Pacific Northwest Events Calendar – Updated 08/31/2007

Summer in the beautiful Pacific Northwest highlights our one-of-a-kind calendar of seasonal festivities and outdoor events that define Pacific Northwest living.

The opportunity to enjoy a vast array of moon lit music, animated entertainment, fairs and festivals with fresh foods and art have become part of the subtle allure for living in the Pacific Northwest.

Fall will be upon us before we know it so take advantage of a summer event before it's too late.
I have updated my Local Community Events Calendar found online at http://www.davidjedwards.com/area-events-calendar.asp.

If you have something you would like to see added to the calendar, please submit your request by responding to this post with a comment. Please limit your event postings to those taking place in Washington’s King, Pierce, Thurston, Snohomish, Skagit, Lewis, Mason, Island, Grays Harbor or Kitsap counties. Have a great weekend.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

OPEN HOUSE Sunday September 2nd from 1:00 to 4:00 PM in Renton's Summerfield Neighborhood

The entryway, with its wood floors and vaulted ceilings, will lead you to a spacious kitchen with a granite tiled, center island. The master bedroom is oversized and comes complete with a 5 piece bath and walk-in closet!!! You'll love the NEW roof, fully fenced and landscaped private yard, complete with a refinished deck for entertaining. This home is perfectly situated along a greenbelt with access to trails for hiking.

Price: $413,999

Bedrooms: 3

Bathrooms: 2.5

MLS: 27148759

For More Information Feel Free to Visit:

http://www.davidjedwards.com/featured-listings.asp?listing_id={9ECFB9D0-B978-41A7-9F11-36EBF3E9E94F}

Driving Directions: From I-405, drive SE on Renton Maple Valley Rd / WA-169 for 1.4 miles. Turn right onto 161st Ave SE into Summerfield Community. Turn right on 156th St SE. Turn left onto 160th Ct SE. The address is: 15616 160th Ct SE, Renton, WA, 98058.

If you have any questions about this property or if you would like to schedule a private showing, please let me know.

Best Regards,

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Updated Real Estate Market Statistics (As of August 27th, 2007)

King County (Washington State)

Single Family Homes

Average Days on Market: 64 Days (Up from 62 Days Last Week)

Inventory of Active Listings: 9185 Active Listings (Up from 9075 Last Week)

Average List Price: $700,060 (Up from $695,910 Last Week)

Average Sale Price: $660,519 (Up from $557,752 Last Week)

Condominiums

Average Days on Market: 60 Days (Up from 59 Days Last Week)

Inventory of Active Listings: 3173 Active Listings (Up from 3,140 Last Week)

Average List Price: $446,520 (Up from $446,194 Last Week)

Average Sale Price: $317,642 (Down from $327,421 Last Week)

Note: For King County only, stats are based on activity within the last seven days. They do not include manufactured homes or unfinished new construction. They do not include Cancelled Listings.

MLS Area 350 (Renton Highlands)

Single Family Homes

Average Days on Market: 78 Days (Down from 79 Last Week)

Inventory of Active Listings: 483 Active Listings (Up from 434 Last Week)

Average List Price: $506,283 (Up from $505,294 Last Week)

Average Sale Price: $471,198 (Down from $471,994 Last Week)

Condominiums

Average Days on Market: 37 Days (Up from 36 Last Week)

Inventory of Active Listings: 66 Active Listings (Down from 67 Last Week)

Average List Price: $241,669 (Down from $242,319 Last Week)

Average Sale Price: $238,695 (Down from $239,168 Last Week)

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)

Single Family Homes

Average Days on Market: 75 Days (No Change from Last Week)

Inventory of Active Listings: 483 (Up from 478 Active Listings Last Week)

Average List Price: $894,983 (Up from $894,405 Last Week)

Average Sale Price: $779,233 (Up from $777,468 Last Week)

Condominiums

Average Days on Market: 44 Days (No Change from Last Week)

Inventory of Active Listings: 125 Active Listings (Up from 112 Last Week)

Average List Price: $347,045 (Down from $347,200 Last Week)

Average Sale Price: $337,588 (Down from $337,762 Last Week)

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.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Pacific Northwest Events Calendar – Updated 08/25/2007!

Summer in the beautiful Pacific Northwest highlights our one-of-a-kind calendar of seasonal festivities and outdoor events that define Pacific Northwest living.

The opportunity to enjoy a vast array of moon lit music, animated entertainment, fairs and festivals with fresh foods and art have become part of the subtle allure for living in the Pacific Northwest.

I have updated my Local Community Events Calendar found online at http://www.davidjedwards.com/area-events-calendar.asp.

If you have something you would like to see added to the calendar, please submit your request by responding to this post with a comment. Please limit your event postings to those taking place in Washington’s King, Pierce, Thurston, Snohomish or Kitsap counties. Have a great weekend.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Conducting a Neighborhood Review

Northwest MLS Form 35N is used when a buyer is submitting an offer to purchase a home that is contingent on the buyer’s subjective satisfaction of the neighborhood in which the property is located. The neighborhood review may include a buyer’s investigation of the schools, proximity to bus lines, availability of shopping, traffic patterns, noise, parking and investigation of other neighborhood, environmental and safety conditions they buyer may determine to be relevant in deciding to purchase the property. The key for buyers and sellers to remember when this contingency is used is the buyer’s approval of the neighborhood review is completely subjective.

It is always a good idea for a buyer to conduct a neighborhood review regardless of whether this contingency is actually incorporated into a purchase and sale agreement. If you are a buyer, feel free to utilize these online resources when conducting your review:

Neighborhood Characteristics:
http://www.davidjedwards.com/community_info.asp http://www.davidjedwards.com/community-reports.asp#TPREPORTreport=CommunityReport&action=ReportClick&http://www.davidjedwards.com/neighborhood-videos.asp
www.claritas.comwww.intelius.com

Condominiums:
www.metrokc.gov/GIS/mapportal/PViewer_main.htm (Scroll down to
Condominium Unit Descriptions)

Schools:
http://www.davidjedwards.com/community-reports.asp#TPREPORTreport=SchoolReport&action=ReportClick& http://www.davidjedwards.com/school-websites.asp http://community.seattletimes.nwsource.com/schoolguide

Transportation:
www.wsdot.wa.gov (Department of Transportation)

Commerce:
http://www.gorenton.com/ (Renton Chamber of Commerce)
http://www.newcastlecc.com/ (Newcastle Chamber of Commerce)http://www.bellevuechamber.org/ (Bellevue Chamber of Commerce)

Safety:http://www.davidjedwards.com/government-contacts.asp
www.nsopr.gov (Dru Sjodin National Sex Offender Public Registry)

Oftentimes, the best way to get information about a particular neighborhood is talk to the neighbors face to face.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

2 Open Houses for Sunday August 26th

10:00 AM to 12:30 PM, you are invited to:
680 Dayton Ave NE in Renton 98056
Price Reduced! Now listed at $319,999!!!
http://www.davidjedwards.com/featured-listings.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=13492
Video on YouTube: http://www.youtube.com/watch?v=tY6dVpu4Opc

Directions: Off 405 South, Take WA-900 Exit 5 to Park Ave N/Sunset Blvd NE. Left on NE Park Dr/WA 900. Follow WA 900 for 0.6 Miles. Turn slight right on Edmonds Ave NE. Right on NE 9th St, Left on Dayton Ave NE.

1:00 PM to 4:00 PM, you are invited to:
15616 160th Ct SE, in Renton 98058
Now listed at $419,000!!!
http://www.davidjedwards.com/featured-listings.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=14530

Directions: From I-405, drive SE on Renton Maple Valley Rd / WA-169 for 1.4 miles. Turn right onto 161st Ave SE into Summerfield Community. Turn right on 156th St SE. Turn left onto 160th Ct SE.



Please do not hesitate to contact me if you have any questions or wish to schedule a private showing.

Have a great day!

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Updated Real Estate Market Statistics (As of August 20th, 2007)

King County (Washington State)

Single Family Homes

Average Days on Market: 62 Days (No Change from Last Week)

Inventory of Active Listings: 9075 Active Listings (Up from 9012 Last Week)

Average List Price: $695,910 (Down from $698,089 Last Week)

Average Sale Price: $557,752 (Down from $594,051 Last Week)

Condominiums

Days on Market: 59 Days (Up from 57 Days Last Week)

Inventory of Active Listings: 3140 Active Listings (Up from 3,071 Last Week)

Average List Price: $446,194 (Down from $447,841 Last Week)

Average Sale Price: $327,421 (Up from $294,396 Last Week)

Note: For King County only, stats are based on activity within the last seven days. They do not include manufactured homes or unfinished new construction. They do not include Cancelled Listings.

MLS Area 350 (Renton Highlands)

Single Family Homes

Average Days on Market: 78 Days (Down From 79 Days Last Week)

Inventory of Active Listings: 412 Active Listings (Up from 409 Last Week)

Average List Price: $505,294 (Up from $504,861 Last Week)

Average Sale Price: $471,994 (Down from $474,239 Last Week)

Condominiums

Average Days on Market: 36 Days (No Change from Last Week)

Inventory of Active Listings: 67 Active Listings (Up from 60 Last Week)

Average List Price: $242,319 (Down from $243,009 Last Week)

Average Sale Price: $239,168 (Up from $238,611 Last Week)

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)

Single Family Homes

Average Days on Market: 75 Days (No Change from Last Week)

Inventory of Active Listings: 478 Active Listings (Up from 476 Last Week)

Average List Price: $894,405 (Down from $896,872 Last Week)

Average Sale Price: $777,468 (Down from $777,716 Last Week)

Condominiums

Average Days on Market: 44 Days (No Change from Last Week)

Inventory of Active Listings: 112 Active Listings (Down from 116 Last Week)

Average List Price: $347,200 (Down from $348,392 Last Week)

Average Sale Price: $337,762 (Up from $337,048 Last Week)

If you are interested in statistical information for an area not covered here, please respond to this post to let me know 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.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Just Listed! Single Family Home in Renton's Summerfield Neighborhood

I just listed a beautifully maintained home in Renton’s Summerfield neighborhood!

The entryway, with its wood floors and vaulted ceilings, will lead you to a spacious kitchen with a granite tiled, center island. The master bedroom is oversized and comes complete with a 5 piece bath and walk-in closet!!! You'll love the NEW roof, fully fenced and landscaped private yard, complete with a refinished deck for entertaining. This home is perfectly situated along a greenbelt with access to trails for hiking.



Price: $419,000
Bedrooms: 3
Bathrooms: 2.5
MLS: 27148759

For More Information Feel Free to Visit:
http://www.davidjedwards.com/featured-listings.asp?listing_id=%7b9ECFB9D0-B978-41A7-9F11-36EBF3E9E94F%7d

Driving Directions: From I-405, drive SE on Renton Maple Valley Rd / WA-169 for 1.4 miles. Turn right onto 161st Ave SE into Summerfield Community. Turn right on 156th St SE. Turn left onto 160th Ct SE. The address is: 15616 160th Ct SE, Renton, WA, 98058.

If you have any questions about this property, please let me know.

Best Regards,

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Price Reduced $319,999 680 Dayton Ave NE

The home at 680 Dayton Ave NE, Renton WA 98056 has just undergone a $10,000 price reduction! The original list price was $329,999. The home is now available for $319,999.

If you are looking for a Single-family home in this area, don’t miss your rare opportunity to visit this magnificent property.

For a preview of this Single-family property, check out my site at http://www.davidjedwards.com/ or visit http://www.680daytonavene.com/.

This fully remodeled charmer in the Renton Highlands boasts 3 beautiful bedrooms and 1 fully updated bathroom. It’s a brick house on a corner lot in a pleasant neighborhood with easy access to 405 without the noise! As the owner of this home, you’ll enjoy new kitchen cabinets, tile floors, counters and appliances. This home has new carpet and a freshly painted interior that has been finished with new molding throughout. The bathroom has been fully remodeled and the yard has been landscaped and upgraded with a new fence. There is RV parking and an enclosed one car garage with shop space.

Presentation on my website: http://www.davidjedwards.com/featured-listings.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=13492
Video on YouTube: http://www.youtube.com/watch?v=tY6dVpu4Opc

Please do not hesitate to contact me if you have any questions or wish to schedule a private showing.

Have a great day!

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Pacific Northwest Events Calendar – Updated 08/17/2007!

Summer in the beautiful Pacific Northwest highlights our one-of-a-kind calendar of seasonal festivities and outdoor events that define Pacific Northwest living.

The opportunity to enjoy a vast array of moon lit music, animated entertainment, fairs and festivals with fresh foods and art have become part of the subtle allure for living in the Pacific Northwest.

I have updated my Local Community Events Calendar found online at http://www.davidjedwards.com/area-events-calendar.asp.

If you have something you would like to see added to the calendar, please submit your request by responding to this post with a comment. Please limit your event postings to those taking place in Washington’s King, Pierce, Thurston, Snohomish or Kitsap counties.

Have a great weekend.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Open House on August 19th, 2007 at 680 Dayton Ave NE, Renton WA 98056

On Sunday August, 19th 2007 from 10:00 AM to 1:00 PM, you are invited to an Open House at 680 Dayton Ave NE in Renton 98056.

Price Reduced! Now listed at $324,999!!!

If you are looking for a Single-family home in this area, don’t miss your rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at www.davidjedwards.com.

This fully remodeled charmer in the Renton Highlands boasts 3 beautiful bedrooms and 1 fully updated bathroom. It’s a brick house on a corner lot in a pleasant neighborhood with easy access to 405 without the noise! As the owner of this home, you’ll enjoy new kitchen cabinets, tile floors, counters and appliances. This home has new carpet and a freshly painted interior that has been finished with new molding throughout. The bathroom has been fully remodeled and the yard has been landscaped and upgraded with a new fence. There is RV parking and an enclosed one car garage with shop space.

http://www.davidjedwards.com/featured-listings.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=13492
Video on YouTube: http://www.youtube.com/watch?v=tY6dVpu4Opc

Please do not hesitate to contact me if you have any questions or wish to schedule a private showing.

Have a great day!

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Updated Real Estate Market Statistics (As of August 13th, 2007)

King County (Washington State)
Single Family Homes
Average Days on Market: 62 Days (Up from 61 Days Last Week)
Inventory of Active Listings: 9012 Active Listings (Up from 8808 Last Week)
Average List Price: $698,089 (Up from $689,459 Last Week)
Average Sale Price: $594,051 (Down from $791,424 Last Week)

Condominiums
Average Days on Market: 57 Days (Up from 56 Days Last Week)
Inventory of Active Listings: 3,071 Active Listings (Up from 3,028 Last Week)
Average List Price: $447,841 (Down from $450,327 Last Week)
Average Sale Price: $294,396 (Down from $376,255 Last Week)

Note: For King County only, stats are based on activity within the last seven days. They do not include manufactured homes or unfinished new construction. They do not include Cancelled Listings.

MLS Area 350 (Renton Highlands)
Single Family Homes
Average Days on Market: 79 Days (Up From 73 Days Last Week)
Inventory of Active Listings: 409 Active Listings (Up from 396 Last Week)
Average List Price: $504,861 (Down from $525,949 Last Week)
Average Sale Price: $474,239 (Up from $468,829 Last Week)

Condominiums
Average Days on Market: 36 Days (Down from 39 Days Last Week)
Inventory of Active Listings: 60 Active Listings (Up from 59 Last Week)
Average List Price: $243,009 (Down from $250,602 Last Week)
Average Sale Price: $238,611 (Down from $296,800 Last Week)

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 75 Days (Down from 77 Days Last Week)
Inventory of Active Listings: 476 Active Listings (Up from 465 Last Week)
Average List Price: $896,872 (Down from $993,137 Last Week)
Average Sale Price: $777,716 (Down from $958,452 Last Week)

Condominiums
Average Days on Market: 44 Days (Up from 47 Last Week)
Inventory of Active Listings: 116 Active Listings (Up from 108 Last Week)
Average List Price: $348,392 (Down from $354,212 Last Week)
Average Sale Price: $337,048 (Down from $366,800 Last Week)

If you are interested in statistical information for an area not covered here, please respond to this post to let me know 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.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Open House on August 12th, 2007 at 680 Dayton Ave NE, Renton WA 98056

On Sunday August, 12th 2007 from 1:00 PM to 4:00 PM, you are invited to an Open House at 680 Dayton Ave NE in Renton 98056.

Price Reduced! Now listed at $324,999!!!

If you are looking for a Single-family home in this area, don’t miss your rare opportunity to visit this magnificent property. For a preview of this Single-family property, check out my site at www.davidjedwards.com.

This fully remodeled charmer in the Renton Highlands boasts 3 beautiful bedrooms and 1 fully updated bathroom. It’s a brick house on a corner lot in a pleasant neighborhood with easy access to 405 without the noise! As the owner of this home, you’ll enjoy new kitchen cabinets, tile floors, counters and appliances. This home has new carpet and a freshly painted interior that has been finished with new molding throughout. The bathroom has been fully remodeled and the yard has been landscaped and upgraded with a new fence. There is RV parking and an enclosed one car garage with shop space. A 1 Year American Home Shield Home Warranty is included!

http://www.davidjedwards.com/featured-listings.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=13492
Video on YouTube: http://www.youtube.com/watch?v=tY6dVpu4Opc

Please do not hesitate to contact me if you have any questions or wish to schedule a private showing.

Have a great day!

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Housing prices defy logic, keep climbing

Elizabeth Rhodes is a business reporter for the Seattle Times. She published an interesting article in the Seattle Times this morning titled "Housing prices defy logic, keep climbing." You can access the story by clicking on the link below. After reading the article, feel free to weigh in with your own theories. My theory is below.

http://seattletimes.nwsource.com/html/businesstechnology/2003824885_homesales07.html

I agree with theory three. I have noticed that the inventory is slowly increasing but homes that are priced right and in good condition still sell under the average days on market (which is also increasing.)

Homes that are overpriced (even 5K) and/or have some sort of a problem, will sit there and eventually expire. An increase in expired listings skews the average days on market statistics and I think the increase in expired listings is due to the fact that some sellers are not really serious about selling.

The increase in inventory doesn't kick sellers out of the market, it simply gives buyers the upper hand for once.

There is a level of base activity that remains constant in any real estate market. The base is comprised of people who have to buy or sell due to lifestyle circumstances such as relocation for a new job, a lost job, a new family member, etc. The activity in this section of the market contributes a significant amount of stability.

During real estate booms and busts, it seems that a majority of the people who adjust their real estate related behavior are investors (because they have the luxury of being able to do so) and the fluctuation caused by that activity is what the media tends to focus on.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.

Updated Real Estate Market Statistics (As of August 6th, 2007)

King County (Washington State)
Single Family HomesAverage Days on Market: 61 Days (Up from 60 Days Last Week)Inventory of Active Listings: 8808 Active Listings (Down from 8810 Last Week)
Average List Price: $689,459 (Down from $701,296 Last Week)
Average Sale Price: $601,689 (Down from $791,424 Last Week)

Days on Market: 56 Days (Up from 56 Days Last Week)
Inventory of Active Listings: 3,028 Active Listings (Up from 3,000 Last Week)
Average List Price: $450,327 (Down from $450,524 Last Week)
Average Sale Price: $376,255 (Up from $350,028 Last Week)
Note: For King County only, stats are based on activity within the last seven days. They do not include manufactured homes or unfinished new construction. They do not include Cancelled Listings.

MLS Area 350 (Renton Highlands)
Single Family Homes
Average Days on Market: 73 Days (Up From 78 Days Last Week)
Inventory of Active Listings: 396 Active Listings (Down from 398 Last Week)
Average List Price: $525,949 (Up from $500,894 Last Week)
Average Sale Price: $468,829 (Down from $472,962 Last Week)

Condominiums
Average Days on Market: 39 Days (Up from 35 Days Last Week)
Inventory of Active Listings: 59 Active Listings (Up from 51 Last Week)
Average List Price: $250,602 (Up from $243,662 Last Week)
Average Sale Price: $296,800 (Up from $237,550 Last Week)

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 77 Days (Up from 75 Days Last Week)
Inventory of Active Listings: 465 Active Listings (Down from 487 Last Week)
Average List Price: $993,137 (Up from $896,833 Last Week)
Average Sale Price: $958,452 (Up from $769,599 Last Week)

Condominiums
Average Days on Market: 47 Days (Up from 44 Last Week)
Inventory of Active Listings: 108 Active Listings (No change from Last Week)
Average List Price: $354,212 (Up from $350,653 Last Week)
Average Sale Price: $366,800 (Up from $334,861 Last Week)

If you are interested in statistical information for an area not covered here, please respond to this post to let me know 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.

I generated these statistics using the Northwest Multiple Listing Service. These statistics were not compiled or published by the Northwest Multiple Listing Service.

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 in Washington’s Renton Highlands, Newcastle and South Bellevue.