During the month of January there were 60 homes (residential excludes condos) that sold in Kent, Washington. These homes all have the city listed as Kent which would include areas of unincorporated King County. Any of the homes out in Covington that are not in the Covington City limits will be reported in the Kent market data. If you would like to see stats for an individual neighborhood just fill out the form below and we can get the information to you. These Kent WA homes actually had a transfer of home ownership. Contracts complete and lender funds available for the home buyer. The seller signed all of their documents and escrow prepared the closing packages for all parties. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the King County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Kent Washington.
Let’s look at those 60 Kent homes -
Kent WA January Homes Sold 2012
| Total number of Homes Sold | 60 |
| Median Original List Price | $244,075 |
| Median List Price | $235,000 |
| Median Selling Price | $233,500 |
| Cumulative days on Market | 87 |
| Days on Market | 66 |
Not a bad time to purchase a home in Kent, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the King County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
Originally Posted at: Homefront Realty
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”
Welcome to the year 2012! I am calling a Buyer's market in Kent WA. It's all about supply and demand with any type of product and a house is no different. Currently in Kent WA there are 407 homes on the market, 67 homes pending their inspection and 157 homes that are pending having already had their inspections. These 67 homes will most likely close and ownership transfer in the next 30-90 days. In January 43 of those 157 went pending with 9 pending inspection and 12 pending SS. There are a total of 69 homes currently in the SS pending status. These homes are waiting for the underlying lien holder to approve the short sale price submitted. 
