I just realized I passed my five year mark at the beginning of November. Wow, where did the time go? Even in today's crazy real estate environment, and all my personal life changes thesse past few years, I still love my career choice.
I still enjoy showing homes, I still enjoy writing contracts, I still enjoy negotiating the contracts, I still enjoy managing the details, I still enjoy putting the pieces of the puzzle together, I still enjoy solving the problems, and most of all I enjoy making my client's goals and dreams a reality.
I am so lucky. And thankful. And I'm looking forward to many more years.
In Federal Way, WA there were 59 home sales in October 2009.
Here are the averages-
The average square footage was 1844.
The average $ per square foot was $142.93.
The average days on market is 117.
The average original list price was $268,869.
The average list price at contract was $254,514.
The average sold price was $249,583.
The average sale price to list price percentage was 98.06%.
The lowest sales price was $110,000 and the highest sales price was $470,000.
There are currently 368 active listings (homes on the market without contracts) in Federal Way. Of these, 249 are listed at $350,000 or less. The minimum list price is $59,900 and the maximum list price is $1,690,000.
Based on the current active listings, if no new homes came on the market, it would take over 6 months for the inventory to be absorbed which means it is still a buyers market in Federal Way.
If you are interested in selling or buying a home in Federal Way, WA - please feel free to contact me via cell phone, text, or email.
In Federal Way, WA there were 64 home sales in October 2009.
Here are the averages-
The average square footage was 1896.
The average $ per square foot was $146.36.
The average days on market is 128.
The average original list price was $280,705.
The average list price at contract was $263,778.
The average sold price was $259,185.
The average sale price to list price percentage was 98.26%.
The lowest sales price was $140000 and the highest sales price was $550,000.
The days on market number would have been better but there was one home that sold that was on the market 1122 consecutive days! Ouch! Who want their home on the market that long? Even if they did end up getting 94% of their list price.
If you are interested in buying or selling a home in Federal Way, feel free to contact me by cell phone, text, or email. Whatever is easier for you.
Milton, WA had only two home sales that closed in October 2009.
Here are the averages-
The average square footage was 3824.
The average $ per square foot was $113.50.
The average days on market is 386. (These two homes in Milton were on the market a long time! One was three months shy of two years!)
The average original list price was $535,475.
The average list price at contract was $437,475.
The average sold price was $362,500.
The average sale price to list price percentage was 82.86%.
The lowest sales price was $325,000 and the highest sales price was $400,000.
There are currently 25 active listings (homes on the market without contracts) in Milton. That means at the current absorption rate, if no new homes come on the market, it will take approximately 12 months for the current homes to be sold.
If you are interested in selling or buying a home in Milton, WA - please give me a call.
Milton, WA had four home sales that closed in September 2009.
Here are the averages-
The average square footage was 1738.
The average $ per square foot was $139.07.
The average days on market is 47.
The average original list price was $256,212.
The average list price at contract was $251,240.
The average sold price was $252,013.
The average sale price to list price percentage was 100.31%.
The lowest sales price was $98,200 and the highest sales price was $349,950.
All of the homes were on the market less than 100 days. Two were 20 days or less. Which shows that all of these Milton homes were priced right based on their condition and today's market!
If you are looking interested in buying or selling a home in Milton, please feel free to contact me via cell phone, text, facebook, or twitter.
Edgewood, WA had seven homes closed in October 2009.
Here are the averages-
The average square footage was 2081.
The average $ per square foot was $161.21.
The average days on market is 124.
The average original list price was $365,757.
The average list price at contract was $346,471.
The average sold price was $337,636.
The average sale price to list price percentage was 97.45%.
The lowest sales price was $113,500 and the highest sales price was $499,950.
Of the seven sales five were on the market less than 90 days! More evidence that home buyers in Edgewood, WA were poised to take advantage of great sales prices and great interest rates. And maybe even the $8,000 tax credit.
Currently there are 46 active listings (homes without sales contracts) in Edgewood. Based on that and the current absorption rate, if no new listings hit the market, there is over 6 months of inventory.
If you are interested in buying or selling a home in Edgewood, WA- please feel free to contact me via cell phone, text msg, email, facebook or twitter.
September and October were busy months in South King County and North Pierce County. I am finally able to catch up on posting stats.
Edgewood, WA had six homes closed in September 2009.
Here are the averages-
The average square footage was 2182.
The average $ per square foot was $145.88.
The average days on market is 276.
The average original list price was $384,168.
The average list price at contract was $313,835.
The average sold price was $306,167.
The average sale price to list price percentage was 97.56%.
The lowest sales price was $190,000 and the highest sales price was $360,000. Four of these sales in Edgewood were over $300,000 which is great news because for a long time the $300,000 price point was a kiss of death.
If you are looking to buy or sell a home in Edgewood, please feel free to contact me via cell phone, text msg, email, facebook or twitter.
The $8,000 tax credit is working it's magic. Buyer are getting off the fence and getting into the market. Which is great news!
But some Pierce County, WA sellers (specifically Bonney Lake, Sumner, Buckley, Orting, and others) need to be aware that even with this increase in buyer traffic, it is still a buyer's market. And to make matters worse, it is a declining market. Currently the NWMLS is tracking the rate of of decline at .9% per month.
So if you want to sell your home, it's not the time to say "the house down the street sold for X dollars, therefore, my home is worth that too." Because if the neighbor's home sold a few months ago, it's not. Current residential appraisal guidelines state the condition of the market; whether it's appreciating, or stable, or declining. And if the declining box is checked, banks expect that a time adjustment is made in the value of the comp. (for example, if a house sold in March for $299,950 then today's adjusted value would be $289,151. Four months x .9 = 3.6. $299,950 x .964 = $289,151 )
And if the buyer is using government financing (which 90%+ are these days) then the appraisal situation can get even stickier. VA appraisals stay with the property for 6 months. So if your first offer falls apart because of a low VA appraisal and you are unwilling to lower the sales price to the appraised amount- it will eliminate all VA buyers unless they have the cash to make up the difference between list price and appraisal price.
So the tough decisions sellers need to make are-
do I really want/need/have to sell?
what do I have to do/can I do/will I do to make that happen?
what will I do if the appraised value comes back less than the list price?
am I willing to let a deal fall apart? Can I handle it?
can I wait for another offer?
Thinking about the answers to these questions will help you decide if now is the time for you to sell your home or if it is better to wait until the market has stabilized.
If you have any questions about your home in south King County or north Pierce County, contact me.
Fill out this form and I will send you a free list of foreclosures, bank owned homes, short sales, or other great deals in Federal Way, Edgewood, Milton, or any city you request! Each list is personalized and created from the MLS when it is requested.
Tacoma has over 600 homes that are bank owned, short sales, and under $200,000 so if you are interested in Tacoma, you will have to include a neighborhood (ie- Stadium District, Central Tacoma, UPS area) or geographical boundaries (Between North 6th and 12th) to narrow the search down.
Des Moines, WA home for sale close to downtown Des Moines. Just mere minutes from the Des Moines Marina, the waterfront park, shops, restaurants, and much much more.
This home has 3 bedrooms, 1.75 baths, is approximately 1340 square feet, and is on a quiet cul de sac with only 2 other homes. It would make a great first time home or a rental / investment home.
NWMLS # 29069882
If you would like to see this Des Moines home for sale (or any others), then please feel free to contact me. Debi Braulik 206-949-4785.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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