Activity around new construction sites in the Maple Valley market remains somewhat subdued, however inventory seems to be slowly being absorbed. This report is for 2008 built Single Family homes in the Maple Valley market which are listed through NWMLS.
Active Listings: 85 Average List Price: $482,383 Average Days on Market: 206
Pending Sales: 9 Average List Price: $352,182 Average Days on Market: 39 (reflecting presales most likely)
Sold (last 6 mo) Average List Price: $382,700 Average Days on Market: 368, 754
The average price per square foot of Active Listings is $170.51 vs The average price per square foot of Sold Listings which is $152.65
Many builders in the Maple Valley market will have proprietary forms and sale procedures which differ from a "resale" purchase. It is wise for anyone who is considering purchasing new construction to work with a real estate professional who can guide them through the process. Not only will a buyer's agent experienced in New Construction be able to help you negotiate from a stronger position, they will sometimes be able to speak about past client's experience with different builders post sale....which is something you should always take into consideration!
Colleen Fischesser is the Broker/Owner of RE/MAX Select in Maple Valley, WA. She has been successfully selling and marketing properties all over South King & North Pierce counties since 1990 but specializes in the Maple Valley Washington area. .She may be contacted directly at: 425-432-5400
Copyright 2008, All Rights Reserved Colleen Fischesser
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