Normally we post our weekly market update on Mondays, but the snow yesterday threw me off schedule. 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 11.15.2010-11.22-2010. Ready to buy ? Search Listings within Tahoma School District here Search Short Sale Homes within Tahoma School District here Search Bank Owned Homes within Tahoma School District here
Tahoma students will head back to school on September 7, which is TWO WEEKS from tomorrow?! Where did the summer go? The weeks pass, homes come on the market, homes come off the market and we’re happy to provide the numbers for those who like to keep up with what’s going on with real estate sales within the school district boundaries. So here you go! These numbers are for single family homes only, listed and sold through NWMLS for the last 180 days.
Today’s Monday update for the Maple Valley Real Estate Market arrives on Tuesday, thanks to two unexpected offers received on properties yesterday! It appears buyers are once again hopping in the saddle (after a last weekend’s hiatus from home shopping) and making purchase decisions. Here’s a market snapshot for single family homes in the greater Maple Valley, WA area (defined by Tahoma School district boundaries): ACTIVE LISTINGS: PENDING SALES: CLOSE IN LAST 6 MONTHS: # Properties 253 121 204 Average Sales Price $396,500 $305,865 $330,817 Median Sales price $335,000 $278,574 $304,223 Avg Days on Market 95 days 76 days 78 days
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
My mom used to watch Days of Our Lives every afternoon when I would come home from school. Although I haven’t watch a Soap Opera for years, I can still here the music and the announcer’s voice over “Like Sand through an hour glass….these are the days of our lives” For many home owners having their property listed may seem as painful as watching grains of sand slip slowly through the hourglass…..day after day living life outside their regular routine; making the beds every day, (yes, some people don’t make their bed every day!) keeping the dishes out of the sink, the dog in the laundry room…whatever the hoops they need to jump through may be. The fact of the matter is, if you want to sell now, you have got to price your home aggressively and if it doesn’t sell, be prepared for a price reduction. In my market area, of the 29 stick-built homes with sales pending, 75% made at least one price reduction after the initial list price. These homes were on the market an average of 124 days. Compare that to the 25% which came on the market at a relatively aggressive price, never reduced and sold in an average of 22 days.
