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.