West Redmond Real Estate Buzz

 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. 

 
Active Listings:  70(73) 

New listings:   4(7)

Pending inspection: 5 ( 8 )

Pending: 5 (2)

Closed Sales: 4 (2)

Sold Contingent:3 (1)

Rented: 0(0) 

Price Reductions:  3 (3)

Price Increases:     0(0)

Expired Listings:2 (1)

Cancelled Listings:3 (4)

Temp Off Market:  0(0)

Back on Market: 0(0)

Rented  0 (0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  6(6)

$500,000-$749,999:   39 (42 )

$750,000-$999,999: 14 (13)

 $1,000,000- $1,499,999:  5 (7)

$1,500,000- $2,999,999: 4 (3)

$3,000,000+                     2 (0)
———————————–
Average Price:    $900,391  ($869,127)

Median Price: $683,000 ($677,000)

Average Days on Market: 58 (62)

Highest Priced Listing: $3,950,000 ($3,950,000)

Lowest Priced Listing: $379,950($379,950)

This week’s closed sales:

$429,500 Rambler style View Ridge home list price of $450,000, on the market for 74 days sold 5% below asking price. 

$485,000 Meadows single family home, on market for 40 days, asking price of $508,000 sold for 5% below asking price.   ***my listing

$520,000 Bristol rambler with 1670 square feet, original asking price of $534,950, sold in 52 days for 3% below asking price.   ***my listing

$557,000 Hollybrook two story with 2400+ square feet, 4 bedrooms, and a view, originally listed for $564,950, sold in 19 days, sold for 1.5% below asking price.

$776,000 Sheffield Greens two story 4 bedrooms, 2.5 baths, 2640 square feet, original price of $785,000, sold in 36 days, sold almost 3% below asking price.

Although inventory is high, there’s been great sales activity the last couple of weeks as 13 homes have sold.

The numbers are Thursday’s totals.  Oh by the way, I took last week off because of July 4th, so this is a compilation of two weeks worth of data.

 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.  
Active Listings:  73(68) 

New listings:   7(7)

Pending inspection: 8 (4)

Pending: 2 (5)

Closed Sales: 2 (4)

Sold Contingent: 1(3)

Rented: 0(0) 

Price Reductions:  3 (4)

Price Increases:     0(0)

Expired Listings: 1 (2)

Cancelled Listings:4 (1)

Temp Off Market:  0(0)

Back on Market: 0(0)

Rented  0 (0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  6(6)

$500,000-$749,999:   42 (36 )

$750,000-$999,999: 13(14)

 $1,000,000- $1,499,999:  7 (8)

$1,500,000- $2,999,999: 3(4)

$3,000,000+                     2 (0)
———————————–
Average Price:    $869,127  ($852,514)

Median Price: $677,000 ($683,000)

Average Days on Market: 62(62)

Highest Priced Listing: $3,950,000 ($3,080,000)

Lowest Priced Listing: $379,950($379,950)

This week’s closed sales:

$639,000  Spiritbrook two story,  list price of $650,000, original list price of $728,000 on the market for 188 days sold 13% below asking price. 

$700,000  Sheffield Greens two story home  original list price of $738,000 on market for 176 days.  sold 5.1% below asking price.

The numbers will now be a reflection of totals from Thursdays.  This will help get the data to you before the weekend, whenever possible.  In Seattle summer may finally be here this weekend!

 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.  
Active Listings:  68(68) 

New listings:   7(4)

Pending inspection: 4 (1)

Pending:  5 (3)

Closed Sales:  4(1)

Sold Contingent: 0(0)

Rented: 0(0) 

Price Reductions:  4 (0)

Price Increases:     0(0)

Expired Listings: 2(2)

Cancelled Listings: 1(1)

Temp Off Market:  0(0)

Back on Market: 0(0)

Rented  1 (0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  6(5)

$500,000-$749,999:   36(36 )

$750,000-$999,999: 14(14)

 $1,000,000- $1,499,999:  8 (7)

$1,500,000- $2,999,999: 4(4)
———————————–
Average Price:    $852,514   ($819,028)

Median Price: $683,000($675,000)

Average Days on Market: 62(62)

Highest Priced Listing: $3,080,000 ($2,995,000)

Lowest Priced Listing: $379,950($379,950)

This week’s closed sales:

$420,000  Meadows town home,  list price of $435,000.   on the market for 62  days sold 4% below asking price. 

$615,000  Tam O’Shanter midentry home  original list price of $635,000 on market for 51 days.  sold 4% below asking price.

$840,000 Park Pointe two story home original list price of $849,950 on market for 27 days, sold  2% below asking price.

$1,250,000 Lake Sammamish waterfront. list price of $1,395,000, original list price of $1,500,000.  sold 17% below asking price.

The numbers will now be a reflection of totals from Thursdays.  This will help get the data to you before the weekend, whenever possible.  If the sun is out, I imagine you’ll want to be out and about, rather than looking at real estate data!

 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.  
Active Listings:  68(68) 

New listings:   4(5)

Sold subject to inspection: 1(4)

Pending:  3 (1)

Closed Sales:  1(2)

Sold Contingent: 0(0)

Rented: 0(0) 

Price Reductions:  7(0)

Price Increases:     0(0)

Expired Listings: 2(0)

Cancelled Listings: 1(4)

Temp Off Market:  0(0)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(5)

$500,000-$749,999:   38(36 )

$750,000-$999,999: 14(14)

 $1,000,000- $1,499,999:  7 (9)

$1,500,000- $2,999,999: 4(4)
———————————–
Average Price:    $819,028 ($847,153)

Median Price: $675,000($683,000)

Average Days on Market: 62(61)

Highest Priced Listing: $2,995,000 ($2,995,000)

Lowest Priced Listing: $379,950($379,950)

This week’s closed sale was at $719,000 down from $749,000 with an original list price in the mid 800’s.  It was on the market for 108 days. 

But I’m back with a slightly different version of the weekly real estate statistics in Redmond. This report shows this week and last’s real estate numbers. I’ll continue to report the number of new listings, pendings, days on market, etc.  However, my weekly updates will report the specific information on closed sales only.  These are the sales in which the sale has closed and the new owner has taken over.  In this market, I find it helpful to see the original asking price of a home, its final list price, and the actual sales or closing price. 

In addition, the numbers will now be a reflection of totals from Thursdays.  This will help get the data to you before the weekend, whenever possible.  If the sun ever comes out here, I imagine you’ll want to be out and about, rather than looking at real estate data!

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.  
Active Listings:  68(71) 

New listings:   5(6)

Sold subject to inspection: 4(2)

Pending:  3(1)

Closed Sales:  1(2)

Sold Contingent: 0(0)

Rented: 0(0) 

Price Reductions:  0(4)

Price Increases:     0(0)

Expired Listings: 0(0)

Cancelled Listings: 4(1)

Temp Off Market:  0(0)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  5(4)

$500,000-$749,999:   36(38 )

$750,000-$999,999: 14(15)

 $1,000,000- $1,499,999:  9 (10)

$1,500,000- $2,999,999: 4(4)
———————————–
Average Price:    $847,153 ($849,564)

Median Price: $683,000($689,000)

Average Days on Market: 61(58)

Highest Priced Listing: $2,880,000 ($2,995,000)

Lowest Priced Listing: $379,950($450,000)

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 Fridays from NWMLS information. This real estate activity report will be online no later than Sunday each week. 

 
Active Listings:  66(61) 

New listings:   8(4) one home re-listed

Sold subject to inspection: 3(1)

Pending:  2(3)

Closed Sales:  4(0)

Sold Contingent: 0(0)

Rented: 0(1) 

Price Reductions:  4(4)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(0)

Temp Off Market:  0(0)

Back on Market: 0(0)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  5(4)

$500,000-$749,999:   34(30 )

$750,000-$999,999: 13(14)

 $1,000,000- $1,499,999: 11(10)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $823,181($848,779)

Median Price: $686,000($699,000)

Average Days on Market: 59(64)

Highest Priced Listing: $2,880,000 ($2,880,000)

Lowest Priced Listing: $439,000($439,000)

My analysis of this week’s buzz: 

There are 8 new listings, so in the last three weeks, 21 homes have been added to the market.   The are now 66 homes for sale in Redmond near Microsoft.   Three homes received offers, 2 homes are now past the inspection and are pending. One listing was canceled and taken off the market. 

Four home sales closed and the new home owner moved in. Most closed sales were below the original asking price, but one sale in Spiritbrook closed above full price.  Again, it’s that new kitchen which seems to be the driving force for home sales above the asking price.

There were four price reductions.  The pending sale in Grasslawn Village  was a bank repossession and sold very quickly.  The bank repos have been few and far between in this area.

New listings: 

$467,500  Strattonwood rambler 3 bedrooms, 2 baths, 1490 sq ft.

$549,995  Hillrise rambler  3 bedrooms, 2.25 baths, 2000 sq ft.

$560,000 4 bedroom, 2.75 bath Braemoor daylight rambler, 2900+ sq ft.

$605,000 Tam O’Shanter mid-entry 4 bedrooms, 2.75 baths, remodeled kitchen, 2200 sq ft.

$689,000 Parkwood East two story 5 bedrooms, 2.5 baths, 2590 sq ft.

$799,000 Viewpoint Tri-level remodeled 5 piece bath, remodeled kitchen, 2220 sq ft, 4 bedroom, 2.5 bath.

$899,500  Parkpointe two story 3220 sq ft, 3 bedrooms, 2.75 baths, built in 1996.

$1,075,000 Marymoor Meadows two story 4 bedrooms, 2.75 baths 3240 sq ft.

Homes receiving offers this week:

$599,950 New Construction Village at Redmond Heights 3 bedrooms, 3 baths.

$835,000 Grasslawn Village two story 5 bedrooms, 2.75 baths.

$950,000 Marymoor Hills two story with 4 bedrooms, 3.5 baths.

Pending sales this week: 

(inspection has been satisfied)

$425,000 Meadows town home 3 bedrooms, 1.75 baths.

$598,000 Grasslawn Park two story 2460 sq ft 4 bedrooms, 2.5 baths.

Contingent sales: 

(home has received an offer, but buyer has to sell current home to make the sale)

None this week.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

$949,000 new construction off 51st. (should come back on the market)

 Temporarily off the market:

None this week.

Price reductions:

$548,900 down from $588,900 Spiritbrook tri-level

$580,000 down from $609,950 two story near Westside Park.

$585,000 down from $610,000 Tam O’Shanter rambler.

$799,000 down from $875,000 Charlson Place two story 3260 sq ft, 5 bedrooms, 3,5 baths.

 Closed sales:

(Homes in which the new owner has moved in!)

$373,000 Original asking price of $380,000.  Sold in 4 days for 2% below the asking price.

$550,000 Spiritbrook tri-level sold for 1% ABOVE asking price of $545,000 in 12 days.

$555,000 new construction Village at Redmond Heights.  Sold for 9% below the original asking price of $609,950.

$948,800 new construction Parkside at Wilshire sold for 14% below the original asking price.

Back on the market:

None this week.

Rented:

None this week.

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 Fridays from NWMLS information. This real estate activity report will be online no later than Sunday each week. 

 
Active Listings:  61(59) 

New listings:   4(9)

Sold subject to inspection: 1(4)

Pending:  3(1)

Closed Sales:  0(2)

Sold Contingent: 0(2)

Rented: 1(0) 

Price Reductions:  4(2)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 0(1)

Temp Off Market:  0(0)

Back on Market: 0(2)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   30(30 )

$750,000-$999,999: 14(14)

 $1,000,000- $1,499,999: 10(8)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $848,779($845,925)

Median Price: $699,000($699,000)

Average Days on Market: 64(62)

Highest Priced Listing: $2,880,000 ($2,880,000)

Lowest Priced Listing: $439,000($439,000)

My analysis of this week’s buzz: 

This week’s statistics are compiled from yesterday’s data.  By 3 PM today many of you will be off for the weekend, so I am sending the weekly data along a bit sooner this week. There are 4 new listing, much less than last week’s total of 9 new listings.  There are now 61 homes for sale in Redmond near Microsoft.   One home received an offer, 3 homes are now past the inspection and are pending, and one home was taken off the market and is now rented.  There were four price reductions and no closed sales this week.

Enjoy the long weekend!

New listings: 

$545,000  Woodford remodeled mid-entry 1800 sq. ft, 4 bedrooms, 2.25 baths.

$619,950  Remodeled Spiritbrook midentry 2500+ sq ft., 5 bedrooms, 3 baths, new carpet, A/C, 2 remodeled baths, backs to park.l(my listing)

$694,500 Remodeled two story in Hampton Place with 1430 sq. ft., 4 bedrooms, 2.5 baths.

$1,288,000 Lake Sammamish waterfront 2830 sq ft, 65 feet of waterfront.

 

Homes receiving offers this week:

$649,000  Updated Lake Samm view mid-entry with 2020 sq ft.

Pending sales this week: 

(inspection has been satisfied)

$635,000 Tam O’Shanter remodeled mid-entry 4 bedrooms, 2.5 baths

$749,000 two story overlooking Marymoor 5 bedrooms, 2.5 baths, view, built in 1996.

$849,950 Park Pointe two story with 3030 sq. ft, 4 bedrooms, 2.75 baths.

Contingent sales: 

(home has received an offer, but buyer has to sell current home to make the sale)

None this week.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

None this week.

Temporarily off the market:

None this week.

Price reductions:

$686,000 down from $696,000 Remodeled mid-entry in Spiritbrook with 5 bedrooms, 3 baths.

$699,000 Ardmore Village two story, original price of $765,000.

$779,000 down from $819,000 view mid-entry on Lake Samm Pkwy.

$839,000 down from $875,000 Chrlson Place two story 3280 sq ft, 5 bedrooms, 2.5 baths.

 Closed sales:

(Homes in which the new owner has moved in!)

None this week.

Back on the market:

None this week.

Rented:

$550,000 mid-entry home on large lot.  No longer for sale and now rented.

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 Fridays from NWMLS information. This real estate activity report will be online no later than Sunday each week. 

 
Active Listings:  59(56) 

New listings:   9(3) with one home re-listed.

Sold subject to inspection: 4(2)

Pending:  1(2)

Closed Sales:  2(2)

Sold Contingent: 2(1)

Rented: 0(0) 

Price Reductions:  2(4)

Price Increases:     0(0)

Expired Listings: 0(1)

Cancelled Listings: 1(1)

Temp Off Market:  0(0)

Back on Market: 0(2)
———————————

$0-$349,999:             0(0)

$350,000-$499,999:  4(4)

$500,000-$749,999:   30(29 )

$750,000-$999,999: 14(11)

 $1,000,000- $1,499,999: 8(9)

$1,500,000- $2,999,999: 3(3)
———————————–
Average Price:    $845,925($848,654)

Median Price: $699,000($697,000)

Average Days on Market: 62(65)

Highest Priced Listing: $2,880,000 ($2,880,000)

Lowest Priced Listing: $439,000($435,000)

My analysis of this week’s buzz: 

This week inventory is at the highest it’s been all year with 59 homes for sale in the area.  There are 9 new listings and four homes received offers this week. One home has had the inspection satisfied and is now pending.   This week two homes closed with the ownership changing hands. Closed sale prices ranged from 2.5% ABOVE asking price to 8%  below the original asking price.  Four homes experienced a price reduction, including the home that was the best priced home in the area at the time.  This home, in the Meadows, received an offer this week.  Over the last few weeks, several homes have reduced asking prices, becoming competitive in pricing, and received offers almost immediately. 

Enjoy the sun this weekend!  I imagine many of you will be outside enjoying the best weather yet for this year!

New listings: 

$439,950 Marymoor town home with 1190 sq ft, 1 garage,

$508,000 Meadows single family w/ mt view, remodeled kitchen, and upgraded finishes. 1687 sq ft, 2 bedrooms, 2 baths, private (my listing)

$529,000 Wetherburn rambler with 1600 sq ft, 4 bedrooms, and remodeled kitchen.

$584,950 daylight basement home off 180th Ave NE, 3 bedrooms, 2.5 baths, 2190 sq ft.

$675,000 Ardmore Village two story 2290 sq ft, 4 bedrooms, 2.5 bths, built in 2001.

$677,000 Braeburn Golf Course daylight basement home.

$756,000 Wildwood Glen Tri-level home, total remodel, 2240 sq ft, 3/2.5 baths.

$835,000 Grasslawn Village two story, over 3000 sq. ft, 4 bedrooms, 2.5 baths.

$875,000 Charlson Place two story with basement, 3260 sq ft, built in 1999.

Homes receiving offers this week:

$425,000 Meadows town home 1770 sq ft, 3 bedrooms, 2.5 baths.

$598,000 Grasslawn two story 2460 sq ft, 4 bedrooms, 2.5 baths, built in 1982.

$635,000 Tam O’Shanter mid-entry home 2470 sq ft, 4 bedroom, 2.5 bath.

$749,000 two story overlooking Marymoor 5 bedrooms, 2.5 baths, view, built in 1996.

Pending sales this week: 

(inspection has been satisfied)

$545,000 Spiritbrook Tri-level, 2080 sq ft, 3 bedrooms, 2.5 baths and remodeled kitchen

Contingent sales: 

(home has received an offer, but buyer has to sell current home to make the sale)

$599,900  Gleneden two story home with 2900+ sq ft, 4 bedrooms, 2.5 baths.

$1,499,000 Chaffey built new construction 3310 sq ft, 4 bedrooms, 3.5 baths.

Expired listings:

(Homes in which the listing contract has expired)

None this week. 

Cancelled listings:

(Homes taken off the market)

$599,000 rambler with 1800 sq ft 3 bedrooms and 1.75 baths.

Temporarily off the market:

None this week.

Price reductions:

  $620,000 down from $646,000  Gleneden two story with 2610 sq ft, 4 bedrooms, 2.5 baths.

  $650,000 down from $675,000 Spiritbrook two story 3240 sq ft, 4 bedrooms, 2.5 baths.

Closed sales:

(Homes in which the new owner has moved in!)

$460,000 town home in The Meadows.  Original asking price of $450,000.  Sold for 2.5% above asking price.

$564,000 down from $588,000.  Sold in 160 days for almost   * % below original asking price.

Back on the market:

None this week.