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. Closed Sales: (3)
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$0-$349,999: 2 (2)
$350,000-$499,999: 13 (10 )
$500,000-$749,999: 35 (34)
$750,000-$999,999: 14 (14)
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 5 (5)
$3,000,000+ 2 (2)
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Average Price: $855,174 ($869,466)
Median Price: $647,000 ($647,000)
Average Days on Market: 75 (79)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $339,500 ($349,950)
A quieter week in Redmond, Washington real estate. Listing numbers bumped up a bit from the previous week.
This week’s closed sales:
$443,700 Sammamish Forest Manors town home which was priced at $435,000. ***Beautifully remodeled, it sold in one day. The price was increased by 2% because the seller paid the buyer’s closing costs and added it to the asking price.
$569,000 Sheffield Greens rambler. Original list price of $619,900, final asking price of $588,888. Sold for 9 % below the original asking price. ***Rare rambler in an upscale neighborhood of homes built by Burnstead near Microsoft’s Redwest Campus. This home was sold by my team.
West Redmond Real Estate Buzz
