A lot of homes sold near Microsoft this past month! The number of homes for sale near Microsoft has dropped back from the 50+ mark, which is great news. Usually because we actually have a sunny summer, July real estate sales are slower. This year the more positive attitude in the market and the cooler weather have helped to keep the real estate market moving.
We sold 3 homes in the past month in Redmond near Microsoft. Two of the homes had multiple offers! All of the homes sold in a month or less. Almost 40% of the homes in the area sold in June and July will surely end on a positive note. Sixteen homes got offers since my last post and 9 home sales closed last month. All the homes sold within 5% of full price, with the exception of two homes. There’s fabulous real estate activity happening around Microsoft right now.
For this past month’s full report see below:
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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 report totals.
Number of homes for sale: 43 (51)
New listings: 13 (4)
Pending inspection: 6 (4)
Price Increases: 0 (0)
Off The Market (not sold) 16 (4)
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$0-$349,999: 4 (7)
$350,000-$499,999: 20 (17)
$500-$749,999: 17 (21)
$750,000-$999,999: 0 (1)
$1,000,000- $1,499,999: 1 (2)
$1,500,000- $2,999,999: 1 (3)
$3,000,000+: 0 (0)
Most expensive home for sale: $2,850,000
Least expensive home for sale: $244,900
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Closed sales this past month:
$255,000 Final sales price. $275,000 last asking price. $327,700 original asking price. Sold in 136 days for about 23% below full price.
$350,000 Final sales price. $375,000 last asking price. $375,000 original asking price. Sold in 26 days for 7% below full price.
$365,000 Final sales price. $368,000 last asking price. $368,000 original asking price. Sold in 4 days for about 1% below full price.
$408,000 Final sales price. $415,000 last asking price. $415,000 original asking price. Sold in 10 days for 1.5% below full price.
$521,000 Final sales price. $549,000 last asking price. $549,000 original asking price. Sold in 32 days for about 5% below full price.
$625,000 Final sales price. $625,000 last asking price. $625,000 original asking price. Sold in 7 days for full price.
$680,000 Final sales price. $695,000 last asking price. $695,000 original asking price. Sold in 8 days for about 2% below full price.
$700,000 Final sales price. $699,950 last asking price. $699,950 original asking price. Sold in 27 days for slightly above full price.
$709,000 Final sales price. $709,000 last asking price. $709,000 original asking price. Sold in upon completion for full price.
***The Multiple Listing rules don’t allow comment on other members’ listings and sales besides data such as pricing and days on market.
Feel free to contact me if you have any questions about the real estate market or pricing for your home. I’m here to help you position your home so you can get the best price the market will bear.