Milton, WA April 2010 monthly home sales stats
April was a VERY slow month for residential real estate sales In Milton. For the entire month, only one house sold. One! And that one didn't close until April 23rd so there were almost zero sales. Obviously the federal tax credits of $8,000 to first time buyers and $6,500 for move up/move down buyers did nothing to stimulate our local real estate market in Milton, WA.
Here is the information on the home that sold-
The square footage was 1792.
The $ per square foot was $111.58.
The number of days on market was 43.
The original list price was $199,900.
The list price at contract was $199,900.
The sold price was $199,950.
The home was built in 1942, was on .155 of an acre and has 4 bedrooms, 1.75 baths.
There are still 22 homes for sale (on the MLS) in Milton. That means based on the number sold, there was an absorption rate of 4.5%. Anything under 45% is a buyer's market. If no other homes are put up for sale, based on the current absorption rate, it would take 22 months for all the homes to be sold.
If you are interested in the real estate market in Milton, 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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