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) 

New listings:  0 (5)

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)
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$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)
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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.