Federal Way, WA

Come visit this Open House in Federal Way, Washington! This Open House is part of the John L. Scott, First Time Home Buyer's "Affordable Home Tour" ...more dates and more homes to follow! If you are thinking of buying and are looking in the $350K and under pricing, this is your opportunity to view wonderful homes that are affordably priced.

Looking to sell your home? Please call me at 206-679-4768 so we can get your home staged, listed, and on the tour!

Federal Way, WA Open House - 3 Bedroom Close to BPA Trail! Saturday 6/13/2009 1-4 PM

Location: Federal Way, WA

First Time Hone Buyers $8000 Tax Credit! Live next to the Bonneville Trail in Federal Way! $15K price reduction! Your chance to enjoy 1/3 of an acre & have an updated home. This home features: 4 bedrooms, 2.25 baths, a bonus rm, laminate flooring, stainless steel appliances, new kitchen cabinets & countertops, ceramic tile fl, newer carpet & updated bathrms. This is the summer you will enjoy the outdoors...spacious front yard & beautifully landscaped side & backyard are ready for your enjoyment. RV/Boat/Extra parking alongside home. All this... right next to the BPA trail! And only minutes from the freeway. MLS #29070009 Listing Agent: Lanae Miller, Brokerage: John L.Scott Federal Way.

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Contact Information

Julianna Hind

juliannahind@johnlscott.com

206-679-4768

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Pricing

Price: $300,000.00

Property Location

801 S 327th St.
Federal Way, WA 98003
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Features

Bedrooms: 3

Bathrooms: 2.25

Year Built: 1995

Lot Size: 14960

Garage Size: 2

School District: Federal Way

Square Footage: 1700 (buyer to verify)

Broker: John L. Scott Federal Way

MLS #: 29070009

Exterior Amenities

RV/Boat Parking

Beautifully Landscaped

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VFLYER ID: 2568743

Julianna Hind, Realtor(R)

Federal Way home sales for April 2009 were quite healthy! In April, 41 home sales closed. Of these 41 Federal Way, WA homes 31 homes were priced under $300,000, six were priced at $300,000 to $400,000, three were priced from $400,000 to $500,000 and one sold above $500,000.

Sale prices ranged from $72,900 to $565,000 with the average being $266,813.

Days on market ranged from 0 days (new construction presales) to 834 days with the average being 131 days. There were 11 homes that sold in under 30 days (only two of those were new construction).

Price per square foot ranged from $50.63 to $235.00 with the average being $139.28.

Square footage ranged from 840 to 3,215 with the average being 1960.

The sales price vs. the list price ratio ranged from 78.72% to 104.68%. And on average these homes sold for 93.93% of list price. Interestingly the home that sold for 104.68% of the list price was a home that sold in 14 days. With the exception of two homes all homes that sold in under 30 days sold at full list price or above.

If you would like more information on Federal Way home sales statistics or current Federal Way homes for sale, please feel free to contact Debi Braulik at 206-949-4785 or email me.

According to my search in the MLS database,for February 2009, 40 of the 50 new sales contracts accepted on homes in Federal Way happened in the last 2 weeks - hopefully this is not just a flash in the pan, but we'll take every bright spot we can find in this real estate market!

Current Inventory of Homes for Sale total 349 and are priced from a low of $85,405 to a high of $1,340,000 - and a median price of $299,950.

Sales Pending currently total 103, from a low of $75,000 to a high of $685,000 and the median price of $259,000. These homes averaged 73 days on the market before a sale.

February Closed Sales totaled 23, low $152,400 to high of $621,000, and median at $270,000. The total closed is virtually unchanged from January (21) So based on closed sales we are at a 15 month supply of homes.

Regarding foreclosure, short sales, bank owned and pre-foreclosure stats - 28% of actives, 31% of pendings and 35% of solds fall into these categories.

Hopefully the increased activity over the last 2 weeks will be gaining momentum with the buyer tax credit and other government actions taken recently, and being clarified. I'll keep you posted!

As I listen to a soft, calming, Mozart serenade and study the latest numbers on Federal Way real estate - I almost choke on my own gasping! In the last month (Oct 31 to Nov 30) there has been a 21% drop in the average sale price (from $365,000 down to $290,000) and a 52% drop in the actual number of homes sold. At this rate we have gone from an 8 month supply of homes on the market to 14.8 months. These numbers are for new and resale single family homes as a group. Pretty bad for sellers who need to sell -

But, if you are a buyer, with solid credit and job stability, This Is Your Golden Opportunity - no kidding. YOU HAVE THE BEST BUYING POWER IN YEARS, MAYBE A COUPLE DECADES EVEN. Remember rates last week? Dipped under 5%, and if you were one of the smart ones who were all ready to lock, good for you! Don't worry, though, rates are still at a 5 yr best, and when you add the negotiating power you now have, with the low interest rates and current home prices, plus the unprecidented tax credit if you are a first time buyer, you are among the luckiest people to purchase a home NOW! YOU are sitting in command position to control your financial future responsibly.

Here are 2 Trendgraphix charts for Federal Way, and I can get them for other communities if you need them. Just call, send an email or leave a comment on this post below.