Numbers in red reflect last week’s totals.

New listings:  8(2) 

Active Listings:   30(27)

Sold subject to inspection:  2(0)

Pending:  1(1)

Closed Sales:  0 (0)

Number of Price Reductions:  1 (1)

Cancelled listings 1(0)
———————————–
Number of homes available:    30(27)

0-$349,999:   0(0)

$350,000-$499,999:   3(4)

$500,000-$749,999:    6(9)

$750,000-$999,999:   13(7)

$1,000,000- $1,499,999:   5(3)

$1,500,000- $2,999,999:   3(4)
———————————–
Average Price: $924,079 ($849,534)
Median Price:   $851,025 ($749,950)

Average Days on Market: 58(70)

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

Lowest Priced Listing: $460,000($460,000)

(data from NWMLS)

My analysis of this week’s real estate buzz:

The high number of new listings is reflected by a new construction neighborhood going online with several new listings at once.  These homes are in a new neighborhood  found at the east end of NE 95th St.  The homes in this neighborhood are built by Steve Jensen homes and range in price from the mid 800′s to just over $900,000. The homes range in size from 3200 to almost 3600 square feet.

Two homes received offers this past week.  One of the homes had been on the market for a 104 days and the other home was listed for 139 days. Another listing was cancelled and is now off the market.  The price point for the first sale was right under $500,000 and the other sale was priced in the low $500′s.

Because the new construction listings are priced over $850,000,  the average price range went up by quite a bit.  In addition, when 8 new listings come on the market at like this,  the average market time decreases, reflecting all these new listings that have only been marketed for a few days.

In the town home category, the best priced home is actually a free standing home and is priced at $435,000.  Two other town homes reduced their prices this past week.  One town home dropped the price from $458,000 down to $445,000.  The other, a newer duplex style home, was priced in the mid $700′s and was reduced to just below $700,000.

 Happy Halloween!