Redmond, WA

2011 Condo Market Report for Redmond, Washington

2011 Condo Market Report for Redmond, Washington

Real estate, the economy and politics was in the minds and conversations of most people last year. Now that 2011 is over we can accurately report activity, averages and trends in this 2011 Condo Market Report for Redmond, Washington.

Redmond real estate activity was sluggish but picking up based on the data available to the Phil Leng Team. We sold 68 homes in 2011, with an average market time of 49 days. Not in line with the overall market. Our client's success is based on our aggressive marketing and networking throughout the area, region and nation. To be sure, our clients properties are strategically placed where the prospective buyers are looking.

The overall statistics for Redmond are sobering. Look at the graph below. Sales are down significantly. Regardless, many condos were sold - the people with the "sold" units are happy campers. Green is good. The Red bar is the number of houses for sale in any given month, just sitting there. The Green bar is the number of houses sold in any given month. Happy people moving on with their lives. Which of these two categories would you want to be in? (Definitley a loaded question!) The Red category, or the Green category? The Phil Leng Team will help you go "Green", get your condo sold promptly, help you get on with your lives.


The trend of median sold prices in Redmond is down though not as dramatically as the national or state trends. Some areas have seen price drops up to 60%, so we are relatively insulated in our market. The median price in this 2011 Condo Market Report for Redmond, Washington has seen a 13% reduction through 2011.

The number of new properties going for sale every month has been down the last quarter of 2011, although the year-over-year has shown an increase. It looks like the trend of new listings in this 2011 Condo Market Report for Redmond, Washington is down the last quarter of last year, up 12% year-over-year. If you like your condo, and do not need to sell it in the next 5-10 years, why put it up for sale?


The Average Days on Market in Redmond appears to have dropped slightly. Again, this is a year-over-year comparison. Quarterly trends are quite different. The graph shows a 2% decrease in days on the market year-over. This could be a good time to buck the trend.

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Redmond Washington has gone down. The graph shows 68% year-over-year reduction. But I believe this is a real trend from this 2011 Condo Market Report for Redmond, Washington as those who do not really need to sell simply defer their plans until a later time.

If you are a serious seller and need to sell in Redmond, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.

All data for this 2011 Condo Market Report for Redmond, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.

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2 Bedroom Bank Owned Townhouse in Redmond Washington
2 Bedroom Bank Owned Townhouse in Redmond Washington

15927 NE 40th Wy #2A, Redmond 98052

This 2 Bedroom Bank Owned Townhouse in Redmond Washington is an attractive end unit townhouse. This 2 Bedroom Bank Owned Townhouse in Redmond Washington is conveniently located across the street from the main Microsoft campus! Walk to work! Save the car! This 2 Bedroom Bank Owned Townhouse in Redmond Washington is located in a neighborhood community of similar townhouses. This 2 Bedroom Bank Owned Townhouse in Redmond Washington is located on a quiet and peaceful street. This is the perfect home for those who enjoy the outdoors! Enjoy a day at nearby, Marymoor Park (one of the Eastside’s finest!).

This 2 Bedroom Bank Owned Townhouse in Redmond Washington feels cozy and welcoming from the moment you walk in the front door! The entryway of this 2 Bedroom Bank Owned Townhouse in Redmond Washington leads to the shared living space, while a stairway leads to the bedrooms.

Spacious and cozy, you will love the family room of this 2 Bedroom Bank Owned Townhouse in Redmond Washington. The family room is located on the main level and is just off the entryway. The family room of this 2 Bedroom Bank Owned Townhouse in Redmond Washington boasts an elegant tiled fireplace.

Also on the main floor of this 2 Bedroom Bank Owned Townhouse in Redmond Washington is the kitchen. The kitchen has ample preparation and work space for making the perfect meal! In addition to the counter space, the kitchen also has a wonderful amount of storage space. The kitchen in this 2 Bedroom Bank Owned Townhouse in Redmond Washington has a an open bar-eating counter.This eating counter separates the kitchen from the dining space. The dining room of this 2 Bedroom Bank Owned Townhouse in Redmond Washington features sliding doors to the beautiful, landscaped yard!

After a hard day of work, retreat to the upstairs of this 2 Bedroom Bank Owned Townhouse in Redmond Washington. The master bedroom is spacious and includes a nice sized closet with built in shelving and organizers. Can’t stand a cramped bathroom? The master bathroom of this 2 Bedroom Bank Owned Townhouse in Redmond Washington has plenty of space for getting ready in the morning!

This 2 Bedroom Bank Owned Townhouse in Redmond Washington is truly terrific! For more information regarding this 2 Bedroom Bank Owned Townhouse in Redmond Washington, please call The Phil Leng Team at 206-409-6600.

Attractive and Conveniently located Townhouse in Redmond, WA

Attractive and Conveniently located Townhouse in Redmond, WA

15927 NE 40th Way #2A Redmond, WA 98052

$189,900

This end unit townhouse is located in a wonderful community in Redmond. This attractive and conveniently located townhouse in Redmond, WA is situated across the street from the main Microsoft campus. Forget a long commute into the office! Walk to work. This townhouse is also close to one of the Eastside’s best parks, Marymoor Park. Marymoor Park offers walking / bike trails, picnic areas, ball fields, playground facilities, and more! You are also sure to enjoy the shopping and restaurants of nearby Redmond Town Center.

This attractive and conveniently located townhouse in Redmond, WA is cozy and the perfect retreat after a busy day. This end unit has a wonderful yard and is equally charming on the inside! Stroll though the short entry way into a lovely kitchen. The kitchen has a nice amount of workspace for preparing meals. A high ledge separates the kitchen space from a nice dining room. The dining room features sliding doors that open out to the backyard. Enjoy the peaceful scenery while you enjoy a home cooked meal! Enjoy relaxing in a spacious family room. The family room boasts a charming fireplace. Spend the night in, relax in the family room with a movie in front of a beautiful fireplace.

Go upstairs in this attractive and conveniently located townhouse in Redmond, WA and you will be greeted by two spacious bedrooms. One of the bedrooms offers a nice organization unit. Say goodbye to a messy, disorganized closet! The bathroom features plenty of counter space, making getting ready in the morning, a breeze! The unit also features a nice laundry room with shelving. This attractive and conveniently located townhouse in Redmond, WA offers a one car garage, which also has some shelving.

Who wouldn’t want to live in this cozy retreat? For more information regarding this attractive and conveniently located townhouse in Redmond, WA please call The Phil Leng Team at 206-409-6600.

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