Kent WA Real Estate - Homes that Sold March 2012

The following chart shows the properties that have sold during the proceeding months.  For the month of March there were 114 homes that sold - which means they closed and transfer of ownership was recorded at the King County Courthouse.  That is a huge jump in solds for the last 12 months, in fact the larges closing month in the last 12 months.  That is 30% over March 2011.  Lets look at what this means in the next chart. 

Below is the chart that shows the Months supply of Inventory.  Inventory in the Kent area is WAY down - down 60% from March 2011. The data shows that it is a seller's market currently in Kent!  

This next chart shows you how many properties went under contract during the month of March in Kent.  These homes show as pending.  Another huge increase over 2011.  Maybe buyers are getting off that fence and do believe that the bust is over.  Is it?  Prices still are on the decline driven of course by foreclosures and short sales. 

Below you will find the Medain Sold price by Month.  In the Kent real estate market price have continued to decline with a 6% decline over March 2011.  Median Sold price is currently at $210,000. 

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Kent WA Real Estate | Homes that Sold January 2012

During the month of January there were 60 homes (residential excludes condos) that sold in Kent, Washington. These homes all have the city listed as Kent which would include areas of unincorporated King County. Any of the homes out in Covington that are not in the Covington City limits will be reported in the Kent market data. If you would like to see stats for an individual neighborhood just fill out the form below and we can get the information to you. These Kent WA homes actually had a transfer of home ownership. Contracts complete and lender funds available for the home buyer. The seller signed all of their documents and escrow prepared the closing packages for all parties. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the King County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Kent Washington.

Let’s look at those 60 Kent homes -

Kent WA January Homes Sold 2012

Total number of Homes Sold	60
Median Original List Price	$244,075
Median List Price	$235,000
Median Selling Price	$233,500
Cumulative days on Market	87
Days on Market	66

 

 

Not a bad time to purchase a home in Kent, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the King County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

 

 

Originally Posted at: Homefront Realty

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

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Washington State Required Disclosures

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Welcome to the year 2012!  I am calling a Buyer's market in Kent WA.  It's all about supply and demand with any type of product and a house is no different.  Currently in Kent WA there are 407 homes on the market, 67 homes pending their inspection and 157 homes that are pending having already had their inspections.  These 67 homes will most likely close and ownership transfer in the next 30-90 days.  In January 43 of those 157 went pending with 9 pending inspection and 12 pending SS.  There are a total of 69 homes currently in the SS pending status.  These homes are waiting for the underlying lien holder to approve the short sale price submitted. 

In January there were 60 homes sold in Kent WA.  Now remember these figures are only for homes that are in the Kent area, which can include the city limits and unincorporated areas like those out in the Covington area, like Winterwood Estates, Remington, etc.   All of these homes have the address with Kent listed as the city.

The homes that sold in Kent WA sold for an average sold price of $242,585 which is a decrease of 32.962% from the boom days of 2007.  That January average sold price is a 6.82% INCREASE from December 2011.  We can only hope that trend continues.  The Kent WA market is really trying to get to normal.

How do we decide if this is a buyer's market?  Its all about supply and demand or absorption rates.  We figure this using the current inventory of 407 homes on the market and the number of homes sold last month, which was 60.  Divide 407 by 60 and you have the number of 6.78. I know this could be a normal  market on the high end but looking at only 35 homes sold in Feb so far this figure is going to increase.

• NORMAL MARKET :: conditions exist when the Absorption Rate is between 5 and 6 months
• SELLER’S MARKET :: conditions exist when the Absorption Rate is lower. (1 – 4 months)
• BUYER’S MARKET :: conditions exist when the Absorption Rate is higher. ( 7 plus months)

Real Estate Values

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

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Copyright © 2008 - 2013 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

 

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Originally posted at www.homefrontrealtyonline.com

Kent WA Real Estate | Homes that Sold November 2011

During the month of November there were 81 homes (residential excludes condos) that sold in Kent, Washington. These homes all have the city listed as Kent which would include areas of unincorporated King County.  Any of the homes out in Covington that are not in the Covington City limits will be reported in the Kent market data.

If you would like to see stats for an individual neighborhood just fill out the form below and we can get the information to you. These Kent WA homes actually had a transfer of home ownership. Contracts complete and lender funds available for the home buyer. The seller signed all of their documents and escrow prepared the closing packages for all parties. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the King County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Kent Washington.

Let’s look at those 81 Kent homes -

Kent WA November Homes Sold 2011

 

Total number of Homes Sold	81
Median Original List Price	$226,600
Median List Price	$213,500
Median Selling Price	$209,950
Cumulative days on Market	59
Days on Market	46

Not a bad time to purchase a home in Kent, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the King County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

Related Posts:

• Auburn WA Real Estate Looking Back at the Years 2006-2011
• Auburn WA Real Estate | What sold in November?
• Home Sellers | Do your Research Right!
• Kent WA Real Estate | Homes that Sold October 2011
• 5 Things To Consider When Looking At Homes

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

Subscribe

Copyright © 2008 - 2013 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

 

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It might be too late to be in for Christmas, but I think you just might be able to pop some bubbly on New Years Day in your brand new Kent home if you purchase a new construction home "off the rack".

Currently in Kent there are 29 new homes to choose from that are complete and ready to move into. These brand new homes start at the amazing price of $239,950, for a 3 bedroom 2.5 bath almost 1700 sq ft home!

If you need more bedrooms there is one that is 5 bedrooms for $369,000 that is almost 2800 sq ft. Wow! If you want me to send you this list just fill out the form below and I will send it. Just put the words "Home for the New Year" in the message section of the contact form.

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

Subscribe

Copyright © 2008 - 2013 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

 

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Market updates for some of  King County's waterfront escapes - waterfront real estate outside the city. 

Kent Waterfront Homes - Lake Meridian Waterfront

Lake Meridian in Kent is an easily-accessible waterfront locale from most of the Greater Seattle market.  Once on the lake, however, it has a true Northwest timberland feel, with many homes holding the classic A-frame and lake-cabin looks that you'd expect to see at a mountain retreat.  The views of Mount Rainier from Lake Meridian are absolutely stunning, filling the skyline on a clear day. 

Most Lake Meridian waterfront homes sell between $300,ooo and $700,000, an affordable price point for most buyers searching the waterfront market in King County today.

Lake Meridian Waterfront Homes in Kent - Active Waterfront Real Estate Listings

Lake Meridian Waterfront Homes in Kent - Sold Waterfront Real Estate Listings

Sam DeBord is a Realtor® and Managing Broker with SeattleHome.com and Coldwell