What’s Selling in Maple Valley?
July 1, 2008 by Colleen Fischesser
Filed under Market News & Updates
Is anything?
The answer is a resounding YES! However a close look at the numbers reveals that homes priced between three and four hundred thousand account for more than half of all pending sales.
Currently of the 379 active Residential Single Family listings in the Maple Valley market, homes priced between 300,000 and 400,000 represent 35% of the inventory. However homes in the same price range represent 65% of the total number of pending sales. (A pending sale is one which is either subject to inspection or in escrow but not yet closed)
The reasoning behind this trend could be two-fold. One, there is a large number of New Construction listings in this price range-homes which have recently undergone significant price slashes, thus appealing to investment conscious buyers; and two, tighter lending requirements mean buyers have to have higher down-payments and are unable to purchase higher priced listings.
Eventually, this should have a trickle up effect on the 500+ market.
Colleen Fischesser is the Broker/Owner of RE/MAX Select in Maple Valley, WA. She has been successfully selling and marketing properties all over South King & North Pierce counties since 1990 but specializes in the Maple Valley Washington area. .She may be contacted directly at: 425-432-5400Copyright 2008, All Rights Reserved Colleen Fischesser
Author
Colleen Fischesser, Washington State Designated Broker & Owner of RE/MAX Select Real Estate in Maple Valley Washington; Member Northwest Multiple Listing Association, Seattle/King County Association of Realtors. Voted "Best in Client Satisfaction" Seattle Magazine 2006 & 2007. "I was bitten by the "house-hunting bug" at a young age when I would go through the Sunday papers with my parents, looking for open houses. My father was an NFL football coach and we had moved several times throughout my childhood before finally settling in the Pacific Northwest. I have come to view the house hunting and the moving process as an adventure, and although it can sometimes be stressful and inconvenient, I love the process as much today as I did back then!"
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