Windwood Village at River Trails Market Update May 2010
Here is a summary of recent home sales for Windwood Village at River Trails from January 1, 2010 through April 30, 2010. Even though the news media is still insisting that the real estate market is in trouble, if you look at hyper local markets you can see that the River Trails area of Redmond and more specifically Windwood Village homes are still selling.
So far in 2010 there have been 4 homes SOLD and there is just 1 home currently listed for sale.
The median sales price this year is $449,750 and it is taking about 134 days on the market to get it sold. The median price per square foot is $268.18.
Compare that to ALL off 2009 where just 2 homes SOLD! Although last year the median sales price ($496,000) was substantially higher than what we have seen so far this year the main reason for that was both of the units that SOLD where larger floor plans. The median size was 2155 square feet. That brings the price per square foot DOWN to $230.16. Typically, the larger the home the lower the price per square foot will be.
Things are looking up for Windwood Village. The number of people that have been visiting during my open houses has been higher than ever before. The overall impression I have gotten from talking to all of the buyers I have met is that they love the Windwood Village neighborhood and are just waiting to find the right floor plan before they buy!
Here is a list of what has SOLD so far in 2010:
- 2 Bedroom 2 ½ Bath 1598 sq ft for $365,000 (short sale)
- 2 Bedroom 2 ½ Bath 1677 sq ft for $440,000
- 2 Bedroom 2 ½ Bath 1956 sq ft for $459,500
- 2 Bedroom 2 ½ Bath 1687 sq ft for $485,000 (on the river)
The house that is currently FOR SALE is:
- 2 Bedroom 2 ½ Bath 1598 sq ft for $449,900
If you are considering selling, please contact me for an in-depth market review for your specific floor plan.
Focus on the Positive!