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)
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$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.