The computer’s fixed, everything is re-installed and now I’m back at reporting the weekly real estate statistics! Closed Sales: 2 (2)
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$0-$349,999: 1 (2)
$350,000-$499,999: 16 (13 )
$500,000-$749,999: 38 (35)
$750,000-$999,999: 13 (14)
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 4 (5)
$3,000,000+ 1 (2)
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Average Price: $794,386 ($855,174)
Median Price: $639,975 ($647,000)
Average Days on Market: 75 (79)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $339,500 ($339,500)
The number of homes for sale near Microsoft has increased, but the biggest change this week was in the number of homes with reduced prices. Many weeks we’ll see price reductions ranging from 4-8 homes, but this week 12 homes reduced the asking price, fully 15% of the marketplace.
Closed sales of the week:
$790,000 Evergreen Lane CamWest new construction with 4 bedrooms, 2.5 baths and 3115 square feet. It was priced at $829,950, selling for 5% below the original asking price. *** Builders are far more flexible with pricing these days.
$2,000,000 Lake Sammamish waterfront with a boat house. Built in 1991, the home was priced at $2,400,000 and sold in 298 days for 17% below the original asking price.
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WEEKLY REAL ESTATE BUZZ FOR WEST REDMOND, NEAR MICROSOFT, THROUGH OCTOBER 30th, 2008
Closed Sales: 2 (2)
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$0-$349,999: 1 (1)
$350,000-$499,999: 16 (16)
$500,000-$749,999: 38 (38)
$750,000-$999,999: 13 (13)
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 4 (4)
$3,000,000+ 1 (1)
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Average Price: $795,739 ($794,386)
Median Price: $647,000 ($639,975)
Average Days on Market: 84 (75)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $339,500 ($339,500)
The number of homes for sale near Microsoft remained the same, with a couple of new listings and a couple of sales happening. There were 6 price reductions, half the number from last week. Six homes experiencing price reductions is fairly typical.
Closed sales:
$355,000 for a Sammamish Forest Manors town home with 2 bedrooms, 2 baths and 1300 square feet on one level. It’s original asking price was $379,950 and it sold in 118 days for 7% below the asking price.***One level town homes are very popular.
$760,000 a newer two story home, a bank repo, originally priced at $899,900, reduced to $800,000, selling for 16% below the original asking price in 199 days. The home was built in 2007 and is 3689 square feet with 4 bedrooms and 2.75 baths. *** This home was a great value for the price.
West Redmond Real Estate Buzz
