Trilogy at Redmond Ridge Market Report – November & December 2015, Redmond WA Real Estate

A Quick Rundown For November & December 2015

The Elephant works very hard 10 months of the year and rejuvenates during the very quiet months of November and December. Typically, we send out a report anyway but there’s usually not much to talk about other than the previous months’ contracts trickling their way through the county recording office. This year, we truly closed the laptop, fired up the RV and traveled our beautiful homeland. Our batteries are charged and we’re raring to go in 2016. Catching up, here’s how the last two months of 2015 panned out.

November 2015 Sales (Closings)

At month end, November held seven “Pending” sales in Escrow and, as prognosticated, there were just five homes available for sale.

Model Original Price Asking Price when Sold Sale Price Days on Market
Washington $529,000 $519,000 $514,000 99
Madison $539,000 $529,000 $525,000 33
Bainbridge $699,000 $699,000 $699,000 3
Hemlock $749,950 $749,950 $755,000 1
Redford $879,000 $879,000 $864,500 8

Homes in Bold & Green; the Elephant’s Work representing Sellers.

December 2015 Sales (Closings)

Model Original Price Asking Price when Sold Sale Price Days on Market
Chelan $339,557 $339,557 $339,000 91
Townsend $415,000 $415,000 $417,000 10
Discovery $525,000 $512,000 $505,000 23
Washington $555,000 $559,000 $554,000 49
Whidbey $625,000 $625,000 $610,000 27
Maple $859,000 $859,000 $852,000 4

Here’s the Year’s Breakdown By Month

  Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
$old 6 5 6 9 13 8 10 5 14 11 5 6
Pending 4 8 14 15 12 11 13 18 12 9 7 3
Active 15 15 14 9 8 11 5 4 5 6 5 2

The Match-Tic

Low YTD High YTD Prior Month December
26 41 27 15

The total amount of all Northwest Multiple Listing statuses measured 15 at year end. Status may include Active (Homes currently available for sale), Pending Inspection (Homes under contract but still in the home inspection process), Pending (Homes that have worked through the inspection process successfully), Sold (Homes that have closed escrow), Contingent (Sold homes that are contingent upon the buyer selling their own home) and TOMK or BOMK (Homes that are either
Temporarily Off Market or Back on Market after being temporarily unavailable.)