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Maple Valley Homes Sold Report July 2009

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Maple Valley Homes Sold Report July 2009

There were 41 single family homes sales closed in July according to NWMLS statistics. It’s always noteworthy to compare the original list price to price the property was listed for when the offer was made. I’ve also included a field “CDOM” which stands for Cummulative Days on Market; if a property is listed multiple times or with different brokerages during it’s listing history, (unless there is a 90 day time between listings in which case the CDOM is reset to zero) the market time is added together. This month I’ve added one more field: Price per square foot. Although we don’t price properties solely on this, it’s a good guide to know whether a property is within a realistic price range. Area Original Listing Price List Price at time offer was made Sales Price % List Price to Sales price Year Built Square Footage BR BA Lot Size – Acres CDOM Shadow Lake 99,900 87900 87900 100% 1931 2 1 0.364 61 Cherokee Bay 119,900 94000 94000 100% 1948 950 2 1 0.312 58 Diamond 249,000 249000 200000 80% 1993 1520 3 2.5 0.163 62 Four Corners 280,000 280000 260000 93% 2005 2300 4 2.5 0.094 219 Maple Valley 269,949

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Real Estate and Pregnancy

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Real Estate and Pregnancy

Waiting is hard! I’m not a patient person. When I want something, I usually want it now. So I am especially sympathetic to clients during the closing process who are waiting for “the big day”. The day of closing when their purchase or sale is final and they can settle in, or get their money and move on with their lives. Unfortunately, closing dates are a bit like a pregnancy due date…subject to change. Sometimes we’re lucky and we can close early. Most times we hit the date without any problems. But more and more lately it seems as if closing dates have become even more indeterminate than ever before. Today we are dealing with stricter underwriting guidelines. New HVCC rules are causing appraisals to come in low or triggering field reviews (which have panned out to be a big waste of time and money in my experience). And over-worked loan processors and escrow closers are burning the candle at both ends, trying to do more with less people. I have very patient clients right now who have been waiting to move into their home for more than a week. At first it looked as if we could close early.

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Actually…..I don’t

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Actually…..I don’t

Geesh, I crack myself up! I’m Colleen Fischesser,  the Broker/Owner of RE/MAX Select Real Estate. I live and work here in Maple Valley and am having a blast sharing my home town with anyone interested in learning more.

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Good Market News Encourages Sellers

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If it were possible for my phone to “ring off the hook” (it doesn’t have a hook…but come to think of it, does anyone have a “hook” anymore?), it would have done so yesterday. Sellers who have been waiting for the market to show movement are recognizing signs (literally) of activity in the form of SOLD strips on surrounding properties, and several of them reached out to me yesterday to talk about selling. Northwest Multiple Listing Association published new stats yesterday which show home sales in King County for the month of June to be the highest since the market peaked in June 2007-up approximately 4% over 2008 numbers. Here in Maple Valley 2009 June sales are actually down in number from June 2008: 34 Sales in ’09 vs 50 in ’08. However the main difference in those numbers can be attributed to New Construction inventory (which is slowly being absorbed). 15 new homes closed in June 2008 vs 5 in 2009. The more notable statistic from this report is the decrease in average sales price: June ’08: $429,067 to June ’09: $317,879. Although prices have come down, sellers are encouraged to see homes which have been languishing on the

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Sweet Land of Liberty…

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Sweet Land of Liberty…

Have a safe and fun July 4th! Copyright 2009, all rights reserved. No portion may be reprinted or published without written permission. I’m Colleen Fischesser,  the Broker/Owner of RE/MAX Select Real Estate. I live and work here in Maple Valley and am having a blast sharing my home town with anyone interested in learning more.

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Just Sold The Lake at Winterwood!

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Just Sold The Lake at Winterwood!

This beautiful 4 Schneider built home closed escrow today. Congratulations to the new homeowners who I hope will have many years of happy memories in this lovely lakefront community. Lake Winterwood is located in Covington, close to Highway 18 and the new Costco. The home is situated on a private 1/3 acre cul-de-sac lot and backs to protected greenbelt area. There are other homes currently available in this development as well as Winterwood Estates, the adjacent community with older homes on larger (acre+) lots. Thank you to David Hokenson of Re/MAX Performance Plus for a pleasant “cross sale” and to Merry Smith of Sammamish Escrow for yet another smooth, successful closing!

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Just Sold-The Woods at Lake Wilderness

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Just Sold-The Woods at Lake Wilderness

Past clients now call The Woods at Lake Wilderness “home” since their purchase just closed escrow today. The home, just 5 years old, was absolutely immaculate and had been maintained in almost perfect condition. One of the nice things about this neighborhood is the large central park, it’s proximity to shopping, schools and the Cedar River trail and in the case of this home, the fact that it back to the Lake Wilderness Arboretum. I had previously helped this family sell their home when they relocated out of state and was happy to work with them again when they returned to the Seattle area. Thank you to Glenn Leadbetter of JLS Mercer Island for a pleasant “cross sale” and to Merry Smith of Sammamish Escrow for yet another smooth, successful closing!

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Valley Meadows-Just Sold in Maple Valley

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Valley Meadows-Just Sold in Maple Valley

Valley Meadows continues to be a super popular neighborhood in the heart of Maple Valley. Not only is it conveniently located to shopping; QFC, Starbucks, BoA, etc, is within Rock Creek Elementary boundaries, but the homes are gorgeous. This Chaffey built home; 4 BR 2410 sq ft,  just closed escrow today at an amazingly low price. The occupant had been transferred and the house was owned by a Relocation Company.  The final sales price of this property was $347,000. We wish the new owners many years of happy memories in their new home! Thank you to Chad Hardisty of Coldwell Banker Bain for a professional “cross sale”. There are currently other homes available in Valley Meadows, feel free to email us if you’d like more details.

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