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!
