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Tedious but Crucial Real Estate Statistics for Maple Valley, WA

By
Real Estate Agent with RE/MAX Realty South WA State: 75600

Similar to the Boring but Invaluable Statistics for Auburn posted yesterday, Maple Valley, WA where my office resides and located about 15 minutes northeast of Auburn, has it's own set of Tedius but Crucial Statistics.

Tedious but Crucial Statistic #1: As with much of the area, home prices have fallen a bit in Maple Valley for the last few years. However, encouraging is that since February, prices have actually risen slightly:

February
March
April
May
June
July

$ 287,729
$ 271,727
$ 271,158
$ 305,186
$ 308,423
$ 311,281

When looking at effective pricing, you may want to consider home prices for similar houses in about the May 2005 timeframe:

 

Moving quickly on to Tedious but Crucial Statistic #2: Assuming no additional homes are listed for sale in Maple Valley, and looking at only a single month, it appears that it will take approximately nine months to sell every home currently on the market.

So ... assuming that a house is priced right, how long does it take to get an offer? Enter Tedious but Crucial Statistic #3, which shows that it takes 93 days! Want to lower that number? Be aggressive with pricing right from the start. Most homes have had at least one price reduction, if not several before 93 days has passed!

 

 

So how did the Home Buyer tax credit affect Maple Valley? Take a look at Tedious but Crucial Statistic #4: In order to qualify, buyers had to be in contract by the end of April. Yep, there's a spike there!

Tedious but Crucial Statistic #5 doesn't yet show the must close by end of September qualifier, but note that the original close by date was the end of April. Hmmm, that date wasn't important to Maple Valley buyers!

Tedious but Crucial Statistics such as these are important when either selling ... or buying ... a home. For help evaluating your marketing options, please don't hesitate to contact me. Now that it's near the end of August, watch for September statistics, coming soon to a blog near you!

 

Posted by

Your Dedicated Realtor(r), ActiveRain Blogger, Seller, Buyer, and Short Sale agent working the Auburn, Kent, Renton, Maple Valley, Federal Way, Covington, Puyallup, Sumner, Bonney Lake, Lake Tapps, and north/northeast Tacoma areas. Visit my Web site too!

 

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Comments (7)

Anne-marie Boyer | Del Mar Carmel Valley San Diego | GRI, ABR, REOMAC, 5-Star
San Diego's Finest Real Estate - Del Mar, CA

Nice charts, good data, but why would you call them tedious - except perhaps to create.

Aug 27, 2010 07:00 PM
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Wow Gabrielle,

Pretty graphs.

Don't know what they mean, but they are pretty!

Phil

Aug 27, 2010 07:00 PM
Gabrielle Nemes
RE/MAX Realty South - Tumwater, WA
206.300.8421, S King & Pierce County RE Advocate

Anne-Marie: Okay, ... create is probably the right word. It's a thesaurus thing.

Phil: lol ... you don't do graphs like these too?

Aug 27, 2010 07:07 PM
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

I love your title. I feel the same way about doing statistics posts, but they get the most hits. So they are obviously crucial to someone!

Aug 27, 2010 08:03 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

We also post market reports for our Long Island, NY areas and find that the buying public want as much information as possible before purchasing.  Your statistics are an important view of what's going on in your community.

Larry & Sheila, Long Island, NY

Aug 27, 2010 11:20 PM
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Nice avg sales prices, much lower here. Surprised your pending are holding up there, crashing here.

Aug 28, 2010 04:49 PM
Gabrielle Nemes
RE/MAX Realty South - Tumwater, WA
206.300.8421, S King & Pierce County RE Advocate

Joetta: Keeping up on stats IS tedious and boring. And I'm usually behind in them and chasing myself around to get them done by the end of the month!

Larry & Sheila: Yes, they certainly are. Glad to hear that you post them also. I'm always surprised that more agents don't rely on them as I do.

Matt: Maple Valley is really a unique little area. The surrounding areas aren't quite as strong -- especially in days on market!

Aug 28, 2010 05:26 PM