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. Because of the Thanksgiving holiday, I’m reporting on sales activity for the last two weeks.
Closed Sales: 4 (3)
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$0-$349,999: 1 (2)
$350,000-$499,999: 11 (11)
$500,000-$749,999: 27 (29)
$750,000-$999,999: 11 (11)
$1,000,000- $1,499,999: 6 (5)
$1,500,000- $2,999,999: 2 (3)
$3,000,000+ 1 (1)
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Average Price: $800,246 ($806,298)
Median Price: $648,00 ($644,475)
Average Days on Market: 95 (97)
Highest Priced Listing: $3,950,000 ($3,950,000)
Lowest Priced Listing: $349,500 ($349,950)
What a drop in the number of homes for sale over the past month! The inventory of homes for sale in Redmond, by Microsoft, is the lowest it’s been since the middle of May. People have taken their homes off the market during the holidays or feel they can’t get the price they’d like. It’s tough out there, so homes need to be fabulous in price and condition.
It was interesting to see that all the home sales that closed the past two weeks sold fairly quickly. The homes were well priced, showed well or had a unique feature.
Countywide numbers are down both in inventory (a good thing) and sales (not such a good thing). This week there are 13, 461 properties for sale, the lowest amount since April of this year.
Closed sales:
$377,000 Original price was $399,000, sold in 46 days for about 7% below the asking price. This Kennebec town home had 3 bedrooms and 1.5 baths.
*** Located off Lake Sammamish Parkway, it backed to Marymoor Park and shared a neighborhood dock.
$565,000 with original asking price of $580,000 for a two story home with 2200+ sq ft. near Idylwood Park, sold for 3% below the original asking price.
***Home had a 1000+ square foot unfinished basement, a real plus.
$640,000. Two story colonial style home. Asking price of $650,000, down from the original price of $685,000 and selling for about 7% below the original asking price.
*** Remodeled kitchen, upgraded windows, beautifully done.
$795,000 newer style two story which sold for FULL PRICE in 6 days. With 5+ bedrooms, 2970 square feet, and 2.5 baths.
***This home was extremely well priced.
West Redmond Real Estate Buzz
