Real Estate activity for the greater Maple Valley area (including all single family homes listed and sold within the Tahoma School District) for the week of 12.12.11 to 12.19.11. Tahoma School District 12.12.11 to 12.19.11 ********** Total Number of Homes for Sale: 239 Average List Price: 317,122 Average Days on Market 126 Total Number of New Listings in the past 7 days: 31 Average List Price: 270,554 Average Days on Market: 19 Total Pending Home Sales in the past 7 days: 18 Average List Price: 229,608 Average Days on Market: 108 Total Homes with Price Changes in the past 7 days: 16 Average Price Change Percentage: -5% Average Total Price Change: -9,973 Total Homes Sold in the past 7 days: 12 Average Sold Price: 287,227 Average Days on Market: 58
Real Estate Week in Review 12.5.11 to 12.12.11 ~ Maple Valley WA
Real Estate activity for the greater Maple Valley area (including all single family homes listed and sold within the Tahoma School District) for the week of 12.5.11 to 12.12.11. Tahoma School District 12.5.11 to 12.12.11 ********** Total Number of Homes for Sale: 242 Average List Price: 315,996 Average Days on Market 127 Total Number of New Listings in the past 7 days: 8 Average List Price: 233,199 Average Days on Market: 5 Total Pending Home Sales in the past 7 days: 21 Average List Price: 284,515 Average Days on Market: 112 Total Homes with Price Changes in the past 7 days: 19 Average Price Change Percentage: -6% Average Total Price Change: -15,963 Total Homes Sold in the past 7 days: 11 Average Sold Price: 244,450 Average Days on Market: 44
Maple Valley Real Estate Market Poised for it’s Best Finish in 3 Years
The Maple Valley real estate market is making a come back! With a bit more than three weeks left in 2011, the total number of Single Family Residential closed sales already exceeds last year’s total by 9.5%. With many closings occurring at the end of this month, we’ll likely see a definite 10%+ increase in sales volume. 2006 was the peak of the market in terms of number of closed sales, which equaled 1076. The following year, saw those numbers drop to 764 (which also happened to be the peak year in pricing). The tumble continued down a whopping 38% the 2008 481 sales, before sinking to it’s lowest point in 2009 with 429 homes closed. Price is an entirely horse of another color. in 2008, the average sales price of a Single Family home in the Tahoma School District was $395,000. To date, this year, it is $285,000. Consumers, entinced by extremely low prices, have obviously begun to gain confidence in the stability of the market and see the benefit of investing for a long term gain. Either way, I just know I’m much happier today than I was in 2008. Yea us!
Real Estate Week in Review 11.28.11 to 12.4.11 ~ Maple Valley WA
Real Estate activity for the greater Maple Valley area (including all single family homes listed and sold within the Tahoma School District) for the week of 11.28.11 to 12.4.11. Tahoma School District 11.28.11 to 12.4.11 ********** Total Number of Homes for Sale: 250 Average List Price: 318,066 Average Days on Market 123 Total Number of New Listings in the past 7 days: 18 Average List Price: 317,952 Average Days on Market: 24 Total Pending Home Sales in the past 7 days: 10 Average List Price: 358,279 Average Days on Market: 100 Total Homes with Price Changes in the past 7 days: 27 Average Price Change Percentage: -5% Average Total Price Change: -12,500 Total Homes Sold in the past 7 days: 13 Average Sold Price: 230,337 Average Days on Market: 93
Real Estate Week in Review 11.21.11 to 11.28.11 ~ Maple Valley WA
Real Estate activity for the greater Maple Valley area (including all single family homes listed and sold within the Tahoma School District) for the week of 11.21.11 to 11.28.11. Tahoma School District 11.21.11 to 11.28.11 ********** Total Number of Homes for Sale: 249 Average List Price: 321,879 Average Days on Market 125 Total Number of New Listings in the past 7 days: 10 Average List Price: 259,881 Average Days on Market: 4 Total Pending Home Sales in the past 7 days: 10 Average List Price: 246,154 Average Days on Market: 93 Total Homes with Price Changes in the past 7 days: 15 Average Price Change Percentage: -4% Average Total Price Change: -14,757 Total Homes Sold in the past 7 days: 7 Average Sold Price: 245,376 Average Days on Market: 89
Tahoma School District Holiday Calendar
Students in the Tahoma School District will have 13 1/2 days to enjoy the Holidays this year. Beginning with an early release day on Wednesday December 21, through a Staff Development day on Tuesday, 1/3/2012, classes will resume on 1/4/2012. (view full calendar here) This means lots of time for baking, shopping, game-playing, visiting, caroling and overall-merry making. I’m sure there are more than a few kids (and kids at heart) out there who are counting on a little snow to make the holiday break extra fun. You can count me among them. half day on Wednesday
Maple Valley Short Sale-Closed!
Happy Thanksgiving to the new owners of this lovely 3 BR home in Maple Valley! The previous owners contacted me this Summer as a job relocation out of state meant they would need to sell. Having bought this home in 2007, their value was, needless to say, much lower than when purchased. We negotiated this Fannie Mae short sale, with a full waiver of deficiency rights, received approval on the 2nd….all without the owners ever having to be late on a payment. If I’ve said it once, I’ll say it again, no two short sales are exactly alike, which is why, if you’re considering this option as an exit strategy, it’s important to get information as it pertains to your personal set of circumstances. Educating yourself is a very important first step in the process!
Real Estate Week in Review 11.14.11 to 11.21.11 ~ Maple Valley WA
Real Estate activity for the greater Maple Valley area (including all single family homes listed and sold within the Tahoma School District) for the week of 11.14.11 to 11.17.11. Tahoma School District 11.14.11 to 11.21.11 ********** Total Number of Homes for Sale: 262 Average List Price: 323,991 Average Days on Market 162 Total Number of New Listings in the past 7 days: 10 Average List Price: 235,970 Average Days on Market: 5 Total Pending Home Sales in the past 7 days: 15 Average List Price: 283,973 Average Days on Market: 70 Total Homes with Price Changes in the past 7 days: 28 Average Price Change Percentage: -6% Average Total Price Change: -19,621 Total Homes Sold in the past 7 days: 8 Average Sold Price: 306,883 Average Days on Market: 61
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, the average Sales price is $281.483. According to the Institute’s definition, a “Luxury” home in Maple Valley would be any property listed or sold for more than $422,000 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 : 33 Avg List Price: $684,815 Avg Market time: 137 days #Pending: 4 Avg List Price: $759,950 Avg Market Time: 63 days # Sold:13 Avg Sales Price: 723,462 Avg Market Time: 67 days The highest property currently listed for sale within the Tahoma School District is being offered at $1,300,000. The highest priced home SOLD within the last six months is $1,650,000. 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
Home Shopping-Buying in Maple Valley
In a previous post, I addressed the “getting ready” phase of home buying, outlining the steps which should be taken prior to actually looking at homes as well as the process I go through with buyers who would like to have me represent them in the purchase of their greater Maple Valley area home. Once you’re committed and your preapproval is in hand, it’s time to go shopping! The internet has altered the Home shopping experience tremendously. In the past, I would have shown you many more homes than I would now, because you’ll probably have eliminated many and zero-ed in on a few “favorites”. Typically I plan to show no more than 8 homes in one outing unless there is a real constraint on time; a client in town only for the weekend, or someone who must be in their new home by the end of the month. The reason I don’t prefer to show more than that is because after awhile they all begin to blend together. Was it house # 2 or 10 that had that waterfall in the backyard? The pink kitchen of house number 4 gets filed in the memory of house number 8….and even though I can