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Jan. 12, 2014 - Selling a Home in Redmond Washington

Redmond Washington has two Zip Codes: 98052 and 98053. But unlike Kirkland which has more overlap for home buyers and home sellers between its two zip codes of 98033 and 98034, Redmond overlaps more with Bellevue than the further out Redmond Zip Code of 98053.

Redmond Real Estate is a lot easier than Kirkland Real Estate that required many graphs and two posts because of huge neighborhood price variances somewhat attributable to close into town and water access and/or water and mountain views. Redmond is a more cohesive market with less variance from high to low than Kirkland. 

I don't include 98053 with 98052 as that market is temporarily shifting due to new construction, but the sustainability in 98053 without a large vs small lot is clearly up in the air going forward when those homes come on market as resale homes.

For 98052 it is pretty simple...we can just use the Pie Chart for the three price tiers for this one.

In Redmond the only real issue as to pricing is Newer home or Older home. Big lot or Small lot. Busy Road or other nuisance issues or Prime location. The only big issue here is ranking of the Elementary School, and that alters the norm as to close in or not differently than Kirkland where the best schools are close in.

Basically Redmond operates like a suburb...cohesive...not a lot of major pitfalls that you can't readily see with your eyes or know by doing a little homework on the internet.

I'm not going to do an Absorption Rate Graph for Redmond. For those who need a review on what that is please read this morning's posts HERE, HERE and HERE if you haven't already done so.

The News for 2014 as to Low Inventory is pretty repetitive here without a huge glut in the high end like Kirkland because frankly, Redmond doesn't have a "high end". There is almost no inventory PERIOD until you get over $708,000 and even then there are very, very few homes who are priced out of the market altogether for Redmond at over a million dollars. A few of those will be with reason the same as I noted regarding Holme's Point and Goat Hill earlier today.

No big news for Redmond going into 2014 except finding a new construction house comes with severe constraints and potential financial peril, and you need to be VERY CAREFUL if you are buying NEW vs NEWer in Redmond. Complicated to explain in a blog why that is, but it's fairly apparent if you are out home shopping and are a fairly savvy home buyer.


(Required Disclosure: Stats in this post are not compiled, verified or published by The Northwest Multiple Listing Service NWMLS The MLS)

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Jul. 21, 2015 - RE: Selling a Home in Redmond Washington

Posted by Hamid Grinage

 I sell real estate in Oakland and we are also seeing low inventory and it is definitely impacting the market. We don't have much new construction because there isn't a lot of available land.

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ARDELL DellaLoggia of Sound Realty on Seattle Real Estate process and market including Kirkland, Bellevue, Redmond, Green Lake and most areas around the top of Lake Washington North of Downtown Seattle. Phone: 206-910-1000 - Mailto:ARDELLd@gmail.com

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