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Sep. 28, 2011 - Redmond - Lower # of Foreclosures = Stronger Market

If you are looking at stats for "King County Prices" in 2011, you need to ask "Which part of King County?"

In Redmond 2011 Year to Date, 86% of all sales were NOT Bank Owned or Short Sales.

In Federal Way, only 42% of all sales were not bank owned or short sales.

That is not a huge change for Redmond. But it is a huge change for Federal Way from 2010. Maybe the remaining months of 2011 will settle things out a bit?

How is all that impacting prices? As to median price, that puts Federal Way back in 2001 to 2002 pricing while Redmond is still sitting at 2005 pricing.

BUT a lot of that has to do with the fact that so many of the homes sold in Redmond in 2010 and 2011 did not even exist in 2001. 

More on that in the graphs in the next post.


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

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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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