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 Thursdays from NWMLS information. 

 
Active Listings:  70(73) 

New listings:   4(7)

Pending inspection: 5 ( 8 )

Pending: 5 (2)

Closed Sales: 4 (2)

Sold Contingent:3 (1)

Rented: 0(0) 

Price Reductions:  3 (3)

Price Increases:     0(0)

Expired Listings:2 (1)

Cancelled Listings:3 (4)

Temp Off Market:  0(0)

Back on Market: 0(0)

Rented  0 (0)
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$0-$349,999:             0(0)

$350,000-$499,999:  6(6)

$500,000-$749,999:   39 (42 )

$750,000-$999,999: 14 (13)

 $1,000,000- $1,499,999:  5 (7)

$1,500,000- $2,999,999: 4 (3)

$3,000,000+                     2 (0)
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Average Price:    $900,391  ($869,127)

Median Price: $683,000 ($677,000)

Average Days on Market: 58 (62)

Highest Priced Listing: $3,950,000 ($3,950,000)

Lowest Priced Listing: $379,950($379,950)

This week’s closed sales:

$429,500 Rambler style View Ridge home list price of $450,000, on the market for 74 days sold 5% below asking price. 

$485,000 Meadows single family home, on market for 40 days, asking price of $508,000 sold for 5% below asking price.   ***my listing

$520,000 Bristol rambler with 1670 square feet, original asking price of $534,950, sold in 52 days for 3% below asking price.   ***my listing

$557,000 Hollybrook two story with 2400+ square feet, 4 bedrooms, and a view, originally listed for $564,950, sold in 19 days, sold for 1.5% below asking price.

$776,000 Sheffield Greens two story 4 bedrooms, 2.5 baths, 2640 square feet, original price of $785,000, sold in 36 days, sold almost 3% below asking price.

Although inventory is high, there’s been great sales activity the last couple of weeks as 13 homes have sold.