Preliminary SR 520 costs released
Decision makers and the public now have realistic projections of the probable costs for the SR 520 Corridor Program. WSDOT released updated cost information for the corridor program, including three west side options developed through a mediation process, as well as costs for the Eastside Transit and HOV Project , the floating bridge and the pontoon construction site.
The latest cost estimate for the corridor program ranges between $4.526 and $6.672 billion, depending on which west side design option is chosen. These estimates were developed with WSDOT and a team of independent experts using the Cost Estimate Validation Process approach. The estimates consider cost, schedule, risks, opportunities and uncertainties.
For more information about the cost estimates please visit the project Web site .
Take the survey about potential tolling options across Lake Washington
The 520 Tolling Implementation Committee is seeking additional public input about how tolls can help pay for a new 520 bridge between Seattle and Bellevue. The committee hosted three open houses this month in Seattle, Mercer Island and Bellevue to talk with local communities about possible tolling options across Lake Washington (including both SR 520 and I-90).
If you couldn't make it to one of the open houses you can take the committee's online survey . Individual survey responses will be completely confidential.
The survey results will be shared with the committee in mid-December. Public comments and survey results will also be included in a report to the Legislature in January 2009, setting the stage for legislative decisions during the 2009 session.
To make sure your involvement counts, we ask that you complete the survey by Nov. 30.
Building a new bridge in Bellevue
The NE 10th Street bridge is taking shape as crews continue to set large girders across I-405 in downtown Bellevue. Crews have set more than half of the 24 girders needed to build the backbone of the bridge. The new bridge will connect downtown Bellevue and the city's growing hospital district and relieve congestion on NE Eighth Street.
Careful planning by WSDOT project engineers has allowed crews to keep I-405 open during construction of the bridge. However, on weeknights from 11 p.m. to 5 a.m. and Saturday night from 11 p.m. to 7 a.m., traffic may be reduced to one lane in each direction. The reduction is needed so crews can truck in the large girders, hoist them onto the columns that support the bridge, and secure them into place. The Washington State Patrol will slow traffic for up to five minutes two times a night while crews lift the girders onto the columns. Drivers should also note that area ramps may close as early as 9 p.m. during construction.For more information about the project, details of area ramp closures, and to view pictures and a video of a girder being set, please visit the project Web site .
Heads up: Changes for SR 522 drivers in Bothell
You may have noticed the new traffic signal at the intersection of SR 522 and Woodinville Drive. Crews recently installed the light but haven't turned it on yet. Crews must first test the signal to ensure it is working properly and install signs to notify drivers about the change
Once it's running, the light will direct drivers on both directions of SR 522, as well as drivers headed to and from Woodinville Drive. By next fall, it will also direct traffic at the new south entrance of the UW Bothell Cascadia Community College campus.
For more information visit the project Web site .
Sound Transit seeks public input on service changes
Sound Transit is seeking public comment on several service changes that are proposed for 2009, including changes to bus routes serving Issaquah, and plans for the opening of Link light rail line from Tukwila to downtown Seattle in July.
Public input will inform the Sound Transit Board's review of proposed changes related to existing projects and services. Sound Transit will be seeking further input in early 2009 on the system expansions approved by voters on Nov. 4.
Proposed changes in 2009 related to existing projects and services include several changes to three routes connecting Issaquah to Bellevue, downtown Seattle, and North Seattle (ST Express Routes 554, 555 and 556). The biggest service change coming in 2009 will be the opening of Link light rail service between Tukwila and downtown Seattle in July and to Sea-Tac Airport in December. A temporary bus shuttle will connect Tukwila Station to the airport until the airport segment opens for service.
For more information about the proposed service changes or to comment on the proposals visit Sound Transit's Web site .
Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton, Market
These numbers are based on a three month historical analysis that compares this week with 11/03/08.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 110 Days (Up from 107 last period)
Inventory of Active Listings: 488 (Down from 499 last period)
Inventory of Sold & Pending Listings: 190 (Down from 196 last period)
63 listings are absorbed by demand each month on average. (Down from 65 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.7 Months Worth of Supply (No change from 7.7 last period)
Average List Price: $935,614 (Up from $917,461 last period)
Average Sale Price: $660,740 (Up from $643,434 last period)
Median Sale Price: $568,750 (No change from $568,750 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Single Family Homes: This area favors buyers over sellers based on the fact that there is a 7.7 month supply of homes. This means that if no additional homes were listed, it would take 7.7 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 92 Days (Up from 90 last period)
Inventory of Active Listings: 136 (Up from 133 Active Listings last period)
Inventory of Sold & Pending Listings: 53 (No change from 53 last period)
18 listings are absorbed by demand each month on average. (No change from 18 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.5 Months Worth of Supply (Up from 7.4 last period)
Average List Price: $318,985 (Up from $317,171 last period)
Average Sale Price: $299,880 (Up from $285,725 last period)
Median Sale Price: $291,000 (Up from $259,325 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Condominiums: This area favors buyers over sellers based on the fact that there is a 7.5 month supply of homes. This means that if no additional homes were listed, it would take 7.5 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/500-East%20Side-South_all.pdf
MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood)
Single Family Homes
Average Days on Market: 114 Days (Up from 111 last period)
Inventory of Active Listings: 385 (Up from 382 last period)
Inventory of Sold & Pending Listings: 183 (Up from 182 last period)
61 listings are absorbed by demand each month on average. (No change from 61 last period)
16% of active listings are selling each month on average. (No change from 16% last period)
6.3 Months Worth of Supply (Up from 6.2 months last period)
Average List Price: $530,289 (Up from $529,916 last period)
Average Sale Price: $437,348 (Up from $436,938 last period)
Median Sale Price: $410,000 (Up from $404,225 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.3 month supply of homes. This means that if no additional homes were listed, it would take 6.3 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 122 Days (Up from 115 last period)
Inventory of Active Listings: 66 Active Listings (Down from 71 last period)
Inventory of Sold & Pending Listings: 35 (Down from 37 last period)
12 listings are absorbed by demand each month on average. (No change from 12 last period)
18% of active listings are selling each month on average. (Up from 17% last period)
5.5 Months Worth of Supply (Down from 5.9 months last period)
Average List Price: $247,374 (Up from $246,186 last period)
Average Sale Price: $220,646 (Down from $240,751 last period)
Median Sale Price: $214,950 (Down from $219,450 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 5.5 month supply of homes. This means that if no additional homes were listed, it would take 5.5 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/350-Renton%20Highlands.pdf
MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)
Single Family Homes
Average Days on Market: 123 Days (Up from 120 last period)
Inventory of Active Listings: 336 (Down from 343 last period)
Inventory of Sold & Pending Listings: 158 (Down from 161 last period)
53 listings are absorbed by demand each month on average. (Down from 54 last period)
16% of active listings are selling each month on average. (No change from 16% last period)
6.3 Months Worth of Supply (No change from 6.3 months worth of supply last period)
Average List Price: $415,579 (Down from $420,879 last period)
Average Sale Price: $351,449 (Down from $360,031 last period)
Median Sale Price: $331,500 (Down from $335,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.3 month supply of homes. This means that if no additional homes were listed, it would take 6.3 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 96 Days (Up from 95 last period)
Inventory of Active Listings: 103 (Down from 106 active listings last period)
Inventory of Sold & Pending Listings: 51 (Down from 52 last period)
17 listings are absorbed by demand each month on average. (Down from 19 last period)
17% of active listings are selling each month on average. (Down from 18% last period)
6.0 Months Worth of Supply (Up from 5.5 last period)
Average List Price: $215,095 (Down from $218,092 last period)
Average Sale Price: $213,890 (Up from $212,151 last period)
Median Sale Price: $205,000 (Up from $204,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 6.0 month supply of condos. This means that if no additional condos were listed, it would take 6.0 months to absorb the current inventory. A market is considered balanced when the supply of condos is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/340-Renton-Benson%20Hill.pdf
If you are interested in statistical information for an MLS area not covered here, please respond to this post to let me know what neighborhood you live in and I will follow up with the statistics specific to your area of interest. You are also welcome to visit my website at www.davidjedwards.com where you can access my Market Snapshot research tool found on the left side of the homepage.
This information is deemed reliable but it is not guaranteed to be 100% accurate. I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service. The analysis of each MLS Area is based on the market statistics but is the personal opinion of the author.
David Edwards
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/renton-info-blog.asp
David J Edwards is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers.
Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton, Market
These numbers are based on a three month historical analysis that compares this week with last week.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 107 Days (No change from 107 last period)
Inventory of Active Listings: 499 (Down from 542 last period)
Inventory of Sold & Pending Listings: 196 (Down from 207 last period)
65 listings are absorbed by demand each month on average. (Down from 69 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.7 Months Worth of Supply (Down from 7.9 last period)
Average List Price: $917,461 (Up from $913,062 last period)
Average Sale Price: $643,434 (Up from $640,976 last period)
Median Sale Price: $568,750 (Down from $570,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Single Family Homes: This area favors buyers over sellers based on the fact that there is a 7.7 month supply of homes. This means that if no additional homes were listed, it would take 7.7 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 90 Days (No change from 90 last period)
Inventory of Active Listings: 133 (Down from 138 Active Listings last period)
Inventory of Sold & Pending Listings: 53 (Down from 55 last period)
18 listings are absorbed by demand each month on average. (No change from 18 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.4 Months Worth of Supply (Down from 7.6 last period)
Average List Price: $317,171 (Down from $319,464 last period)
Average Sale Price: $285,725 (Up from $282,986 last period)
Median Sale Price: $259,325 (Up from $257,750 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Condominiums: This area favors buyers over sellers based on the fact that there is a 7.4 month supply of homes. This means that if no additional homes were listed, it would take 7.4 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/500-East%20Side-South_all.pdf
MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood)
Single Family Homes
Average Days on Market: 111 Days (Up from 109 last period)
Inventory of Active Listings: 382 (Down from 405 last period)
Inventory of Sold & Pending Listings: 182 (Down from 189 last period)
61 listings are absorbed by demand each month on average. (Down from 63 last period)
16% of active listings are selling each month on average. (No change from 16% last period)
6.2 Months Worth of Supply (Down from 6.4 months last period)
Average List Price: $529,916 (Up from $528,836 last period)
Average Sale Price: $436,938 (Up from $430,091 last period)
Median Sale Price: $404,225 (Up from $395,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.2 month supply of homes. This means that if no additional homes were listed, it would take 6.2 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 115 Days (Up from 108 last period)
Inventory of Active Listings: 71 Active Listings (Down from 77 last period)
Inventory of Sold & Pending Listings: 37 (Down from 40 last period)
12 listings are absorbed by demand each month on average. (Down from 13 last period)
17% of active listings are selling each month on average. (No change from 17% last period)
5.9 Months Worth of Supply (No change from 5.9 months last period)
Average List Price: $246,186 (Down from $246,302 last period)
Average Sale Price: $240,751 (Up from $238,743 last period)
Median Sale Price: $220,000 (Up from $219,450 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 5.9 month supply of homes. This means that if no additional homes were listed, it would take 5.9 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/350-Renton%20Highlands.pdf
MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)
Single Family Homes
Average Days on Market: 120 Days (Up from 119 last period)
Inventory of Active Listings: 343 (Down from 355 last period)
Inventory of Sold & Pending Listings: 161 (Down from 168 last period)
54 listings are absorbed by demand each month on average. (Up from 53 last period)
16% of active listings are selling each month on average. (No change from 16% last period)
6.3 Months Worth of Supply (No change from 6.3 months worth of supply last period)
Average List Price: $420,879 (Down from $421,138 last period)
Average Sale Price: $360,031 (Down from $362,754 last period)
Median Sale Price: $335,000 (Up from $331,500 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.3 month supply of homes. This means that if no additional homes were listed, it would take 6.3 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 95 Days (No change from 95 last period)
Inventory of Active Listings: 106 (Up from 105 active listings last period)
Inventory of Sold & Pending Listings: 52 (Down from 57 last period)
19 listings are absorbed by demand each month on average. (No change from 19 last period)
18% of active listings are selling each month on average. (No change from 18% last period)
5.5 Months Worth of Supply (No change from 5.5 last period)
Average List Price: $218,092 (Down from $218,356 last period)
Average Sale Price: $212,151 (Down from $214,779 last period)
Median Sale Price: $204,000 (DOwn from $213,450 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 5.5 month supply of condos. This means that if no additional condos were listed, it would take 5.5 months to absorb the current inventory. A market is considered balanced when the supply of condos is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/340-Renton-Benson%20Hill.pdf
If you are interested in statistical information for an MLS area not covered here, please respond to this post to let me know what neighborhood you live in and I will follow up with the statistics specific to your area of interest. You are also welcome to visit my website at www.davidjedwards.com where you can access my Market Snapshot research tool found on the left side of the homepage.
This information is deemed reliable but it is not guaranteed to be 100% accurate. I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service. The analysis of each MLS Area is based on the market statistics but is the personal opinion of the author.
David Edwards
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/renton-info-blog.asp
David J Edwards is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers.
Posted by David Edwards under For Buyers, For Sellers, For Realty Professionals, Regional - West, Statistics, Marketing Reports, Renton, Market
These numbers are based on a three month historical analysis that compares this week with last week.
MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 107 Days (Up from 105 last period)
Inventory of Active Listings: 542 (Up from 541 last period)
Inventory of Sold & Pending Listings: 207 (Down from 211 last period)
69 listings are absorbed by demand each month on average. (Down from 70 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.9 Months Worth of Supply (Up from 7.7 last period)
Average List Price: $913,062 (Up from $905,942 last period)
Average Sale Price: $640,976 (Down from $642,184 last period)
Median Sale Price: $570,000 (No change from $570,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Single Family Homes: This area favors buyers over sellers based on the fact that there is a 7.9 month supply of homes. This means that if no additional homes were listed, it would take 7.9 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 90 Days (Up from 88 last period)
Inventory of Active Listings: 138 (Down from 141 Active Listings last period)
Inventory of Sold & Pending Listings: 55 (Down from 58 last period)
18 listings are absorbed by demand each month on average. (Down from 19 last period)
13% of active listings are selling each month on average. (No change from 13% last period)
7.6 Months Worth of Supply (Up from 7.4 last period)
Average List Price: $319,464 (Up from $319,136 last period)
Average Sale Price: $282,986 (Up from $280,187 last period)
Median Sale Price: $257,750 (Up from $256,500 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 500 for Condominiums: This area favors buyers over sellers based on the fact that there is a 7.6 month supply of homes. This means that if no additional homes were listed, it would take 7.6 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/500-East%20Side-South_all.pdf
MLS Area 350 (Northeast Renton / Renton Highlands, East Highlands, Briarwood)
Single Family Homes
Average Days on Market: 109 Days (No change from 109 last period)
Inventory of Active Listings: 405 (Down from 409 last period)
Inventory of Sold & Pending Listings: 189 (Down from 199 last period)
63 listings are absorbed by demand each month on average. (Down from 66 last period)
16% of active listings are selling each month on average. (No change from 16% last period)
6.4 Months Worth of Supply (Up from 6.2 months last period)
Average List Price: $528,836 (Up from $528,465 last period)
Average Sale Price: $430,091 (Down from $432,381 last period)
Median Sale Price: $395,000 (Down from $396,725 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.4 month supply of homes. This means that if no additional homes were listed, it would take 6.4 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 108 Days (Up from 105 last period)
Inventory of Active Listings: 77 Active Listings (Down from 80 last period)
Inventory of Sold & Pending Listings: 40 (Down from 41 last period)
13 listings are absorbed by demand each month on average. (Down from 14 last period)
17% of active listings are selling each month on average. (Down from 18% last period)
5.9 Months Worth of Supply (Up from 5.7 months last period)
Average List Price: $246,302 (Up from $245,931 last period)
Average Sale Price: $238,743 (Down from $242,814 last period)
Median Sale Price: $219,450 (Down from $222,750 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 350 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 5.9 month supply of homes. This means that if no additional homes were listed, it would take 5.9 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/350-Renton%20Highlands.pdf
MLS Area 340 (Southeast Renton / Cascade, Tiffany Park, Talbot Hill, Benson Hill, Fairwood)
Single Family Homes
Average Days on Market: 119 Days (Up from 116 last period)
Inventory of Active Listings: 355 (Down from 357 last period)
Inventory of Sold & Pending Listings: 168 (Down from 178 last period)
56 listings are absorbed by demand each month on average. (Down from 59 last period)
16% of active listings are selling each month on average. (Down from 17% last period)
6.3 Months Worth of Supply (Up from 6.0 months worth of supply last period)
Average List Price: $421,138 (Up from $420,630 last period)
Average Sale Price: $362,754 (Up from $361,447 last period)
Median Sale Price: $331,500 (Down from $342,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Single Family Homes: This area is balanced between buyers and sellers based on the fact that there is a 6.0 month supply of homes. This means that if no additional homes were listed, it would take 6.0 months to absorb the current inventory. A market is considered balanced when the supply of homes is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
Condominiums
Average Days on Market: 95 Days (Up from 94 last period)
Inventory of Active Listings: 105 (Up from 104 active listings last period)
Inventory of Sold & Pending Listings: 57 (Down from 59 last period)
19 listings are absorbed by demand each month on average. (Down from 20 last period)
18% of active listings are selling each month on average. (Down from 19% last period)
5.5 Months Worth of Supply (Up from 5.4 last period)
Average List Price: $218,356 (Down from $220,293 last period)
Average Sale Price: $214,779 (Down from $215,117 last period)
Median Sale Price: $213,450 (Up from $208,000 last period) (1/2 sell for more & 1/2 sell for less)
Analysis of MLS Area 340 for Condominiums: This area is balanced between buyers and sellers based on the fact that there is a 5.2 month supply of condos. This means that if no additional condos were listed, it would take 5.2 months to absorb the current inventory. A market is considered balanced when the supply of condos is close to a six month supply. A supply of five months or less would favor sellers. A supply of seven months or more would favor buyers.
http://www.nwmls.com/discover/library/maps/areamaps/King/340-Renton-Benson%20Hill.pdf
If you are interested in statistical information for an MLS area not covered here, please respond to this post to let me know what neighborhood you live in and I will follow up with the statistics specific to your area of interest. You are also welcome to visit my website at www.davidjedwards.com where you can access my Market Snapshot research tool found on the left side of the homepage.
This information is deemed reliable but it is not guaranteed to be 100% accurate. I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service. The analysis of each MLS Area is based on the market statistics but is the personal opinion of the author.
David Edwards
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/renton-info-blog.asp
David J Edwards is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers.
Posted by David Edwards under For Buyers, For Sellers, Regional - West, General Information, News & Media
It has come to my understanding that the developers of The Landing are having additional discussions with Trader Joe's about locating a store here in Renton and there is some interest. They recommend that those who would like to see a Trader Joe's should fill out a simple "vote" to register your support on the Trader Joe's website. Feel free to encourage your neighbors and friends to vote as well:
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David Edwards is a full time real estate agent & REALTOR® with Keller Williams Realty Southeast Sound specializing in Residential Real Estate for buyers and sellers.
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