Dec. 14, 2008 - Redmond condos & townhomes 98052

Only a 5.7 month supply of townhomes in Redmond 98052 - not even a buyer's market

4th in the series "Every Picture Tells a Story, Don't It?" -  Redmond 98052 - condos.

For an easy at-a-glance visual of the 'Christmas Balls" in the next 4 posts, think of it this way.  The more red you see, vs green and blue, the more of a buyer's market it is.   I'll do a wrap up commentary on RCG when I'm finished all of this weeks stats posts, and take the link back to HERE.

The red segments represent Condos For Sale (69) and Townhomes for sale (52). For the key code, you need to read the segments clockwise from the top, or simply refer to the explanation below the graph.

Rather than breaking into 3rds as I did in other markets below, I'm simply separating condos into 1 story condos and townhomes, separately. You don't need to go any further than that in Redmond 98052 condo market, as very, very few townhomes are priced under $350,000 or over $500,000.  Townhomes ARE condos in Redmond vs. Seattle, but deserve their own classification here in the stats.

All blue segments represent Pending Sales

All green segments represent Closed in the last 90 days

Remember Remember, the green sold portion is 90 days of sales.   The pending is currently pending regardless of when the property went into contract.  Let's assume all pendings are not going to close and use 1/3 of the green portion for calculating Absorption Rate of current inventory (red segments)

Condos overall, including townhomes,  are at a 6.7 month supply at 121 divided by (54 divided by 3) = 6.7

Townhomes at only 5.7 months 52 divided by (27 divided by 3) - 5.7

Same number of one floor condos sold in the last 90 days, but more for sale, so 7.6 month supply.

Still...for this market...not bad at all.

If you are a seller who needs to sell something...you can't get much better than needing to sell a Redmond Townhome.  .

(required disclosure) All Redmond 98052 Condo stats hand compiled by ARDELL and not compiled, published or verified by NWMLS.