Q: Are homes selling in Maple Valley?
A: Yep.
Q: Are many homes selliing in Maple Valley?
A: It depends on your definition of “many”.
All kidding aside, if you’re thinking of selling now or in the near future, your chances of success are much greater if your home falls within the popular price range.
Since the first of the year, there have been 43 Single Family homes sold & closed according to NWMLS. Currently there are 65 sale pending the close of escrow. (Contracts accepted, awaiting finalization of financing).
Of those 43 closed sales, 60% of them were homes priced under $350,000. Of the sales which are in Pending status, 77% of those are homes priced under $350,000.
However…there are currently 264 Active Listings on the market and 62% of those listings are priced over $350,000. So 3/4 of the Maple Valley market’s absorption is happening among the bottom 38% of the inventory.
In other words, 7 out of ten home buyers are purchasing homes priced under $350,000, which leaves the remaining 3 home buyers (out of ten) to absorb more than half the active inventory.
As you can imagine, that may take a little while.
