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:  72(70) 

New listings:   7(4)

Pending inspection: 5 ( 8 )

Pending: 1 (5)

Closed Sales: 2 (4)

Sold Contingent:0 (3)

Rented: 0(0) 

Price Reductions:  2 (3)

Price Increases:      1 (0)

Expired Listings:0 (2)

Cancelled Listings:3 (3)

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:  8(6)

$500,000-$749,999:   38 (39 )

$750,000-$999,999: 14 (14)

 $1,000,000- $1,499,999:  5 (5)

$1,500,000- $2,999,999: 5 (4)

$3,000,000+                     2 (2)
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Average Price:    $902,962 ($900,391)

Median Price: $676,000 ($683,000)

Average Days on Market: 52 (58)

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

Lowest Priced Listing: $365,000($379,950)

This week’s closed sales:

$567,000 Mid-entry home in Gleneden original list price of $599,900 with a price reduction to $589,950, on the market for 60 days sold 5 % below asking price. 

$650,000 Mid-entry home off Lake Sammamish, on market for 32 days, asking price of $645,000 sold for 5% below asking price.