The first day of school is on September 2nd, 2008. Check the Lake Washington Schools website to find out the time each school starts.
Are your kids heading to Ben Rush Elementary?
Meet and Greet the Teacher at Ben Rush Elementary
August 28th from 2-3 PM
Where was the first traffic light in the City of Redmond? Where was that busy intersection? When was the first traffic light needed in Redmond?
The corner of Leary Way and Redmond Way got the first stop light in downtown Redmond in 1966. The map shows the downtown core which contains many of the historical buildings and shows this all important intersection. Hmm…I think a lot has changed since then. Could be that Microsoft factor.
The corner took on a new identity when the stop light was put in. The crossing was called “Walk and Don’t Walk” after the light was installed.
This was the busiest intersection in 1966. What do you think is Redmond, Washington’s busiest intersection today?
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.
Pending inspection: 4 ( 0 )
Pending: 1 (3)
Closed Sales: 5 (4)
Sold Contingent:0 (0)
Rented: 0(0)
Price Reductions: 7 (4)
Price Increases: 0 (0 )
Expired Listings:1 (3)
Cancelled Listings: 0 (2)
Temp Off Market: 0(0)
Back on Market: 0(0)
Rented 0 (0)
———————————
$0-$349,999: 1 (0)
$350,000-$499,999: 12 (10 )
$500,000-$749,999: 39 (39 )
$750,000-$999,999: 14 (15)
$1,000,000- $1,499,999: 7 (4)
$1,500,000- $2,999,999: 5 (5)
$3,000,000+ 2 (2)
———————————–
Average Price: $869,656 ($871,432)
Median Price: $604,975 ($619,950)
Average Days on Market: 57 (58)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $349,950 ($364,950)
A busy week in the Microsoft area for real estate. Eight new listings are on the market this week, bringing the total of available homes back up to one of the higher numbers we’ve seen this year. However, there was a lot of other activity with homes receiving offers, going pending, price reductions, and home sales closing. There was a brisk amount of activity as things were happening in real estate around Microsoft.
This week’s closed sales:
$498,600 Tri-level in Gleneden with a list price of $498,888 on the market for 4 days sold $288 under full price. ***The seller did everything right. This was a well priced home with significant updating, granite, stainless steel, fresh paint and carpet.
$560,000 Gleneden two story with an asking price of $599,000 was on the market for 72 days, and sold for almost 7% below the original asking price. ***A lot of square footage in this two story for the money with its 4 bedrooms, plus bonus room.
$645,000 Ardmore Village was originally listed at $665,000, sold in 46 days for almost 3.5% below the asking price. ***Came on the market at less than what other homes in the neighborhood started selling for earlier in the year.
$610,000 Another Gleneden (is everybody moving in the neighborhood this year?) daylight rambler on the market for 363 days with an original list price of $699,900. ***A unique home with 7 bedrooms and 5 baths, it appealed to a specific market, someone needing the large number of bedrooms and baths.
$812,000 Grasslawn Park area 3 year old home, bank repo, priced at $835,000, sold in 30 days.***Aggressive pricing sold this home.
Hankering to hear Sheryl Crow or Willie Nelson or The Backstreet Boys? Would you like to hear them for free? Kill three birds with one stone: Hear world class music, help recycle, and volunteer all at the same time. King County wants you to help recycle at the Concerts at Marymoor Park.
Contact Marymoor Park at 206-205-3661 or email marymoorpark@kingcounty.gov.
You must be 18 years of age and you can even submit your requests to work at specific concerts. For more concert information and tickets, click on the concert website.
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: 75 (81)
Pending inspection: 0 ( 1 )
Pending: 3 (3)
Closed Sales: 4 (1)
Sold Contingent:0 (0)
Rented: 0(0)
Price Reductions: 4 (2)
Price Increases: 0 (0 )
Expired Listings:3 (2)
Cancelled Listings: 2 (0)
Temp Off Market: 0(0)
Back on Market: 0(0)
Rented 0 (0)
———————————
$0-$349,999: 0 (0)
$350,000-$499,999: 10 (11 )
$500,000-$749,999: 39 (41 )
$750,000-$999,999: 15 (16)
$1,000,000- $1,499,999: 4 (5)
$1,500,000- $2,999,999: 5 (6)
$3,000,000+ 2 (2)
———————————–
Average Price: $871,432 ($878,797)
Median Price: $619,950 ($668,250)
Average Days on Market: 58 (56)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $364,950 ($364,950)
This week’s closed sales:
$520,000 Rambler style home in Little Tree with a list price of $534,995 with an original price of $549,995 on the market for 45 days sold 6% under full price. This home is 2000 square feet with 3 bedrooms and 2.25 baths.
***This is a lot of square footage in a rambler style home for the money. Great price per square foot.
$722,760 Sheffield Greens two story with an asking price of $758,500 was on the market for 45 days, and sold for about 5% below the original asking price. The home was a 3 bedroom with 2.5 baths. ***A popular Burnstead resale neighborhood of established homes located just across the street from Microsoft’s Redwest campus.
$739,950 Evergreen Lane new construction off of 148th near Grasslawn was originally listed at $752,950, sold in 60 days for almost 2% below the asking price. Two story home with over 3000 square feet, 4 bedrooms, and 2.5 baths. ***New construction with a bit of a discount off full price.
$1,010,000 Parkside at Wilshire new construction home was on the market for 540 days with an original list price of $1,189,800. Two story home with 3700+ square feet and 4 bedrooms, 4.25 baths. ***New construction with a long listing time because the property was listed when it was still an empty lot. The builder gave up about 9% in the price of the home.
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Inventory in the area dropped to 75 homes from the high of 81 homes. The number of homes for sale in the area is almost double what was for sale in the spring.
Homes in this market will sell when they are an attractive home and a value in the marketplace. There is a continous turn-over of homes for sale in the area around Microsoft.
Redmond Garage Sale
When: Sunday, August 17th from 9:30 to 4:00pm
Where: 10837 157th Ave NE Redmond, WA 98052
Books, CDs, DVDs
electronics
women’s clothing
new kids’ clothing
jewelry
arts and crafts
toys/stuffed animals
decorative items–photo frames, candles, etc.
Kitchenware
We have a little bit of everything! Look for the bright yellow house on the corner!
Gas prices and 
traffic in Redmond, Washington near Microsoft got you down? Hop on a Segway and beat the local traffic! Microsoft has one of the best private bus systems in the country, The Connector Shuttle Service, but if you truly want to hop on a your own machine and go, this is it!
As I was driving back to the office today, I saw this man circling the main Microsoft campus at the corner of NE 40th and 156th in Redmond. It was smooth sailing ahead for this guy.
Hmm.. wonder if I could show homes from a Segway…
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: 81 (76)
Pending inspection: 1 ( 2 )
Pending: 3 (5)
Closed Sales: 1 (2)
Sold Contingent:0 (0)
Rented: 0(0)
Price Reductions: 2 (6)
Price Increases: 0 (0 )
Expired Listings:2 (0)
Cancelled Listings: 0 (1)
Temp Off Market: 0(0)
Back on Market: 0(0)
Rented 0 (0)
———————————
$0-$349,999: 0 (0)
$350,000-$499,999: 11 ( 9 )
$500,000-$749,999: 41 (39 )
$750,000-$999,999: 16 (17)
$1,000,000- $1,499,999: 5 (4)
$1,500,000- $2,999,999: 6 (5)
$3,000,000+ 2 (2)
———————————–
Average Price: $878,797 ($887,266)
Median Price: $668,250 ($672,450)
Average Days on Market: 56 (56)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $364,950 ($379,000)
This week’s closed sale:
$589,950 Rambler style home in Cameret/Little Tree with a list price of $599,950, on the market for 12 days sold 2% under full price. This home is 2500 square feet with 5 bedrooms and 2.5 baths.
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Inventory in the area just went to more than 81 homes. The largest concentration of available homes falls in the $500-750,000 price range, as it includes almost half of the homes currently for sale. The inventory is almost double what was available in April.
I see home sales every week (I’ve been involved in four multiple offer situations in the last 7 weeks!) and believe buyers are out looking for homes. But as I say each week, the best priced home in the best condition wins the buyer. Homes in this market will sell if they are an attractive home and a value.
The “New” Grasslawn Park in Redmond is celebrating with an Open House on August 7th from 10:00-11:30 on Thursday, August 7th. Grasslawn Park is located at 7031 148th Ave NE in Redmond, Washington. Redmond Mayor Marchione will cut the ribbon at 11 AM tomorrow.
Come enjoy the eco-friendly new features of the park. It’s pretty special! It’s the perfect marriage of sustainable design in a people friendly way. The roof of the new maintenance building is planted to help assist with water run-off more efficiently.
The all-season picnic structure is also eco-friendly.This building is available to rent!
The window walls throw open to the outside creating a wonderful space. There’s also a beautiful water feature located right by the outdoor patio.
For more information about the park and the open house, you can check the press release from the city of Redmond.
If you work at Microsoft’s Redwest campus, this is a great place to take a break from work. The park is just down the street. With its new basket ball courts.climbing rocks, picnic tables, and more, an already great park has become even better.
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: 76(72)
New listings: 4 (7)
Pending inspection: 2 ( 5 )
Pending: 5 (1)
Closed Sales: 2 (2)
Sold Contingent:0 (0)
Rented: 0(0)
Price Reductions: 6 (2)
Price Increases: 0 (1)
Expired Listings:0 (0)
Cancelled Listings:1 (3)
Temp Off Market: 0(0)
Back on Market: 0(0)
Rented 0 (0)
———————————
$0-$349,999: 0 (0)
$350,000-$499,999: 9 ( 8 )
$500,000-$749,999: 39 (38 )
$750,000-$999,999: 17 (14)
$1,000,000- $1,499,999: 4 (5)
$1,500,000- $2,999,999: 5 (5)
$3,000,000+ 2 (2)
———————————–
Average Price: $887,266 ($902,962)
Median Price: $672,450 ($676,000)
Average Days on Market: 56 (52)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $379,950 ($365,000)
This week’s closed sales:
$559,950 Tri-level home in Spiritbrook original list price of $559,950, on the market for 2 days sold for full price. ***My listing
$560,000 Daylight rambler home in Braemoor, on market for 29 days, asking price of $560,000 sold for full price.
Two closed sales, two full price offers. Both homes stood out from the competition, were aggressively priced, and sold for full price. Buyers will recognize value when they see it.
Inventory is up again, but 2 homes received offers and 5 homes are now pending, having moved past the building inspection. Competition remains strong, but there are sales happening each week.
West Redmond Real Estate Buzz
Eastside Real Estate Buzz Kirkland Highlands Real Estate Buzz
