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Fife, WA May 2010 monthly home sales stats

By
Real Estate Agent with www.roundrealestate.com

Fife, WA May 2010 monthly home sales stats  

In May there were 10 home sales in Fife, WA.  I thought this number would be a little higher due to the tax credit expiring April 30th, but as of yet there has not been a surge in Fife home sales.  

As of May 1, the NWMLS changed computer systems so the data is a little different.  

Here are the averages-

The average square footage was 1900.

The average $ per square foot was $125.48.

The average days on market was 35. The shortest sale took 9 days; the longest was 153 days.

The average original list price was $223,777.

The average list price at contract was $220,117. The average sold price was $215,672

The lowest sales price was $169,500 and the highest sales price was $260,000.

All but one of the homes sold were built between 2004 and 2010.  The odd sale out was built iin 1961. It's nice to see one of the "older" properties sell in a market glutted with new construction, newer home short sales, and newer home foreclosures.    

This month in Fife there are, on average, 50 homes for sale on the MLS. That means based on the number sold, there was an absorption rate of 20%. Another buyer's market month. (A buyer's market has an absorption rate of 0-44%; A balanced market has an absorption rate of 45-55%; A seller's market is 55% and higher) If no other homes are offered for sale, it would take over 5 months for all the homes to be sold.       

 

If you are interested in the real estate market in Fife, WA or the surrounding areas, whether you are selling your home or buying a home, 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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