Luxury Home Market Update

Several years ago, I achieved the Certified Luxury Home Sales Specialist Accreditation. There was some coursework involved and the Accrediting Institute, required a track record of selling “Luxury” properties in the area.

Their qualifying benchmark for the category of  “Luxury” property was that if it sold for 150% or more of the Average Sales Price.

Here in Maple Valley, as of today July 1, 2016, the average Sales price ytd in Tahoma School District is $444,309. According to the Institute’s definition, a “Luxury” home in Maple Valley would be any property listed or sold for more than $666,463 and change.

Here’s a snapshot of that market, for the past six months for single family homes, within the Tahoma School District, listed and sold through NWMLS:

# Active : 31             Avg List Price: $915,864          Avg Market time: 63 days

#Pending: 27            Avg List Price:  $800,483         Avg Market Time: 46 days

# Sold:38                   Avg Sales Price: $809,748       Avg Market Time: 55 days

The highest property currently listed for sale within the Tahoma School District is being offered at $1,600,000. The highest priced home SOLD within the last six months is $1,805,000.

Start your search for Luxury Homes within the Tahoma School District here

Wondering the value of your high end Maple Valley home? Find out here