The first day of school is coming soon to Redmond. On September 1st, the school kids will be heading back to school so be careful out there and watch for school kids crossing the streets.
In our neck of the woods, Ben Rush Elementary will start the school day at 8:45 AM. Meet and Greet the Teacher is from 2-3 PM on August 27th.
Redmond's Ben Rush Elementary
Audubon will start a little earlier at 8:25 AM.
Redmond's Audubon Elementary
The telltale signs of fall spotted over on Willows Rd. in Redmond in mid-August, quite a change from the 100 degree weather from only a couple of weeks ago.
What was the hot price range of the week in East Bellevue (east of 405) and West Redmond?
This past week there were 285 homes for sale and 13 home sellers accepted offers.
East Bellevue and West Redmond, 8-12-09
This chart is updated weekly by (Windermere Real Estate/East, Inc.,using MLS data to show the price ranges of the homes sold each week.
Here’s how it’s set up:
The colors show who has the advantage in a particular price range.
Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.
Across the top, the chart is broken down into real estate activity by the week.
If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks. There are three columns under each week. On the left side of the column is the number of homes for sale in East Bellevue and Redmond, near Microsoft. The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale. In other words, if no other homes came up for sale, it would take 2.7 months to sell all of the homes in the $400-499,999 price range.
The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.
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 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.
Number of homes for sale: 72 (68)
New listings: 6 (1)
Sold Contingent: 0 (0 )
Pending inspection:2 (2)
Pending: 3 (4)
Closed Sales: 2 (6)
Rented: 0 (0)
Price Reductions: 2 (4)
Price Increases:1 (0)
Expired Listings: 0 (5)
Canceled Listings: 3 (2)
Temp Off Market: 0 (0)
Back on Market: 1 (0)
Re-listed: 3 ( 3)
———————————
$0-$349,999: 1 (1)
$350,000-$499,999: 21 (17)
$500,000-$749,999: 32 (34)
$750,000-$999,999: 9 ( 8 )
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 1 (0)
$3,000,000+ 1 (1)
———————————–
Average Asking Price of Homes for Sale: $705,682 ($701,928)
Median Asking Price of Homes for Sale: $599,325 ($609,475)
Average Days on Market: 101 (104)
Highest Priced Listing: $3,400,000 ($3,400,000)
Lowest Priced Listing: $299,950 ($299,950)
New listings: Six homes came up for sale this past week.
Price reductions: Price reductions are still happening, but not at such a fast pace.
Home sales: Two homes received an offer and are working through the inspection process. Three homes had the inspections satisfied and are now pending. Homes with the offers ranged in price from the high 400′s to $750,000.
The home with the increase in pricing is new construction and has not been built yet.
Closed Sales Of The Week:
$450,000 Wildtree rambler home with 4 bedrooms, 2 baths, 1700+ sq ft, with an original list price of $499,900, last asking price of $459,900, sold in 101 days for 10% below the asking price.
**** Nicely maintained rambler home with views of the golf course.
$501,000 Emerald Ridge two story near Microsoft with an original asking price of $550,000, final asking price of $510,000, sold in 130 days for 9% below the original asking price. The home had three bedrooms, 2.5 baths, and 2200 square feet.
****Rare newer style two story with a view near Microsoft.
East Bellevue and West Redmond July 2009
Sellers had a 27% chance of getting a home sold in West Redmond and East Bellevue, both neighborhoods near Microsoft, in July, 2009.
(If you check the link above, it shows the 5 year trend in real estate. The numbers for the Trendgraphix chart may vary slightly from the MLS statistics posted in the above link, but the variation is slight. The overall trend in the market is the same. )
June, 2009 291 homes for sale 68(now 62) homes sold 23( now 21)% chance of selling.*
July, 2008 354 homes for sale, 54 homes sold, 17% chance of selling.
*Adjusted sales numbers reflect sales that failed and did not close.
Twenty-seven out of 100 homes received and accepted offers in July. The numbers for June had shown 68 homes had sold, but only 62 of these sales stayed together. Trendgraphixs adjusts their sales numbers to reflect the actual number of sales that close. The reality is 21% of the homes for sale in July sold, not 23%.
What’s happening with real estate prices in Redmond?
The median sales price decreased 470,000 from $574,990 and the number of homes sold in Redmond increased by 40%.
For the full picture of Seattle/Eastside real estate, check out my eastside blog.
What was the hot price range of the week in East Bellevue (east of 405) and West Redmond?
This past week there were 277 homes for sale and 15 home sellers accepted offers.
Real Estate Sales in Bellevue and Redmond, 08-05-09
This chart is updated weekly by (Windermere Real Estate/East, Inc.,using MLS data to show the price ranges of the homes sold each week.
Here’s how it’s set up:
The colors show who has the advantage in a particular price range.
Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.
Across the top, the chart is broken down into real estate activity by the week.
If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks. There are three columns under each week. On the left side of the column is the number of homes for sale in East Bellevue and Redmond, near Microsoft. The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale. In other words, if no other homes came up for sale, it would take 2.4 months to sell all of the homes in the $400-499,999 price range.
The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.
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 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.
Number of homes for sale: 68(74)
New listings: 1 (0)
Sold Contingent: 0 (0 )
Pending inspection:2 (1)
Pending: 4 (2)
Closed Sales: 6 (4)
Rented: 0 (0)
Price Reductions: 4 (7)
Price Increases:0 (0)
Expired Listings: 5 (0)
Canceled Listings: 2 (1)
Temp Off Market: 0 (0)
Back on Market: 0 (1)
Re-listed: 3 ( 3)
———————————
$0-$349,999: 1 (1)
$350,000-$499,999: 17 (20)
$500,000-$749,999: 34 (37)
$750,000-$999,999: 8 ( 8 )
$1,000,000- $1,499,999: 7 (7)
$1,500,000- $2,999,999: 0 (0)
$3,000,000+ 1 (1)
———————————–
Average Asking Price of Homes for Sale: $701,928 ($686,077)
Median Asking Price of Homes for Sale: $609,475 ($577,000)
Average Days on Market: 104 (98)
Highest Priced Listing: $3,400,000 ($3,400,000)
Lowest Priced Listing: $299,950 ($315,000)
New listings: Wow, this week only one new listing, which is different than a month ago, when it seemed like the dike had broken and new listings were flooding the real estate market. The number of homes for sale has dropped dramatically in the past month from a high of 84, a drop of 11%, in the number of homes for sale.
Price reductions: Price reductions are still happening, but not at such a fast pace.
Home sales: Two homes received an offer and are working through the inspection process. Four homes had the inspections satisfied and are now pending.
Home sales are up the highest they’ve been in the last two years, but prices are not going anywhere.
Closed Sales Of The Week:
$450,700 Grasslawn area home with 3 bedrooms, 2.5 baths, 1800 sq ft, with an original list price of $449,500, sold above the original asking price in 17 days.
**** Meticulously maintained with newer appliances, new windows, new furnace, this home was ready to go. It probably sold for over full price because of multiple offers. (Yes, Virginia, multiple offers do happen.)
$482,500 Tri-level near Tam O’Shanter with an original asking price of $499,900, sold in 18 days for 4% below the asking price. The home had three bedrooms, 2.5 baths, and 2000 square feet.
****A/C, a solarium and beautiful landscaping did the trick for this home.
$570,000 Gleneden daylight basement home with 3700 square feet, 5 bedrooms, 2.5 baths. Original asking price of $624,900, last asking price of $599,000, sold for 9% below the original asking price in 20 days.
****Quintessential Northwest contemporary, well maintained by original owners. The home faced a park and was at the end of a dead end street, a beautiful setting.
$615,000 Two story off 140th Ave NE with 2800 square feet and 4 bedrooms, 2.5 baths. Original asking price of $647,500, sold in 47 days for 5% below the original asking price.
****A master suite to die for with a see=through fireplace.
$710,000 New Camwest two story in Evergreen Lane with 3000+ sq ft, 4 bedrooms, 2.5 baths. Sold in 17 days for 8% below the original asking price of $769,950.
****Builders want you and will make a deal.
$2,000,000 Waterfront home on Lake Sammamish with over 5000 sq ft, 5 bedrooms and 5.5 baths. Original asking price of $2.685,000, final asking price of $2,388,000, sold in 355 days for 18% below the original asking price.
****this home was a newer style two story home on the lake.
What was the hot price range of the week in East Bellevue (east of 405) and West Redmond?
This past week there were 286 homes for sale and 15 home sellers accepted offers.
Real estate sales in East Bellevue and Redmond near Microsoft, 07-29-09
This chart is updated weekly by (Windermere Real Estate/East, Inc.,using MLS data to show the price ranges of the homes sold each week.
Here’s how it’s set up:
The colors show who has the advantage in a particular price range.
Down the side of the chart, the home sales activity is broken down into a price bracket of $99,999. All the homes priced between $400,000-499,999, as an example, are put together in one price category in the chart.
Across the top, the chart is broken down into real estate activity by the week.
If you take the $400-499,999 line and follow it across the chart, you’ll see what has happened each of the last seven weeks. There are three columns under each week. On the left side of the column is the number of homes for sale in East Bellevue and Redmond, near Microsoft. The middle column shows how many homes sold that week, and the final column under the date shows the months supply of homes for sale. In other words, if no other homes came up for sale, it would take 2.3 months to sell all of the homes in the $400-499,999 price range.
The last section shows the 7 week average of each category, the number of homes for sale, the number sold, and the months supply.
West Redmond Real Estate Buzz
Eastside Real Estate Buzz Kirkland Highlands Real Estate Buzz
