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: 93 Days (No Change From Last Week)
Inventory of Active Listings: 603 (Up from 591 Last Week)
Inventory of Sold & Pending Listings: 225 (Up From 165 Last Week)
Average List Price: $888,917 (Up from $888,342 Last Week)
Average Sale Price: $751,967 (Up from $737,816 Last Week)
Median Sale Price: $623,000 (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 market has seen rate increases for three weeks in a row. However, the area still favor buyers over sellers. A market is considered balanced when the supply of homes is closer to a six month supply.

Condominiums
Average Days on Market: 77 Days (Up From 67 Last Week)
Inventory of Active Listings: 158 Active Listings (Up from 149 Last Week)
Inventory of Sold & Pending Listings: 80 (Up from 52 Last Week)
Average List Price: $335,146 (Down from $335,408 Last Week)
Average Sale Price: $346,088 (Up from $337,467 Last Week)
Median Sale Price: $325,000 (Up from $315,500 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for condos: The condo market in MLS Area 500 had been fighting to stay within buyer territory for the last three months with moderate success. There was a small boost in the average sale price. Looks like summer is here.

MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood)
Single Family Homes
Average Days on Market: 102 Days (No Change From Last Week)
Inventory of Active Listings: 462 (Up from 453 Last Week)
Inventory of Sold & Pending Listings: 266 (Down from 181 Last Week)
Average List Price: $526,687 (Down from $565,097 Last Week)
Average Sale Price: $486,395 (Up from $474,348 Last Week)
Median Sale Price: $425,000 (Down from $420,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: Last week’s numbers show that buyer activity remained strong with average days on market holding steady .Things look great for buyers which means the same is true for sellers who are willing to price their homes correctly in this MLS Area.

Condominiums
Average Days on Market: 78 Days (Up from 75 Last Week)
Inventory of Active Listings: 94 Active Listings (Up from 89 last week)
Inventory of Sold & Pending Listings: 36 (Down from 37 last Week)
Average List Price: $250,116 (Up from $249,390 Last Week)
Average Sale Price: $243,280 (Down from $241,593 Last Week)
Median Sale Price: $245,000 (Down from $254,990 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for condos: Real estate trends indicate a shift a market that favors buyers over sellers in this MLS Area. A market with a six month supply of homes is considered balanced between buyers and sellers. A market with less than a six month supply of homes typically favors buyers. Buyers are taking advantage of the over pricing here.

MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)
Single Family Homes
Average Days on Market: 95 Days (Up From 94 Last Week)
Inventory of Active Listings: 403 (Down from 409 Active Listings Last Week)
Inventory of Sold & Pending Listings: 189 (Down from 190 Last Week)
Average List Price: $441,179 (Down from $442,052 Last Week)
Average Sale Price: $369,405 (Down from $374,352 Last Week)
Median Sale Price: $359,950 (Down from $388,407 Last week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: Based on the numbers where everything went down basically says there are buyers out there but they are only interested in the homes that are priced correctly for their condition and location.

Condominiums
Average Days on Market: 84 Days (No change from Last Week)
Inventory of Active Listings: 111 Active Listings (Up from 110 Last Week)
Inventory of Sold & Pending Listings: 57 (Down from 62 last Week)
Average List Price: $231,773 (Down from $234,457 Last Week)
Average Sale Price: $225,821 (Down from $232,259 Last Week)
Median Sale Price: $223,000 (Down from $230,000 Last Week) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condos: The condo market in MLS Area 340 had been fighting to stay within buyer territory for the last three months with moderate success. It is a little more difficult for first time home buyers to get approved for their loans.

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.