Debra Sinick

Weekly Real Estate Buzz in West Redmond through July 10th, 2008

In For Buyers, For Sellers, Local information, Market Statistics, Real Estate news, Redmond, Weekly real estate updates on July 10, 2008 at 10:31 pm

The numbers are Thursday’s totals.  Oh by the way, I took last week off because of July 4th, so this is a compilation of two weeks worth of data.

 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:  73(68) 

New listings:   7(7)

Pending inspection: 8 (4)

Pending: 2 (5)

Closed Sales: 2 (4)

Sold Contingent: 1(3)

Rented: 0(0) 

Price Reductions:  3 (4)

Price Increases:     0(0)

Expired Listings: 1 (2)

Cancelled Listings:4 (1)

Temp Off Market:  0(0)

Back on Market: 0(0)

Rented  0 (0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  6(6)

$500,000-$749,999:   42 (36 )

$750,000-$999,999: 13(14)

 $1,000,000- $1,499,999:  7 (8)

$1,500,000- $2,999,999: 3(4)

$3,000,000+                     2 (0)
———————————–
Average Price:    $869,127  ($852,514)

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

Average Days on Market: 62(62)

Highest Priced Listing: $3,950,000 ($3,080,000)

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

This week’s closed sales:

$639,000  Spiritbrook two story,  list price of $650,000, original list price of $728,000 on the market for 188 days sold 13% below asking price. 

$700,000  Sheffield Greens two story home  original list price of $738,000 on market for 176 days.  sold 5.1% below asking price.

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