The Maple Valley real estate market for this year as compared to the same timeframe in ’09 shows a decline in average sales price by approximately 6 percent; $$328,204 average sales price first quarter of ’09 compared to $$308,876 for the first quarter of 2010. The median sales price also dropped from $300,000 last year to $289,000. The drop in both can not only be attributed to short sale and REO properties but to a lack of movement in the over $500,000 price range. In fact, there have only been 6 homes within the Tahoma School District boundaries, priced over $500,000 which have closed this year. Currently there are 276 homes available for sale in Maple Valley. The average asking price is $397,868. The high list price is $3,375,000 and the low is $99,900. Pending sales number 143 (those waiting the close of Escrow). Average list price of pending properties is $305,742-significantly lower than the Active average list price which demonstrates first time home buyers, are the predominate buyer in this market. I will continue to watch our pricing trends now that the first time home buyer tax credit has expired. If buyers begin to show lack of interest, short
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