Numbers in red reflect last week’s totals.

New listings: 4 (2) one new listing is actually a home that has been re-listed

Active Listings:    24(21)

Sold subject to inspection:  1(1)

Pending:  1(0)

Closed Sales:  1 (0) Original price-$979,000, sales price-$880,000

Number of Price Reductions:  3(1)
———————————–
Number of homes available:    24(22)

0-$349,999:   0(0)

$350,000-$499,999:   5(4)

$500,000-$749,999:    6(6)

$750,000-$999,999:   7(5)

$1,000,000- $1,499,999:   4(4)

$1,500,000- $2,999,999:   2(2)
———————————–
Average Price: $869,071 ($880,035)
Median Price:   $769,000 ($750,000)

Average Days on Market: 67 (68)

Highest Priced Listing: $1,825,000 (same)

Lowest Priced Listing: $435,000($435,000)

(data from NWMLS)

My analysis of this week’s real estate buzz:

 Another sale!  The home that received an offer was the least expensive in the neighborhood priced at $435,000.  It’s a 3 bedroom, one bath rambler located on the same block as the Extreme Makeover House. 

 I listed a town home today at the same price, $435,000, so this new listing is the best priced home in The Highlands.  Another new listing this week is priced at $440,000 and is a town home in Forbes Creek.  Other new listings were in the high $700′s and the low $800′s.  One contemporary home located off 112th  came back on the market after a $30,000 price reduction.  The other price reductions ranged from $20-40,000.

 Market time continues to hover around two months, which truly is more of an average market time in most parts of the world! 

The market will be more realistic through the end of the year, but after the first of the year, watch out.  I think the market will be moving along just fine.  Now is a great buying opportunity.