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.