The number of Redmond, WA homes near Microsoft had dropped below 60 (phew) homes this past week.  Psychologically, it’s good to see a drop in numbers, even though it is very slight.

For this week’s full report see below:

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.  All numbers are gathered on Mondays from NWMLS (Northwest Multiple Listing )information.  The area of Redmond called Education Hill is north of Redmond Town Center and is not part of this report. The numbers in parentheses indicate the previous week’s total, although last week was a compilation of three weeks worth of information.

Number of homes for sale: 59 (60)

New listings: 2 (1)

$350,000-$499,999: 24 (26)

$500,000-$749,999: 18  (17)

$750,000-$999,999: 7 (7)

$1,000,000- $1,499,999: 2 (2)

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

$3,000,000+ 1 (1)
———————————–
Average Asking Price of Homes for Sale: Information not available this week (With the new NWMLS system this should be available later this summer.)

Median Asking Price of Homes for Sale: Same as above

Average Days on Market: Ditto

Highest Priced Listing: $3,925,000 ($3,925,000)

Lowest Priced Listing: $279,000 ($279,000)

New listings: The new listings were priced in the low $400′s and the low $700′s.

Pending inspections and pending: There were 2 offers on homes priced from the mid 300′s to mid $400′s.

Pending home sale ranged from mid $300 to just under one million.

Price reductions: Just a few this week.

Price increase: None

Homes off the market (homes that did not sell) Two homes were taken off the market.

Closed home sales: Two home sales closed.

Days on Market: N/A

Median price: N/A

Closed Sales Of The Week:

Sales price: $299,000 Last asking price: $425,000, Original asking price: $425,000, sold in 61 days for 30% below the asking price.

Sales price: $385,000 Last asking price: $410,000, Original asking price: $414,000, sold in 19 days sold for 7% below the asking price.

Peak of homes for sale in King County, WA in 2009:

7-27-09   13,861

This year, in 2010:

1-4-10       9726

8-23-10    14,530

So far, the highest number of King County homes and condos for sale was the end of July when the number hit 14,639.  The number of properties for sale in King County has been bouncing around near this number the last few weeks.