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)
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$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)
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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.
West Redmond Real Estate Buzz
