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Market Update: Maple Valley, WA 98038... (non-waterfront SFD's)

By
Industry Observer with ARFCO Media

Southeast of Renton, just a few minutes down Hwy 169 begins Maple Valley. It extends south for several miles ending at the city of Black Diamond. Just north of Black Diamond and directly east of Kent is the city of Maple Valley. As much as this area has grown, it still has a rural flavor. You're about an hour out of Seattle (with normal traffic)...

As you can see in the study below there are 8,950 homes, 6,910 are in platted sub-divisions and 2,040 are on acreage. If you've looked at my previous RTS posts that ratio of platted to unplatted is quite different. As you get closer to Seattle and the urban core the lots get smaller and they're is less and less unplatted acreage.

In the city/zip code of Maple Valley, 1/4 of the homes are on acreage and notice the average lot size is 148,937 square feet, or just under 3.5 acres. Also the average lot size for subdivision lots is larger than most in city lots averaging 15,278...

The Cedar River runs out of the Cascade Mountains and north up the valley through Renton and into Lake Washington. It's one of the best aquifers anywhere and as a resident of Renton we enjoy great tap water. The Green River also cuts through the valley to the south and makes its way through a break in the hills, directly west into Auburn and dumps into the Puyallup River. So within the shadow to the north of Mt. Rainier we have two wonderful watersheds.

 
Residential Transaction Study 6/15/2009
Project description: Maple Valley, WA 98038 (non-waterfront SFD's)
 

monthly market Most recent transaction: 6/5/2009 Market (homes): 8950

month year sales mrkt% $/sqft avg price median
Jun 2009 2 % $137 $277,500 $277,500
May 2009 34 0.4% $149 $322,018 $310,000
Apr 2009 34 0.4% $147 $347,934 $316,975
Mar 2009 27 0.3% $147 $323,788 $306,000
Feb 2009 20 0.2% $151 $346,729 $293,196
Jan 2009 22 0.2% $143 $333,824 $312,360

property characteristics

1 story 3324 w/ bsmt 1,755 platted 6,910
1.5 story 294 avg bsmt sqft 1,044 avg lot sqft1 15,278
2 story 5293 w/ garage 7,271 unplatted 2,040
3+ story 6 avg garage sqft 552 avg lot sqft2 148,937
avg % imprvd 67% avg year built 1989 avg bldg sqft 2,238
avg # beds 3 avg # baths 2    
  1avg lot sqft of all platted properties 2avg lot sqft of all unplatted properties
 
ARFCO MEDIA The data used in this report is deemed reliable, but not guaranteed.
© 2009 ARFCO MEDIA... Renton WA 98055
Posted by

René Fabre

"Where there's conversation, there's opportunity."

Please Note - The views expressed herein reflect only the individual’s personal views and are not the views of the author’s employer.

The Blackberry Chronicles, a blog by Rene Fabre and his travels around the Greater Pacific Northwest and beyond. Connect w/ Rene Fabre on Google+. Rene Fabre on Twitter. Rene Fabre writes reviews on Yelp. Rene Fabre on Linkedin.com The Audiorium YouTube Channel by Rene Fabre. Facebook.com/renefabre Rene Fabre loves digital photography and here are his shares on Flickr. Rene Fabre is a musician and composer and shares some of his orginal music and recordings on Soundcloud. Rene Fabre shares his interests on Pinterest.
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

I had no idea that the 1962 Seattle World's Fair was actually called the "Century 21 Exposition."

Jun 25, 2009 06:26 PM
Rene Fabre
ARFCO Media - Renton, WA
Practicing Philosophical Eclectic of the Arts

Russell: Indeed it was... and what's funny to me when you look at the memorabilia, it doesn't really have very much to do with computers!

Jul 03, 2009 01:26 PM