The phones are ringing. Showings have increased on listings. Flyers are disappearing more quickly from brochure boxes. All signs pointing to increased buyer interest in the Maple Valley area.
A year to date market snapshot reveals we have had 74 single family homes close (per NWMLS stats) since the first of the year. Certainly not a boost of confidence for a market looking to recover. However given that Escrow closing time frames are typically 30-45 days, and many of our existing pending sales are Short Sales, where closing may take as long as 90-120 days, it’s too soon to tell whether 2009 is shaping up to better, worse or equal to the market of 2008. (Which I think everyone I know in real estate would rather forget!)
So let’s take a look at the first 3 months of 2009 compared to that of 2008 for single family homes in the Maple Valley market:
| |
2009
|
2008
|
% change
|
# Closed Sales
|
74
|
104
|
28%
|
Average Sales Price
|
$333,824
|
$407,807
|
18.2%
|
It will be interesting to see, give the increase in March pending sales as well as the increase in buyer interest, where we’ll be in approximately 60-90 days.
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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: 425-432-5400
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Colleen Fischesser is the Designated Broker and Owner of RE/MAX Select Real Estate . She has been successfully helping clients buy and sell real estate in the greater Seattle Washington area since 1990 and specializes in South East King County including the communities of Covington, Renton, Auburn, Kent, Ravensdale, Black Diamond & Maple Valley. Voted by clients and industry professionals as one of Seattle Magazine's 5 Star, Best in Client Satisfaction for eight years running, as well as a recipient of the 2011 Seattle/King County Association of Realtors Community Service Award, , she and her team rank in the top 50 of RE/MAX teams in the entire Northwest region. Colleen is committed to remaining on the cutting edge of real estate marketing and technology while providing value-added, personalized service.
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6 Comments on Maple Valley '08 vs '09 YTD Comparison
Colleen - Phones are ringing more in the St. Louis area, as well. Buyers are realizing that it's a great time to buy! :)
Colleen - 2008 is history (thank heavens) and 2009 looks a whole lot more promising in Palos Verdes.
Hello Colleen. Your numbers are right in line in what I would have expected for the Pacific Northwest region. Great info to get sellers to be realistic.
Good to hear activity is increasing Colleen. I am seeing the same thing here in Mass.
Colleen... we need to talk. Call me when you can, let's run an RTS report (residential transaction study). I think you'll find it useful. Counter to the media, I think we're going to see an uptick in the market. I agree with you, Maple Valley is such a wonderful area. I believe you're going to see a lot of activity this spring and summer.
Rene'
Good numbers. I so love stats, as you know :) It will be interesting to see where things shake out. But it does seem better of late, but maybe that is just cause I had a really nice closing :) :) :) ha ha ha. ...geri