If you are looking for real estate statistics in Redmond, here’s two weeks in one.  Last Friday turned out to be a really busy day for real estate, so there was no time to do a weekly update.  Not to mention that the disk on my computer also was corrupted, so I decided to report on the weekly sales for the past two weeks in one report.

View Larger MapIn real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center 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.

The area represented by the statistics posted below is Redmond, 98052, south of highway 908 and east of 140th Ave NE. The neighborhoods are all within shouting distance of Microsoft.  In real estate terms, we call this area 530. The area of Redmond called Education Hill is north of Redmond Town Center 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.

West Redmond Real Estate Buzz Through June, 11th, 2009

Number of homes for sale: 84 (83)

New listings: 5 (6)

$0-$349,999: 2 (3)

$350,000-$499,999:  29 (28)

$500,000-$749,999: 31 (31)

$750,000-$999,999: 11 ( 11 )

$1,000,000- $1,499,999: 6 (6)

$1,500,000- $2,999,999: 4 (3)

$3,000,000+ 1 (0)
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Average Asking Price of Homes for Sale: $723,220 (691,275)

Median Asking Price of Homes for Sale:  $588,850 ($579,000)

Average Days on Market: 84 (81)

Highest Priced Listing: $3,400,000 ($2,249,000)

Lowest Priced Listing: $315,000 ($299,900)

New listings: from the low 400′s up to $3.4 million, 3 of the new listings are under $600.000.  Two of the new listings are over $1.5 million.

Price reductions: 7  price reductions each of the last 3 weeks, mostly for homes priced under $700,000.

Closed Sales Of The Week

$370,950  Town home in the Meadows, a planned unit development with 1630 square feet, 2 bedrooms, 2.5 baths, and a loft room.  Original list price of $389.950, last sales price of $369,950. Sold in 43 days for 6% below the original asking price.

****Great location just down the road from Microsoft.  Sited on a cul-de-sac and backing to a greenbelt, the Meadows has a path to Marymoor, a club house, and a pool.  This price range is considered an affordable price range for the area.

$504,000  Mid-entry home in Spirtibrook (my listing) with 2800+ square feet, 4 bedrooms, 3 baths.  Original list price of $539,500, last asking price of $517,777, sold in 43 days for 7% below the original asking price.

****This home was down the street from Ben Rush Elementary School, backed to Spiritbrook Park, and had extensive updating with a new kitchen, windows, and hardwood floors.

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West Redmond Real Estate Buzz Through June, 18th, 2009

Number of homes for sale: 89 (84)

New listings: 7 (5)

$0-$349,999: 2 (2)

$350,000-$499,999:  28 (29)

$500,000-$749,999: 36 (31)

$750,000-$999,999: 11 ( 11 )

$1,000,000- $1,499,999: 7 (6)

$1,500,000- $2,999,999: 4 (4)

$3,000,000+ 1 (0)
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Average Asking Price of Homes for Sale: $722,891 ($723,220)

Median Asking Price of Homes for Sale:  $599,000 ($588,850)

Average Days on Market: 84 (84)

Highest Priced Listing: $3,400,000 ($2,249,000)

Lowest Priced Listing: $299,995 ($315,000)

New listings: This may be the most number of homes on the market in Redmond, near Microsoft, since I started writing this post back a few years ago!  More homes are clearly coming on the market each week.

Price reductions: This week also represents the highest number of price reductions, with 10 reductions in the asking price for homes.  There were 7  price reductions each of the last 3 weeks, mostly for homes priced under $700,000.

Still there is a steady turnover with homes selling each week in the Redmond area near Microsoft.  It’s always going to be a popular location because of the neighborhood’s proximity to employment centers, easy commute, schools, parks and shopping.

Closed Sales Of The Week

$675,000  Marymoor Hill two story built by Burnstead in 1994 with 3190 square feet, 4 bedrooms, 2.75 baths. Original list price of $950,000, final asking price of $750,000, sold in 381 days for 29% below the original asking price.

****Marymoor Hill is a highly desirable neighborhood filled with wonderful homes.  This home probably was caught in a downward spiral of pricing, chasing the market down until it was a fabulous deal.

Have a great weekend.  (Hey, where did the sun go?)