A Look at Sales in Lakeland Hills
I’ve always loved the Lakeland Hills area of Auburn, which technically straddles the King County / Auburn County borders and includes both Auburn and Sumner addresses. Perched above the Auburn valley, there are also some staggering views of the valley, southeast of Mt. Rainier, and east of the Cascade foothills. Much of Lakeland Hills is new(er) construction in a planned community with a variety of housing choices and prices, shopping, parks and entertainment. Here you’ll find apartments, condominiums (both attached and detached), along with single family homes. A large portion of the newest... [Read more...]
Auburn, WA: 2011–The Year That Was
The end of the year is a good time to take a look back and see how things shaped up. After all of the negative press, residential real estate sales in Auburn improved, both for the month of December 2011, and year over year compared to 2010. Here’s a quick look at the numbers: Who says the economy still not improving!? Compare the numbers from 2008! The next chart compares year end stats: I’m jazzed! Look at that nice up-tick in closed sales! So … what sold in Auburn in December? Traditional sales are creeping up in number …. a really good thing, but equally good... [Read more...]
Houses are Affordable in Maple Valley, WA!
Seattle is a gorgeous area, full of lakes, mountains, and lots of green spaces. Just to the east of Seattle, directly across Lake Washington, are Bellevue, Redmond, Kirkland and other communities, commonly referred to as Washington’s high-tech corridor. Microsoft, Google, Amazon, and a batch of other big tech name companies make their home in our Seattle and eastside areas. We love them to death … but they DO increase home prices in the area. However, just a few miles southeast of Bellevue lies Maple Valley. Those of us in the area, believe Maple Valley is the best Bellevue suburb!... [Read more...]
Maple Valley Summer Sales
Now that summer’s coming to a close (well at least on the calendar), I thought a wrap up of Maple Valley home sales activity might be due. For reporting purposes, I’ve only included transactions that post a mailing address of Maple Valley, which includes the largest hub of homes in the local Multiple Listing Service are that includes those short drives into Ravensdale & Hobart, along with Black Diamond and then waaay out into Kangley and east all the way to the mountains. Here’s how things looked over the summer: Of interest, especially, was the little 380 square foot cabin... [Read more...]
Springtime Sales in Auburn, WA
Spring in Auburn! I’m going to loosely define “Spring” as March 1st through today, June 15th– our period of incredible rainfall and cold weather. I know Summer doesn’t officially start for another week or so, but I’m calling it now … Here’s how I see it: A total of 333 Residential transactions closed, consisting of 276 single family homes 32 condominiums 25 manufactured homes. For Single Family Homes, the significant “averages” looked like this: 276 Single Family Homes $243,456 Sales Price 125 days Total days on market... [Read more...]
New Construction IS Selling in Auburn, Washington!
Sigh. The national newspapers are shouting from the rooftops about how crappy terrible new construction is selling. Another sensationalism report blowing things totally out of proportion. According to an Associated Press article quoted in my local Seattle Times, new home sales so far this year across the nation accounted for just 5% of all sales. Historically, they say, new home sales make up about 15% of all sales. Around my Auburn, Washington area home, I can count at least 10 new construction developments just starting up. Maybe more than ten if I give it a bit more thought. The point is, around... [Read more...]
Auburn, WA Market Snapshot – January 2011
In 2010, 734 homes in Auburn, Washington sold, with the assistance of real estate agents, for an average of $282,429 after being on the market for an average of 142 days, selling for 92.5% of the price at which the home was originally listed. Of the homes sold, 127 were reported as having been Bank or REO (real estate owned) properties. For clarification, REO properties could include those that are corporate owned, bank owned, HUD, Fannie Mae, or Freddie Mac properties. An additional 53 homes were reported as short sales. The information in this report and all charts... [Read more...]
December 2010 Auburn WA Home Listing Statistics
December 2010 Listings by Status, Price & Ownership Residential Properties with Auburn Addresses in King and Pierce Counties Statistics as of 1/3/2011 for Listings dated 12/1/2010-12/31-2010 Active Listings These properties were listed between December 1 and December 31, 2010 and have not yet sold. All Short Sales Bank/REO Price Range Quantity Average DOM* Quantity Average DOM* Quantity Average DOM* $50,000 thru $59,999 1 11 1 11 $70,000 thru $79,999 1 5 1 5 $80,000 thru $89,999 2 9 2 9 $100,000 thru $119,999 1 12 1 12 $120,000 thru $139,999 2 15 2 15 $140,000 thru $159,999 7 21 3 15 4 25 $160,000 thru $179,999 8 16 3 21 4 10 $180,000 thru $199,999 9 18 2 17 3 22 $200,000 thru $249,999 15 22 2 22 7 18 $250,000 thru $299,999 17 20 2 12 3 19 $300,000 thru $349,999 6 28 1 12 $350,000 thru $399,999 5 16 1 32 $500,000 thru $549,999 1 32 1 32 $550,000 thru $599,999 1 17 $650,000 thru $699,999 1 20 Totals 77 20 14 18 29 17 Summary... [Read more...]
Snapshot & More — Auburn Washington Real Estate
As we near the end of the year, it’s time to take another quick look at how the real estate market fairs in comparison to previous years. The usual disclaimer applies that this information is gathered by me from the Northwest Multiple Listing Service (NWMLS). So … as of today, November 10, 2010, here’s what the Auburn Real Estate Market reports for residential sales … all Auburn addresses both in King and Pierce Counties: We’re holding pretty close to previous months in that about 46% of closed sales are the result of distress situations, a bit higher than most... [Read more...]
Foreclosure Statistics – Auburn, WA
I was directed to a Web site this morning called Foreclosure Radar. Like most sites of this sort, its aim is to get real estate agents to subscribe to their service (for a fee) with referrals to be directed from the site back to the fee-paying agents. I typically avoid these sorts of things as fee-paid referrals up front can be a huge out-of-pocket expense with little or no return. However, Foreclosure Radar does offer some interesting charts and graphs for foreclosure data. Interesting enough that I thought I’d post them here and then watch the stats for a couple of months to see how they... [Read more...]
Auburn Sales Activity for August 2010
Just in time for the start of school, 55 sales closed with Auburn addresses during the month of August, 2010. Here’s the breakdown: Residential Sales are Single Family Homes, Manufactured homes are those within parks, not on private land. Of those closed 39 single family home sales, 14 were bank owned, while 6 more were short sales. A couple other interesting facts: Prices for single family homes ranged from a low of $112,500 to a high of $737,900 — and that high priced home had been on the market for a total of 728 days! Of the total 55 closed sales, 14 of them (25%!!) had... [Read more...]
Boring But Invaluable Real Estate Statistics for Auburn WA
Yeah, I know … stats are boring. Especially putting them together every month. But when helping a seller understand what they need to do to sell their house … or why they’ll likely get the price under discussion, or why a buyer could/should pay a particular price for a home, they’re invaluable. So here’s boring, but invaluable statistic #1: The average home price for homes that sold as of end of July 2010 is less than it was in July 2004: So here’s boring, but invaluable statistic #2: There’s typically a spike in accepted offers in March, followed by steady... [Read more...]
Want to Buy or Sell in Auburn, WA? Better Use an Experienced Short Sale Agent!
At a recent Short Sale and Foreclosure class, I observed that possibly over 70% of agents in the greater Seattle/Bellevue/Tacoma area have never handled a short sale or bank-owned (foreclosure) property on either the buyer or seller side. Now that may be okay in some areas of King County, but as you work your way south into the Auburn area and further into the north Pierce County area, you definitely need to be working with an agent who has Short Sale and Foreclosure experience. Here’s why: Although I run statistics frequently, I hadn’t actually compared different parts of the region... [Read more...]
Want to Sell Your House Fast?
Drop the price! The first two months of sales data in the greater Auburn, Washington tell the story perfectly — Want or Need to Sell Your Home Fast? — Drop The Price! Or at least price it within the range of those houses that are actually selling: Granted, this little chart only shows three months of home sale activity in the greater Auburn area, but it clearly reflects that homes sell faster when they are nearer the lower end of the pricing spectrum. Here you can see that the average home listing price is above $300,000, but the average price for home sales that actually closed (i.e.,... [Read more...]
What Sold in Auburn, WA in 2009?
Yes, homes and other properties DID sell in Auburn in 2009. From an agent’s standpoint, the business of real estate felt slower until Fall, then things started jumping like mad! I know from my own business that every single sale was a lot of work — always gratifying, but whew! The start of real estate in 2010 is moving right along! Just so you know … Days on Market is the number of days the property was Active; i.e., available for sale and not under any sort of a purchase contract. Sometimes, especially where short sales are involved, a property may go in and out of Active status,... [Read more...]
