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Edgewood, WA May 2012 monthly home sales stats

By
Real Estate Agent with www.roundrealestate.com
Edgewood, WA May 2012 monthly home sales stats
 
Edgewood had 34 home sales close in the month of May 2012.  
 
Here are the averages of the 34 Edgewood home sales-
 
The average square footage was 2,377.
The average $ per square foot was $104.30.
The average days on market was 99 days. The shortest sale was 6 days; the longest was 333 days. 21 homes sold in less than the average days on market.
The average original list price was $272,228.
The average list price at contract was $253,975.
The average sold price was $243,037. (The lowest sales price was $95,000 and the highest sales price was $840,000.)
Eight of the homes sold for at or more than asking price; On average sellers received 96.80% of list price. (typical seller concessions today are 3.5% of list price)
The homes were built between 1921 and 2010.    
 
Available homes for sale in Edgewood (on the MLS)- as of the day I gathered data there are 45 homes for sale.
 
13 homes are currently under contract. That means based on the number sold, there was an absorption rate of 19%.  If no other homes are put up for sale, based on the current absorption rate, it would take approximately 3.6 months for all the homes to be sold in Milton. 
 
 Edgewood WA Months Supply Housing Inventory

Recent home sales in Edgewood are trending upwards. Blue bars are under contract. Green bars are closed sales.

Edgewood WA Housing Sales Absorption May 2012

Comments (2)

Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Debi,

Great information, way to stay ahead in your market.

Jun 11, 2012 04:31 AM
Debi Braulik
www.roundrealestate.com - Maple Valley, WA
Selling Maple Valley to Fife WA Homes For Sale

Thanks Dan. Have a great day.

Jun 11, 2012 07:16 AM