Updated Real Estate Market Statistics (As of September 4th, 2007)

King County (Washington State)
Single Family Homes
Average Days on Market: 67 Days (Up from 64 Days Last Week)
Inventory of Active Listings: 8951 Active Listings (Down from 9185 Last Week)
Average List Price: $692,499 (Down from $700,060 Last Week)
Average Sale Price: $576,768 (Down from $660,519 Last Week)

Condominiums
Average Days on Market: 63 Days (Up from 60 Days Last Week)
Inventory of Active Listings: 3139 Active Listings (Down from 3,173 Last Week)
Average List Price: $439,327 (Down from $446,52 Last Week)
Average Sale Price: $442,566 (Up from $317,642 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 (No Change from Last Week)
Inventory of Active Listings: 437 Active Listings (Down from 483 Last Week)
Average List Price: $505,439 (Down from $506,283 Last Week)
Average Sale Price: $469,699 (Down from $471,198 Last Week)

Condominiums
Average Days on Market: 37 Days (No Change from Last Week)
Inventory of Active Listings: 61 Active Listings (Down from 66 Last Week)
Average List Price: $237,832 (Down from $241,669 Last Week)
Average Sale Price: $238,788 (Up from $238,695 Last Week)

MLS Area 500 (Newcastle, Bellevue South of I-90 & Issaquah South of I-90)
Single Family Homes
Average Days on Market: 76 Days (Up from 75 Last Week)
Inventory of Active Listings: 495 (Up from 483 Active Listings Last Week)
Average List Price: $893,355 (Down from $894,983 Last Week)
Average Sale Price: $774,471 (Down from $779,233 Last Week)

Condominiums
Average Days on Market: 42 Days (Down from 44 from Last Week)
Inventory of Active Listings: 130 Active Listings (Up from 125 Last Week)
Average List Price: $342,172 (Down from $347,045 Last Week)
Average Sale Price: $338,097 (Up from $337,588 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.