Weekly real estate statistics are back and so am I! I received a few emails from people asking if I had stopped doing the weekly statistics update or if I “had gone fishing.” I am happy to report I was on vacation on the east coast, visiting my old stomping grounds of Boston and taking a week up in Maine. Maine was interesting as I stayed in a Cape Cod style home (yes, they do exist) built in the 1770’s. Ironic, since many people here think a 30 year old home is old!
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, except this week. The totals in red are for August 21st real estate statistics. All numbers are gathered mid-day on Thursdays from NWMLS information.
Pending inspection:1 ( 4 )
Pending: 2 (1)
Closed Sales:1 (5)
Sold Contingent:0 (0)
Rented: 0(0)
Price Reductions: 6 (7)
Price Increases: 0 (0 )
Expired Listings:0 (1)
Cancelled Listings: 2 (0)
Temp Off Market: 0 (0)
Back on Market: (0)
Rented 0 (0)
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$0-$349,999: 1 (1)
$350,000-$499,999: 11 (12 )
$500,000-$749,999: 37 (39 )
$750,000-$999,999: 16 (14)
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 4 (5)
$3,000,000+ 2 (2)
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Average Price: $861,823 ($869,656)
Median Price: $644,950 ($604,950)
Average Days on Market: 72 (57)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $349,950 ($349,950)
In the Microsoft area, real estate activity focused more on price reductions. Several homes are pending having received offers and one home sale closed. Two 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. Homes are selling, but only the homes aggressively priced and showing well. Other homes languish on the market.
This week’s closed sales:
$480,000 Tri-level near Grasslawn Park with a list price of $499,950 and an original list price of $559,000, on the market for 216 days sold and sold 11% below the original asking price. ***The home needed to become priced more competitively to receive an offer.
West Redmond Real Estate Buzz
