Federal Way, WA 2009 - How Did The Real Estate Market Fare? A Recap of home sales
In 2009, there were 636 home sales in Federal Way, Washington. Of the 636, 50.9% were 3 bedroom homes and 36.6% were 4 bedroom homes. The remaining 12.6% were either 2 bedroom homes or 5+ bedroom homes.
To Recap 2009 - here are the averages-
The average square footage was 1970 square feet.
The average days on market time was 79 days. 36.16% of homes sold in 0-30 days, 18.87% sold in 31-60 days, 12.58% sold in 61-90 days, and 32.39% took longer than 90 days to get under contract.
The average list price at contract was $277,859.
The average sold price was $270,862.
The average sale price to list price percentage was 97.48%. If a Federal Way home was listed longer than 30 days the SP vs. LP percentage dropped to 96.68%.
The least expensive sales price was $55,000 and the highest sales price was $925,000.
I've lived in South King County and North Pierce County my entire life and know the area pretty good. But I know the market even better! Are you selling your home and would like to know how today's real estate market affects you? Or are you thinking about taking advantage of historically low interest rates and houses priced at 2005 levels? Whether you are buying or selling in Federal Way, Washington or elsewhere in King County - contact me today and let's get started. Please feel free to contact me via cell phone, text, or email. Debi Braulik at 206.949.4785 or deborah@kingpiercehomes.com. You can also follow me on Facebook- my id is DebiBraulik or via Twitter- my id is TacomaAgent.
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