Updated Renton Real Estate, Newcastle Real Estate & South Bellevue Real Estate Market Statistics (As of December 17th, 2007)

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

Single Family Homes

Average Days on Market: 93 Days (Up from 91 Last Week)

Inventory of Active Listings: 434 (Down from 444 Last Week)

Inventory of Sold Listings: 441 (Down from 457 Last Week)

73.5 listings are absorbed by demand each month on average. (Down from 76.14 as of Last Week)

5.90 Months Worth of Supply (Up from 5.83 as of Last Week)

Average List Price: $888,778 (Up from $886,919 Last Week)

Average Sale Price: $769,341 (Up from $768,698 Last Week) - Up six weeks in a row.

Condominiums

Average Days on Market: 56 Days (Up from 55 Last Week)

Inventory of Active Listings: 110 Active Listings (Down from 111 from Last Week)

Inventory of Sold Listings: 212 (Down from 218 Last Week)

35.33 listings are absorbed by demand each month on average. (Down from 36.33 as of Last Week)

3.11 Months Worth of Supply (Up from 3.05 Last Week)

Average List Price: $337,240 (Down from $337,261 Last Week)

Average Sale Price: $321,693 (Up from $320,599 Last Week)

MLS Area 350 (Northeast Renton / Renton Highlands, Briarwood)

Single Family Homes

Average Days on Market: 92 Days (Up from 90 Last Week)

Inventory of Active Listings: 420 Active Listings (Down from 436 Last Week)

Inventory of Sold Listings: 416 (Down from 434 Last Week)

69.33 listings are absorbed by demand each month on average. (Down from 72.33 as of Last Week)

6.05 Months Worth of Supply (Up from 6.03 Last Week)

Average List Price: $543,411 (Up from $541,950 Last Week)

Average Sale Price: $459,323 (Down from $459,661 Last Week)

Condominiums

Average Days on Market: 61 Days (Up from 60 Last Week)

Inventory of Active Listings: 69 Active Listings (Up from 67 last week)

Inventory of Sold Listings: 78 (No Change from 84 Last Week)

13 listings are absorbed by demand each month on average. (Down from 14 as of Last Week)5.30 Months Worth of Supply (Up from 5.15 Last Week)

Average List Price: $252,917 (Down from $254,221 Last Week)

Average Sale Price: $227,449 (Down from $229,040 Last Week)

MLS Area 340 (Southeast Renton / Benson Hill, Fairwood)

Single Family Homes

Average Days on Market: 80 Days (Up from 78 Last Week)

Inventory of Active Listings: 350 Active Listings (Down from 354 Last Week)

Inventory of Sold Listings: 341 (Down from 351 Last Week)

56.83 listings are absorbed by demand each month on average. (Down from 58.5 as of Last Week)

6.15 Months Worth of Supply (Up from 6.05 Last Week)

Average List Price: $430,503 (Down from $432,213 Last Week)

Average Sale Price: $394,045 (Down from $396,115 Last Week)

Condominiums

Average Days on Market: 61 Days (Up from 58 Last Week)

Inventory of Active Listings: 89 Active Listings (Down from 91 Last Week)

Inventory of Sold Listings: 117 (Down from 121 Last Week)

19.5 listings are absorbed by demand each month on average. (Down from 20.16 as of Last Week)

4.56 Months Worth of Supply (Up from 4.51 Last Week)

Average List Price: $245,252 Up from $244,960 Last Week) - Up four weeks in a row.

Average Sale Price: $236,200 (Down from $237,896 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 http://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 EdwardsREALTOR®Keller Williams Realty Southeast SoundPhone: 425-890-8045E-Mail: david@davidjedwards.comWebsite: 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.