This 2000+ square foot 3 BR plus Bonus plus Den two story is located in Maple Valley’s “The Arbors” neighborhood. It is ideally suited for an investor buyer as there are currently tenants in place with a lease through May 2014. This home is listed as a short sale and any offers will need to be subject to lender’s approval. 24214 SE 277th ST Maple Valley, WA 98038 Offered at: $274,000
Newly Listed in Maple Valley’s “The Woods” community, this 4 BR plus Den provides some very unique features for today’s discerning buyer. The current owners recently completed a 4th Bedroom/ Media Room addition to boost the square footage to just above 2200. Other recent updates include extended Cabinetry in the Kitchen/Nook area, engineered Bamboo Hardwood flooring throughout most of the house (sans bathrooms), extended Kitchen Island, Slab Granite counters and full-height back-splash. Backing to Lake Wilderness Arboretum, the full width patio, with Hot Tub, is the perfect place to relax and unwind after the end of the work-day. This home is also located within a short walking distance to the Cedar River Trail, Lake Wilderness Park & Shopping, Wine Bars, and Dining at Lake Wilderness Village. Offered at $324,950, additional details coming soon!
The skinny on available homes for sale in Maple Valley (and outlying areas served by the Tahoma School District) is just that….skinny! Currently there are only 75 single family homes actively listed for sale through NWMLS. Eliminate new construction (which often includes pre-sale inventory ) and you’re down to 54. Far greater than slim-pickins…this is flat out SKINNY pickins! Going back 12 months, Inventory peaked in August (not unusual as this typically is a slower time of year for sales) however it’s obvious March is the lowest point over this time period. Let’s go back even more…. Again, highest peak was August but more than 3x the inventory we have available today. So what’s a buyer hoping to land the elusive Maple Valley home for sale? Here are some tips: Be prepared to move quickly. And I mean QUICKLY! It’s helpful to work with a Buyer’s Agent who specializes only in working with buyers. (Like our wonderful team member Patty!) An experienced Buyer’s agent has systems in place to notify you as soon as properties become available. Forget trying to “get a deal”. Those days are done. Today’s “great deal” is being the winner in a multiple offer situation. Put
February 7, 2013,-Maple Valley, WA Available Acreage Properties located within the 98038 Zip code range in price from just over $212,000 to nearly $1.3 Million. 19 sales are pending close of Escrow and a total of 41 Single Family homes on one or more acre have sold within the last 6 months. Closed sales totaled 41, with the highest sales price being $874,999 and the lowest just over $167,000. The winter months are a great time to be viewing acreage, when the land looks it’s worst (well, except for those Blackberry bushes) and drainage/water table issues can more easily be recognized. When you’re ready to start your search for a home with a little more “range” beneath it….you can start here.
Median values of newly constructed, Single Family homes within the Tahoma School District boundaries remained relatively stable in a year over year comparison to closed sales in 2011. For 2012, the median price of New Homes was $289,995 compared to $284,900 for 2011….nothing too exciting there. But the glimmer of hope signs of a stabilizing/recovering market lie in both the 29% increase in sales, along with a 600% increase in the number of sales priced between $350,000 and $399,999. Confidence One word embraced by builder, lender, consumer and appraiser alike. If the local industry seems bullish on the sub-$400 market, the thaw has not even begun in the higher price points. In 2011, there was one New home closed between $400-$450 and this past year, that number doubled to a whopping 2. Given the lack of build-able spec lots within the Maple Valley City boundaries, don’t expect higher priced inventory to return any time soon. That market may be a thing of the past….big HUGE house on very SMALL lot. But there’s always resale!
Home buyers looking to settle within the Tahoma School District boundaries have not been intimidated by heavy rains or Seasonal distractions. Low inventory, rising rents and unbelievably low mortgage rates are factors bringing both owner-occupants and investors to the table….often with boxing gloves on. (Cash usually wins but not in the case of Bank Owned “first look” initiatives) A year over year comparison of Single Family Homes listings within the Tahoma School District shows inventory at it’s highest in 2011 during the month of November, a historically slow month for buyer activity and offers. However look what happened this year. With very slight exceptions, inventory continued to dwindle to it’s lowest point of the year in December. This is ACTIVE inventory, as in what’s on the shelf for anyone shopping in the market. Slim pickings to be sure. As a buyer, be prepared to make a strong, compelling offer. The days of gouging are done. As a Seller, it’s important to understand what this means. Buyers and investors are looking for right-priced properties, and are not interested in wasting time looking at anything with an over-inflated value. Price it right and they will come beat a path to your door
While the numbers may show 2012 to have been “the bottom” of the market and the beginning of a housing recovery, if I had to sum up the year in one word it would be… “Difficult”. Short sales? Nope. I’m talking financing. Who would have thought getting short sale approval could be easier than the next step…getting the buyer’s loan approved? Or, as this year has testified, having approved buyers elbow their way into the top slot after a multiple offer negotiation, only to find they have miles of hoops to jump through before crossing the finish line? Welcome to my world. (as it was last year anyway, I am an optimist after all) The best explanation I’ve seen to date about this has been this article in Forbes magazine. But that was then (as in 4 days ago) and this is now. So what’s ahead for the Maple Valley Real Estate Market in 2013? Keeping in my real estate is local (and in our case, hyper-local), I offer my prognostications as viewed through my still cloudy crystal ball: 1. Inventory will remain low. Many owners will be encouraged by news headlines of recovery and will decide to stay put
This Maple Valley Short Sale in the Maple Woods Community just closed last week. The successful negotiation included full waiver of deficiency for all liens. Closed 12/11/12 Maple Woods is probably Maple Valley’s largest Master Planned Community with over 350 homes, 6 neighborhood parks and (in my opinion) one of the loveliest landscaped entries in town. This Polygon built resale home is situated down a long drive just off a double cul-de-sac street. Traditional in style, the 3 BR + Loft + upstairs utility offers function and convenience for busy lifestyles. The Main Floor layout has a Living Room upon entry, which could easily be converted to Formal Dining Room, Powder Room with pedestal sink, and a granite Kitchen with Hardwood floors. 9′ ceilings on the main floor help keep the space open and bright. Hardwood floors flow from the Kitchen, through the Nook and into the Family Room which has a gas fireplace as it’s focal point. Outside is a storage shed, A/C unit, Patio and enough lawn area for get-togethers. Here are the details: Year Built: 2004 Sq. Ft (appx): 1640 BR: 3 Bath: 2.5 Annual taxes: $3095 Hoa Dues: $50/mo Now priced SOLD for $209,000! This home is was a Short Sale and will be was subject to
All information is current as of published date. Listings for sale or rent, are avaialable as of the date published, however price and availability are subject to change.
