Dasmarka Real Estate

These numbers are based on a three month historical analysis that is updated on a weekly basis.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 97 Days (Up from 95 Last Week)
Inventory of Active Listings: 610 (Up from 590 Last Week)
Inventory of Sold & Pending Listings: 225 (Up from 252 Last Week)
75 listings are absorbed by demand each month on average. (Up From 74 Last Week)
8.13 Months Worth of Supply (Up from 7.97 Last Week)
Average List Price: $891,839 (Up From $887,468 Last Week)
Average Sale Price: $736,723 (Up From $736,144 Last Week)
Median Sale Price: $620,500 (Up from $615,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Single Family Homes: This area favors buyers over sellers based on the fact that there is an 8.13 month supply of homes. This means that if no additional homes were listed, it would take 8.13 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.

Condominiums
Average Days on Market: 78 Days (Up from 68 Last Week)
Inventory of Active Listings: 157 Active Listings (Up from 149 Last Week)Inventory of Sold & Pending Listings: 83 (Up from 80 Last Week)
28 listings are absorbed by demand each month on average. (Up From 27 Last Week)
5.6 Months Worth of Supply (Up From 5.5 Last Week)
Average List Price: $336,125 (Up From $333,526 Last Week)
Average Sale Price: $347,825 (Up From $342,746 Last Week)
Median Sale Price: $329,000 (Up From $320,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for condos: This area is balanced between buyers and sellers based on the fact that there is a 5.6 month supply of homes. This means that if no additional homes were listed, it would take 5.6 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.

MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood)
Single Family Homes
Average Days on Market: 101 Days (No Change From Last Week)
Inventory of Active Listings: 467 (Up from 455 Last Week)
Inventory of Sold & Pending Listings: 268 (Up from 265 Last Week)
89 listings are absorbed by demand each month on average. (Up from 88 Last Week)
5.2 Months Worth of Supply (Down from 5.7 Months Last Week)
Average List Price: $570,915 (Down From $573,048 Last Week)
Average Sale Price: $477,312 (Up From $476,012 Last Week)
Median Sale Price: $415,000 (Down From $424,740 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: This area favors sellers over buyers based on the fact that there is a 5.2 month supply of homes. This means that if no additional homes were listed, it would take 5.2 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.

Condominiums
Average Days on Market: 82 Days (Up from 78 Last Week)
Inventory of Active Listings: 95 Active Listings (Up from 89 last week)Inventory of Sold & Pending Listings: 37 (No Change from Last Week)
12 listings are absorbed by demand each month on average. (Up from 10 Last Week)
7.9 Months Worth of Supply (Up from 7.4 Months Last Week)
Average List Price: $255,001 (Up From $253,102 Last Week)
Average Sale Price: $250,397 (Up From $241,593 Last Week)
Median Sale Price: $245,000 (Up From $227,500 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for condos: This area is favors buyers over sellers based on the fact that there is a 7.9 month supply of homes. This means that if no additional homes were listed, it would take 7.9 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.

MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)
Single Family Homes
Average Days on Market: 97 Days (Up From 93 Last Week)
Inventory of Active Listings: 410 (Down From 411 Active Listings Last Week)
Inventory of Sold & Pending Listings: 188 (Up From 186 Last Week)
63 listings are absorbed by demand each month on average. (Up from 62 Last Week)
6.50 Months Worth of Supply (Down from 6.62 Months worth of Supply Last Week)
Average List Price: $439,958 (Down From $441,558 Last Week)
Average Sale Price: $369,938 (Down From $373,790 Last Week)
Median Sale Price: $361,500 (Down From $363,000 Last week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.50 month supply of homes. This means that if no additional homes were listed, it would take 6.50 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.
Condominiums
Average Days on Market: 84 Days (Down from 85 Last Week)
Inventory of Active Listings: 112 Active Listings (Up from 109 Last Week)
Inventory of Sold & Pending Listings: 53 (Up from 52 last Week)
18 listings are absorbed by demand each month on average. (Up From 17 Last Week)
6.2 Months Worth of Supply (Down from 6.4 Last Week)
Average List Price: $233,371 (Down From $234,030 Last Week)
Average Sale Price: $214,240 (Down From $232,259 Last Week)
Median Sale Price: $207,500 (Down From $230,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condos: This area is balanced between buyers and sellers based on the fact that there is a 6.2 month supply of homes. This means that if no additional homes were listed, it would take 6.2 months to absorb the current inventory. A market is considered balanced when the supply of homes is closer to a six month supply.

If you are interested in statistical information for an MLS area not covered here, please respond to this post to let me know what neighborhood you live in and I will follow up with the statistics specific to your area of interest. You are also welcome to visit my website at www.CallSnyder.com where you can access my Market Snapshot research tool found on the left side of the homepage.

This information is deemed reliable but it is not guaranteed to be 100% accurate. I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service. The analysis of each MLS Area is based on the market statistics but is the personal opinion of the author.

Lonnie Snyder
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 206-406-2710
E-Mail : snyder@kw.com
Website: http://www.callsnyder.com
Blogsite: http://renton-real-estate.blogspot.com
Lonnie Snyder is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers in Washington’s Kent, Renton, Newcastle and South Bellevue.