Milton, WA June 2010 monthly home sales stats

Milton, WA June 2010 monthly home sales stats

June closed with four home sales in Milton. In order to qualify for the federal tax credit homes had to have been closed by June 30th. There were two more home sales in Milton in June than there were in May.

The addresses of the sold homes were-
1003 Emerald St
1409 Hemlock Ct
306 19thh Ave
1215 10th Ave

Here are the averages of the four homes-
The average square footage was 1963.
The average $ per square foot was $132.93.
The average days on market was 184 days. The shortest sale was 9 days; the longest was 416 days!

The average original list price was $230,825.

The average list price at contract was $230,825.

The average sold price was $233,063.

The lowest sales price was $145,500 and the highest sales price was $299,950. Two of the homes sold for more than asking price; the sellers gave concessions for buyer's closing costs.
The homes were built between 1953 and 2006.

Interestingly the house at 1003 Emerald St, I had a buyer that put in an offer at $165,000 but the bank wouldn't acecpt it. So then 4 months later, with nothing changing with the condition of the house, the bank accepted an offer of $145,500. But that's a topic for another blog post. :(

There are still 25 homes for sale (on the MLS) in Milton. That means based on the number sold, there was an absorption rate of 16%. (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 over 6 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. Or visit www.kingpiercehomes.com. You can also follow me on Facebook- my id is DebiBraulik or via Twitter- my id is TacomaAgent.


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