,999: 14(11)

 $1,000,000- $1,499,999: 8(9)

$1,500,000- $2,999,999: 3(3)
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Average Price:    $845,925($848,654)

Median Price: $699,000($697,000)

Average Days on Market: 62(65)

Highest Priced Listing: $2,880,000 ($2,880,000)

Lowest Priced Listing: $439,000($435,000)

My analysis of this week’s buzz: 

This week inventory is at the highest it’s been all year with 59 homes for sale in the area.  There are 9 new listings and four homes received offers this week. One home has had the inspection satisfied and is now pending.   This week two homes closed with the ownership changing hands. Closed sale prices ranged from 2.5% ABOVE asking price to 8%  below the original asking price.  Four homes experienced a price reduction, including the home that was the best priced home in the area at the time.  This home, in the Meadows, received an offer this week.  Over the last few weeks, several homes have reduced asking prices, becoming competitive in pricing, and received offers almost immediately. 

Enjoy the sun this weekend!  I imagine many of you will be outside enjoying the best weather yet for this year!

New listings: 

$439,950 Marymoor town home with 1190 sq ft, 1 garage,

$508,000 Meadows single family w/ mt view, remodeled kitchen, and upgraded finishes. 1687 sq ft, 2 bedrooms, 2 baths, private (my listing)

$529,000 Wetherburn rambler with 1600 sq ft, 4 bedrooms, and remodeled kitchen.

$584,950 daylight basement home off 180th Ave NE, 3 bedrooms, 2.5 baths, 2190 sq ft.

$675,000 Ardmore Village two story 2290 sq ft, 4 bedrooms, 2.5 bths, built in 2001.

$677,000 Braeburn Golf Course daylight basement home.

$756,000 Wildwood Glen Tri-level home, total remodel, 2240 sq ft, 3/2.5 baths.

$835,000 Grasslawn Village two story, over 3000 sq. ft, 4 bedrooms, 2.5 baths.

$875,000 Charlson Place two story with basement, 3260 sq ft, built in 1999.

Homes receiving offers this week:

$425,000 Meadows town home 1770 sq ft, 3 bedrooms, 2.5 baths.

$598,000 Grasslawn two story 2460 sq ft, 4 bedrooms, 2.5 baths, built in 1982.

$635,000 Tam O’Shanter mid-entry home 2470 sq ft, 4 bedroom, 2.5 bath.

$749,000 two story overlooking Marymoor 5 bedrooms, 2.5 baths, view, built in 1996.

Pending sales this week: 

(inspection has been satisfied)

$545,000 Spiritbrook Tri-level, 2080 sq ft, 3 bedrooms, 2.5 baths and remodeled kitchen

Contingent sales: 

(home has received an offer, but buyer has to sell current home to make the sale)

$599,900  Gleneden two story home with 2900+ sq ft, 4 bedrooms, 2.5 baths.

$1,499,000 Chaffey built new construction 3310 sq ft, 4 bedrooms, 3.5 baths.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

$599,000 rambler with 1800 sq ft 3 bedrooms and 1.75 baths.

Temporarily off the market:

None this week.

Price reductions:

  $620,000 down from $646,000  Gleneden two story with 2610 sq ft, 4 bedrooms, 2.5 baths.

  $650,000 down from $675,000 Spiritbrook two story 3240 sq ft, 4 bedrooms, 2.5 baths.

Closed sales:

(Homes in which the new owner has moved in!)

$460,000 town home in The Meadows.  Original asking price of $450,000.  Sold for 2.5% above asking price.

$564,000 down from $588,000.  Sold in 160 days for almost   * % below original asking price.

Back on the market:

None this week.