Edgewood, WA

Edgewood, WA 2009 - How Did The Real Estate Market Fare? A Recap of home sales

From January 1^st to December 31^st 2009 there were 82 home sales in Edgewood. Which is pretty good for this small community outside of Tacoma,Washington.

To Recap 2009 - here are the averages-

The average square footage was 2356.

The average $ per square foot was $145.29.

The average days on market was 222 days. 23.17% of homes sold in 0-30 days, 17.07% sold in 31-60 days, 19.51% sold in 61-90 days, and 40.25% took longer than 90 days to get under contract.

The average original list price was $367,918.

The average list price at contract was $333,858.

The average sold price was $320,762.

The average sale price to list price percentage was 96.08%. If Edgewood homes were listed longer than 60 days the SP vs. LP percentage dropped to 95.25%. And dropped even more at 120+ days.

The least expensive sales price was $112,000 and the highest sales price was $626,500.

I've lived in South King County and North Pierce County my entire life and know the area pretty good. But I know the market even better! Are you selling your home and would like to know how today's real estate market affects you? Or are you thinking about taking advantage of historically low interest rates and houses priced at 2005 levels? Whether you are buying or selling in Edgewood, Washington or elsewhere in Pierce County - contact me today and let's get started. Please feel free to contact me via cell phone, text, or email. Debi Braulik at 206.949.4785 or deborah@kingpiercehomes.com. You can also follow me on Facebook- my id is DebiBraulik or via Twitter- my id is TacomaAgent.

Edgewood, WA December 2009 homes sales stats

In Edgewood, WA there were 8 home sales in the month of December 2009.

Here are the averages-

The average square footage was 2959.

The average $ per square foot was $102.15.

The average days on market is 172 days. There were three homes that sold under 30 days... the rest took over 60 days before they received an offer.

The average original list price was $347,338.

The average list price at contract was $299,731.

The average sold price was $286,875.

The average sale price to list price percentage was 95.71%. The homes that sat the longest on the market

The lowest sales price was $203,000 and the highest sales price was $375,000.

There are currently 45 active listings (homes on the market without contracts) in Edgewood. The minimum list price is $118,800 and the maximum list price is $859,500.

Based on the current active listings, if no new homes came on the market, it would take almost six months for the inventory to be absorbed which means it is still a buyers market in Edgewood.

If you are interested in the real estate market in Edgewood, WA or the surrounding areas, whether you are selling your home or buying a home, please feel free to contact me via cell phone, text, or email. Debi Braulik at 206.949.4785 or deborah@kingpiercehomes.com

Edgewood, WA had seven homes closed in October 2009.

Here are the averages-

The average square footage was 2081.

The average $ per square foot was $161.21.

The average days on market is 124.

The average original list price was $365,757.

The average list price at contract was $346,471.

The average sold price was $337,636.

The average sale price to list price percentage was 97.45%.

The lowest sales price was $113,500 and the highest sales price was $499,950.

Of the seven sales five were on the market less than 90 days! More evidence that home buyers in Edgewood, WA were poised to take advantage of great sales prices and great interest rates. And maybe even the $8,000 tax credit.

Currently there are 46 active listings (homes without sales contracts) in Edgewood. Based on that and the current absorption rate, if no new listings hit the market, there is over 6 months of inventory.

If you are interested in buying or selling a home in Edgewood, WA- please feel free to contact me via cell phone, text msg, email, facebook or twitter.

September and October were busy months in South King County and North Pierce County. I am finally able to catch up on posting stats.

Edgewood, WA had six homes closed in September 2009.

Here are the averages-

The average square footage was 2182.

The average $ per square foot was $145.88.

The average days on market is 276.

The average original list price was $384,168.

The average list price at contract was $313,835.

The average sold price was $306,167.

The average sale price to list price percentage was 97.56%.

The lowest sales price was $190,000 and the highest sales price was $360,000. Four of these sales in Edgewood were over $300,000 which is great news because for a long time the $300,000 price point was a kiss of death.

If you are looking to buy or sell a home in Edgewood, please feel free to contact me via cell phone, text msg, email, facebook or twitter.

Federal Way, Edgewood, Milton & Tacoma homebuyers can now use $8,000 immediately!

"Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment."

This is great news for people that haven't owned a home in 3 years or are first time home buyers in Federal Way, Edgewood, Milton and Tacoma!

The selection of available homes is at an all time high, interest rates are at an all time low, and home prices are at 2004 levels.

So if have been looking for a home in Federal Way, Edgewood, Milton or Tacoma, contact me. I'd be happy to help you take advantage of the government's $8,000 down payment.

For the complete article - click here for the Realtor.com article.