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Jan. 2, 2015 - 2015 Home Prices in Redmond Washington

 Home Prices in Redmond Washington 98052 (vs 98053)

Quick Facts based on prior 365 days and year end 2014 price start point for 2015.

1,018 people bought a home in Redmond 98052

404 of them bought a condo and 614 of them bought a house. 

The median price of a single family home in Redmond 98052

is $660,000

Of the 404 condos sold, 200 were one level condos and 204 were townhome style condos.

The median price of a one level condo in Redmond 98052

is $223,000

The median price of a townhome style condo in Redmond 98052

is $428,000

236 of the 404 Single Family Homes sold were less than ten years old.

The median price of a SFH less than 10 years old in Redmond 98052 is $791,000

The median price of a SFH more than 10 years old Redmond 98052

is $573,000

********

98053 Redmond vs 98052 Redmond is a secondary market much like Sammamish and Bothell vs Kirkland, parts of Bellevue and Redmond 98052.

491 homes sold in 98053 of which 433 were single family homes.

Historically people would purchase a bit far out in the 98053 vs 98052 zip code to get a lot more land with their home than they would in 98052. 166 of the 433 homes sold fit that description with lot sizes of 15,000 sf or more and a median price of $715,000.

ONLY 19 of the homes sold in 98053 with lots that are 15,000 sf or more were less than 10 years old, and those sold for a median price of $900,000. 

The trend to go to 98053 to get a NEW house on a small lot is relatively new, and the question is will the prices they pay to go that far to get NEW hold when they try to sell that house as NOT new.


Quite a bit of in between here, much like Sammamish, but mostly I say if you are going out a bit from Redmond 98052 then put closer in Sammamish in the mix along with 98053 before making any permanent decisions between the two. Sometimes an almost new in Sammamish is better than a brand new in 98053 and often most any age 98052 is better than new in 98053. Not always, but worth taking the time to compare the options with a high degree of due diligence before buying.

 (Required Disclosure: Stats in this post are not compiled, published or verified by The Northwest Multiple Listing Service NWMLS. They are hand compiled by Ardell DellaLoggia as she was writing the post in real time.)

 

 

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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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