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Federal Way, WA January 2010 Monthly Home Sales Stats

By
Real Estate Agent with www.roundrealestate.com

Federal Way, WA January 2010 monthly home sales stats

Surprisingly there were 34 home sales that closed in Federal Way, WA for the month of January. I say surprisingly because December was a quiet month with Christmas and New Years. 

Here are the averages- The average square footage was 1888. The average $ per square foot was $137.41.

The average days on market was 117. The shortest sale was 7 days; the longest was 431 days.

The average original list price was $274,361.

The average list price at contract was $258,469.

The average sold price was $252,801.

The average sale price to list price percentage was 97.81%.

The lowest sales price was $125,000 and the highest sales price was $610,000.

In Federal Way there are currently 382 active listings (homes on the market without contracts)! 

Based on the current active listings, if no new homes came on the market, it would take almost 11 months for the inventory to be absorbed!! The absorption rate is less than 10% - which means it is a buyer's market in Federal Way.

 

If you are interested in the real estate market in Federal Way, WA or the surrounding areas, whether you are selling your home or buying a home, please feel free to contact me via cell phone, text, or email.  Debi Braulik at 206.949.4785 or deborah@kingpiercehomes.com.  You can also follow me on Facebook- my id is DebiBraulik or via Twitter- my id is TacomaAgent.

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