Renton 98055 is mostly downtown and the closely surrounding hills to the east. Note that the average year built is 1977 but in the core areas the homes are mostly built around 1920 through the 1950's. Renton tended to expand in an easterly direction which was more rural and unincorporated.
We won't know until 2009 is over but at the halfway mark homes are selling on average at $18 a square foot less than last year. If you purchased a home here back in 2004 or you'd still be ahead of the game by $17 a square foot.
The sweet spot here is the 59% of homes that are assessed between $280,000 and $379,999. There were 126 sales out of the 2,406 in this niche selling on average at $279,906, or around 90% of the assessed value. I like using this comparison because even though assessed value by the county has little to do with the actual market value, it's a base line. The same rules apply to all. You can get a pretty good thumbnail sketch of values in an area and compare your listing to the inventory.
| | | Residential Transaction Study | 8/3/2009 | | Project description: Renton WA 98055: Single Family Dwellings (non-waterfront) | | |
| yearly market
| Most recent transaction: 7/22/2009 | Market (homes): 4110 |
| year | sales | mrkt% | $/sqft | low price | avg price | high price | | 2009 | 63 | 2% | $154 | $155,000 | $333,379 | $1,419,221 | | 2008 | 165 | 4% | $172 | $140,000 | $350,785 | $673,657 | | 2007 | 215 | 5% | $196 | $150,000 | $439,243 | $1,200,000 | | 2006 | 291 | 7% | $190 | $143,268 | $422,465 | $1,000,000 | | 2005 | 269 | 7% | $161 | $170,000 | $352,430 | $830,000 | | 2004 | 181 | 4% | $137 | $120,000 | $265,261 | $610,000 | | |
| market by assessed value ranges
| Sale $ / assessed value % |
| Assessed Value Range | # | mrkt % | last 12mo | avg sale $ | low | avg | high | | $80,000-$179,999 | 36 | 1% | 4 | $153,300 | 94% | 102% | 108% | | $180,000-$279,999 | 707 | 17% | 32 | $239,703 | 34% | 98% | 189% | | $280,000-$379,999 | 2,406 | 59% | 126 | $279,906 | 3% | 90% | 122% | | $380,000-$479,999 | 630 | 15% | 36 | $351,899 | 46% | 84% | 148% | | $480,000-$579,999 | 137 | 3% | 14 | $518,366 | 73% | 99% | 123% | | $580,000-$679,999 | 133 | 3% | 8 | $509,256 | 71% | 80% | 97% | | $680,000-$779,999 | 15 | % | 1 | $469,900 | 69% | 69% | 69% | | $780,000 and up | 8 | % | 3 | $637,500 | 77% | 77% | 77% | | |
| 1 story | 2443 | w/ bsmt | 1,452 | platted | 3,706 | | 1.5 story | 118 | avg bsmt sqft | 1,060 | avg lot sqft1 | 12,324 | | 2 story | 1545 | w/ garage | 2,851 | unplatted | 404 | | 3+ story | 0 | avg garage sqft | 464 | avg lot sqft2 | 65,512 | | avg % imprvd | 60% | avg year built | 1977 | avg bldg sqft | 2,066 | | avg # beds | 3 | avg # baths | 2 | | |
| | 1avg lot sqft of all platted properties | 2avg lot sqft of all unplatted properties | | |
| Average length of ownership = 8.5 | | properties owned for: | | | 0-5 years | 1,484 | Owner occupied | 3,286 | | 5-10 years | 886 | Non-owner occupied | 824 | | 10+ years | 1,283 | on "No Call" list | 5 | | Average taxes = $3,423 | | |
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| Market by bedroom count (last 12 mo.) | | rooms | sales | avg price | avg $/sqft | | 1 | 2 | $147,500 | $151 | | 2 | 10 | $278,066 | $196 | | 3 | 58 | $324,451 | $167 | | 4+ | 40 | $359,408 | $155 | | |
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| |  | The data used in this report is deemed reliable, but not guaranteed.
© 2009 ARFCO MEDIA... Renton WA 98055 |
"Where there's conversation, there's opportunity."
Please Note - The views expressed herein reflect only the individual’s personal views
and are not the views of the author’s employer.
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René Fabre
cell: 425-749-9296
rene.fabre@gmail.com
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First American Title
24722 104th Ave SE
Suite 100
Kent, WA 98030
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