10 homes $old during July in Trilogy at Redmond Ridge (up 3 from June)
Ten Trilogy at Redmond Ridge homes closed escrow in July. The average price was $478,440, down from June when the $532,771 average included three high-dollar sales.
The ten sales, in Trilogy at Redmond Ridge, included two Townsend floor plans and one each of Discovery, Washington, Madison, Union, Hemlock, Oakwood, Monticello and Maryhill models. The average time on the market was 134 days, just about half the time of the 255 days for sales in June.
The major reason for the significant time-on-market reduction was a very low inventory. Buyers were making offers on long-standing listings and as new inventory came on, it sold quickly. Sometimes to really understand a market it’s worth juggling some statistics. So, if we eliminate one sale which had been offered for more than a year and another for half a year, the average time with a “for sale” sign was only a month. One property sold in three days, others in less than three weeks. That’s the reality of the market.
There’s something else about the 10 sales in July in Trilogy at Redmond Ridge. Each was a resell.
There are reports suggesting a lot of new construction sales activity. Maybe. There’s no verification. Northwest Multiple Listing Service records show that this year there have been 38 resells in Trilogy at Redmond Ridge and King County tax records show that Shea has sold 20 new or spec houses.
Keep in mind that “sold” means money has been exchanged, keys delivered and the tax rolls show a new name as the property’s owner.
What’s coming up?
SIXTEEN resell homes went “pending” during the month of July. This is a repeat of June’s numbers and ensures a strong closing number for August.
Despite the sales promotion messages, buyers clearly are recognizing that the better values are resells where the punch lists have been completed, the potential has been demonstrated and lots already have street appeal.
Yes, the Designer homes – really spec houses – are ready for occupancy, but they still have those punch lists. Their potential is really more about resolving construction issues than just settling in. And it really doesn’t matter if it’s new or a resell, once in a house, everyone wants to add their own favorite colors and touches.
That’s all good news. The Trilogy at Redmond Ridge market is stronger with at least 16 possible closures in the next few weeks. Here are some positive statistics about those 16 properties:
- Average days on market, prior to mutual agreement – 57.
- Asking prices – half $250,000 to $439,000, the rest $579,000 to $825,000.
What is currently available in Trilogy at Redmond Ridge?
As August began, there were only 24 “active” homes for sale, 20 of them resells plus four “designer homes” that just linger and might linger longer unless Shea makes some dramatic concessions about their value. In other words, significant price cuts. Folks I’ve shown around Trilogy at Redmond Ridge, who also have looked at new construction, tell me that those particular home sites just don’t compare with the resells.
What are your “Ground Up” options?
Shea’s announcements and the developer’s own numbers show one new build sale in the last few weeks. That leaves them with 32 lots on which to build the 14 floor plans the company still offers. Its own promotional material says that “There is only one greenbelt home site left if you are looking for a Maple, Hemlock or Cedar…only one greenbelt home site left which will fit two of the three “Estate Collection” floor plans, the Monticello or the Maryhill.”
Shea is saying pickings are slim for good lots. Its two new plans brought up from California, Nice and Monaco, have large footprints and can fit only a few lots. Those who want to build from the ground up must quickly write a check pushing a million dollars if they want a greenbelt or golf course lot. Football season could be over by the time they move in.
Real Estate is up pretty much country-wide. It’s good in Western Washington, better on the East Side and best in Trilogy at Redmond Ridge where there are few resell homes available for buyers looking for good value for their money!
It’s a good time to sell. If you want to sell but want to spend a couple or three more months where you are, maybe just to make it easier to pick a new home and to make moving less stressful, I have a couple of suggestions.
Get your home on the market now. Get it ready to show. Preparation is crucial to getting full market value. Wait no longer. You likely will sell quickly and a good broker can almost always work out arrangements for you to move at your convenience. That’s part of the job, to make it convenient for seller, and buyer. These are arrangements I often make.
If there’s one thing I want you to remember, it is:
“THE GOOD HOMES GO EXTREMELY FAST.”
Any property on any real estate website could have been sold before you see it. This is very common. Trilogy at Redmond Ridge has some “pocket listings, “properties not “officially” on the market or being prepared for the market. It’s my job as a professional representing buyers and sellers to know about what is truly available. It’s keeping you a step ahead for your benefit. It’s also knowing exactly what to do, and getting it done, to be competitive and to arrange the circumstances of a transaction that best suits you.
That’s a wrap for July, thanks for joining in, and we’ll see you next month!
Devin Sanford & Team
Cellular and Text: 425.501.8424
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Find Your Next Home In Trilogy at Redmond Ridge. With 23 different models, which home in Trilogy at Redmond Ridge will you choose?
Angeles model in Trilogy at Redmond Ridge, Townsend model in Trilogy at Redmond Ridge, Discovery model in Trilogy at Redmond Ridge, Orchard model in Trilogy at Redmond Ridge, Madison model in Trilogy at Redmond Ridge, Chelan model in Trilogy at Redmond Ridge, Union model in Trilogy at Redmond Ridge, Sammamish model in Trilogy at Redmond Ridge, Washington model in Trilogy at Redmond Ridge, Vashon model in Trilogy at Redmond Ridge, Whidbey model in Trilogy at Redmond Ridge, Bainbridge model in Trilogy at Redmond Ridge, Vancouver model in Trilogy at Redmond Ridge, Hemlock model in Trilogy at Redmond Ridge, Cedar model in Trilogy at Redmond Ridge, Maple model in Trilogy at Redmond Ridge, Alder model in Trilogy at Redmond Ridge, Monticello model in Trilogy at Redmond Ridge, Oakwood model in Trilogy at Redmond Ridge, Redford model in in Trilogy at Redmond Ridge, Maryhill model in Trilogy at Redmond Ridge, Monaco model in Trilogy at Redmond Ridge, Nice model in Trilogy at Redmond Ridge.
The Angeles floor plan, Townsend floor plan, Discovery floor plan, Orchard floor plan, and Madison floor plan are all in the Trilogy at Redmond Ride Port Collection. The Chelan floor plan, Union floor plan, Sammamish floor plan and Washington floor plan are all in the Trilogy at Redmond Ride Lakes Collection. The Vashon floor plan, Whidbey floor plan, Bainbridge floor plan, Monaco floor plan, Nice floor plan, and Vancouver floor plan are all in the Trilogy at Redmond Ridge Island Collection. The Hemlock floor plan, Cedar floor plan, Maple floor plan and Alder floor plan are all in the Trilogy at Redmond Ridge Forest Collection. The Monticello floor plan, Oakwood floor plan, Redford floor plan, and Maryhill floor plan are all in the Trilogy at Redmond Ridge Estate Collection.