YTD October Maple Valley Market Stats ‘07 vs ‘08

These numbers reflect single family homes listed and sold through NWMLS and do not represent any “by owner” transactions which may have closed.

Through October 31, 2007 there were 678 homes closed with the average sales price being $438,802

Through October 31, 2008 there were 427 homes closed with the average sales price being $398,154

On average Prices have fallen 9% and there have been 37% fewer sales.

Just Sold in Maple Woods!

The good news is…homes are selling! The bad news? It’s just taking longer and often requires some adjustment on price. This beautiful 5 Bedroom home in Maple Woods is now in Escrow sold and closed,  selling just 3 days after the owners made a major price adjustment.  So if you’re thinking of selling your Maple Valley home my advice is to watch the market, adjust if needed and always be in “show ready” condition.

 

Got Dirt? Maple Valley Vacant Land Report

If you’ve been thinking about building in the Maple Valley area in the future, the market is definitely in your favor right now. Prices have come down, there’s a good selection available and frankly, the “dirt’s” not moving much….meaning a strong buyer’s market for vacant land.

Currently there are 65 parcels available within the Tahoma School District Boundaries. The average list price for these properties is $341,965. (skewed for sure by the 3 parcels listed between 1250,000 and 1,499,000).

There are only 2 Pending sales at this time, with an average list price of $247,250. And 2 Listings have sold within the last 6 months-average sales price: $197,500. *

Compare the 2 sold this year to the 19 Sold in 2007 during the same  six month time period and you have an 89% drop in the number of vacant parcels sold in ‘08. The average sales price for those properties in 2007 was $296,647.

There are some great opportunities out there right now; some available only due to the market slowdown and a decrease in many investor’s liquidity; industrial zoned, long plat, short plat, subdivision, acreage ….put on your boots and have a look. This may just be your best time to get some Maple Valley dirt. Afterall…..they aren’t making any more of it!

*These figures only represent properties listed and sold through NWMLS and do not reflect “by-owner” sales.

 Colleen Fischesser is the Broker/Owner of RE/MAX Select in Maple Valley, WA. She has been successfully selling and marketing properties all over South King & North Pierce counties since 1990 but specializes in the Maple Valley Washington area. .She may be contacted directly at: 425-432-5400

 

Copyright 2008, All Rights Reserved Colleen Fischesser

Just Sold in Valley Meadows!

This beautiful Curtis Lang resale in Valley Meadows now has a new owner! I represented the buyers in their purchase. Although there is a good selection of inventory in the area, this home is unique with many custom “top of the line” features. I hope the new owners have many years of happy memories ahead in this home!

Available Bank Owned Homes Report

09/26/2008

As of today there are 17 available listings in the Maple Valley area owned by Banks or Asset Managers in the Maple Valley area. This number only reflects single family homes listed in the NWMLS database.

The lowest priced property is $165,000 and the highest is $545,000.

If you’re considering buying a bank owned home in Maple Valley, you may want to visit this previously published post.

 

Copyright 2008, All Rights Reserved Colleen Fi

Just Sold the Pond at Greenbrier

This beautiful Curtis Lang resale home in the ponds at Greenbrier just closed escrow yesterday. The home offered over 4,000 square feet, main floor master and fully finished basement . It was situated on a private 1/2 acre lot and the final settlement price was $600,000.

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