Real Estate Market Update For Renton & Kent Areas

Real Estate Market Activity (As of January 21st 2008)

Maple Valley/Black Diamond (MLS Area 320)

Single Family Homes
Months of Inventory: 13
Average Days On Market: 107 (up from 105)
Inventory of Active Listings: 439 (down from 444)
Average List Price: $469,542 (up from $463,547)
Average Sale Price: $389,170 (up from $353,443)

Condominiums
Months of Inventory: 4 (down from 7)
Average Days On Market: 83 (down from 85)
Inventory of Active Listings: 8 (up from 7)
Average List Price: $297,475(down from $303,544)
Average Sale Price: $260,250 (up from $229,500)

Kent (MLS 330)

Single Family Homes
Months of Inventory: 11 (down from 12)
Average Days on Market: 107 ( up from 106)
Inventory of Active Listings: 600 (down from 607)
Average List Price: $445,640 (down from $446,535)
Average Sale Price: $369,286 (down from $370,741)

Condominiums
Months of Inventory: 10.9 (up from 8.8)
Average Days on Market:77(down from 79)
Inventory of Active Listings: 143 (up from 141)
Average List Price: $241,532 (up from $239,471)
Average Sale Price: $209,835 (down from $210,723)

Renton/Benson Highlands (MLS Area 340)

Single Family Homes
Months of Inventory: 6.2 (down from 6.8)
Average Days on Market: 91(down from 92)
Inventory of Active Listings: 310 (up from 302)
Average List Price: $446,753 (up from $445,731)
Average Sale Price: $382,331 (down from $385,526)

Condominiums
Months of Inventory: 13.3 (down from 16)
Average Days on Market: 70 (down from 73)
Inventory of Active Listings: 80(down from 83)
Average List Price: $245,175 (down from $246,126)
Average Sale Price: $227,150 (up from $209,580)

Renton Highlands (MLS Area 350)

Single Family Homes
Months of Inventory: 10.5 (up from 9.7)
Average Days on Market: 105
Inventory of Active Listings: 390 (down from 398)
Average List Price: $619,184 (up from $614,333)
Average Sale Price:$492,501 (up from $477,311)

Condominiums
Months of Inventory: 9.1 (down from 9.8)
Average Days on Market: 65 (down from 69)
Inventory of Active Listings: 55 (down from 59)
Average List Price: $285,755 (up from $283,232)
Average Sale Price: $244,817 (down from $273,817)

If you would like some more information or statistics regarding an area not listed please either comment on this post or contact me at www.LetsMakeYourMove.net or via email at MeganCoughlin@kw.com .

This information is deemed reliable but 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.

Megan Coughlin
REALTOR®
Keller Williams Realty SES

Cell: 360.507.9305
Email: MeganCoughlin@kw.com
Website: www.LetsMakeYourMove.net
Blogsite: http://megancoughlin.featuredblog.com

"Let's Make Your Move!"

Megan Coughlin is a full time real estate agent and REALTOR® with Keller Williams Realty who specializes in Residential Real Estate for buyers and sellers in Washington's Renton, Kent and South King County.