Archive for the ‘Home Sales Statistics-Newcastle’ Category
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Nov
09
Posted by Susan Moore
115 homes sold in October
- 13 residential average sales price- $595,885 ~ Average days on the market - 167 (3 of them were over 400 days)
- 2 condominiums average sales price- $210,000 ~ Average days on the market - 117
Pendings: 31; 26 residential, 5 condominium
Currently there are 83 listings on the market, 62 residential, and 21 condominiums
** An note of interest: in searching for a personal client I found that there are currently only 6 listings in the $300K range for Newcastle. When I added the Issaquah School District criteria, there is only one home at $399K. The rest of the 24 listings start at $649K and upwards. The great news is that most of the short sale/forclosure inventory has been getting soaked up in the past two months.
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Nov
06
Posted by Susan Moore
Inventory has shrunk 20 percent since twelve months ago according to Today’s News Release by the NW Multiple Listing Service.
“Brokers added 9,344 new listings of single family homes and condominiums to inventory during October, the fewest number since December 2008 when the area was experiencing record snow accumulations. At month end, there were 38,159 active listings in the NWMLS database, a drop of 17.4 percent from the same month a year ago. At that time, the inventory included 46,189 residences.
For the four-county Puget Sound area (King, Snohomish, Pierce and Kitsap), inventory has shrunk 20 percent since twelve months ago. “
Numbers are even greater in Newcastle!
October 2009 – 84 listings on the market - 32% less than last year !
September 2009 – 99 listings on the market- 38% less than last year !
August 2009 – 116 listings on the market
July 2009 – 124 homes on the market
Last Year at This Time:
October 2008 – 136 listings on the market
September 2008 – 145 listings on the market
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Oct
11
Posted by Susan Moore
10 homes sold in September
- 8 residential average sales price- $735,500
- 2 condominiums average sales price- $361,000
Pendings: 11 residential 5 condominium
Currently there are 99 listings on the market, 76 residential, and 23 condominiums
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Sep
07
Posted by Susan Moore
9 residential homes sold in August
Pendings: 11 residential 4 condominium
Currently there are 116 listings on the market, 81 residential, and 35 condominiums
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Aug
04
Posted by Susan Moore
July 2009 currently shows 11 home sales closed and 2 condos in Newcastle WA. Those figures may still be updated.
Average residential home sales price of $657,977; 3349 sq ft and $204 per sq ft.
$743,768 was the average original list price. Average Days On The Market was 204.
These homes sold at 89% of original list price and 93% of current list price.
Currently, there are 124 homes on the market in Newcastle; 96 residential and 28 condominiums.
In July, 8 residential homes went Pending and 0 condos.
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Jul
10
Posted by Susan Moore
These figures include both condominium and residential home sales.
Click on the graph for a larger view.
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Jul
02
Posted by Susan Moore
May 2009 showed us 13 sales closed in Newcastle, WA ~ 13 residential homes and 0 condos.
In June, 15 residential homes went Pending and 1 condo. Of those 16, 5 are short sales and 2 are bank owned.
3 of these 15 homes are between $1 – 1.5 Million
- Average Square Feet: 3836
- Average Price Per Square Foot: $202.74 sqft
- Average Days On The Market: 151
- Average List Price At Time Of Pending: $793,067
June 2009 currently shows 13 home sales closed. Those figures may still be updated. Average sales price of $635,398; 3250 sf and $202 per sq ft. $698,515 was the average original list price. These homes sold at 91% of original list price and 94% of current list price.
Currently, there are 116 homes on the market in Newcastle; 84 residential and 32 condominiums.
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Jun
06
Posted by Susan Moore
April 2009 showed us 13 sales closed in Newcastle, WA ~ 11 residential homes and 2 condos.
In May, 16 residential homes went Pending and 1 condo. Of those 16, 6 are short sales.
5 of these 16 homes are between $1 – 1.5 Million
- Average Square Feet: 3578
- Average Price Per Square Foot: $207.50.sqft
- Average Days On The Market: 107
- Average List Price At Time Of Pending: $782,447
May 2009 currently shows 13 home sales closed. Those figures may still be updated.
Currently, there are 120 homes on the market in Newcastle; 88 residential and 32 condominiums.
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Mar
26
Posted by Susan Moore
On March 8th, I reported that 19 sales had turned to pending sales in Newcastle since Feb 1st. In continuing to track those sale, 2 have since sold and 16 are still pending. There is a lot of national news that states that a majority of the housing pending sales are in the foreclosure market and have a very small closing ratio. The good news for Newcastle WA, is that of those 19 pending sales, all are moving forward toward closing, with the exception of only one. I will continue to track these sales to give you the best eye on our market.
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Mar
08
Posted by Susan Moore
Over the past months, Newcastle’s monthly home sales have ranged in the single digits. The month of February showed 4 home sales for Newcastle. But a bit a good news is that 19 homes went Pending in Newcastle since February 1st. Those close dates may range on the average anywhere from 30 -75 days but this is definitely a bit of good news for Newcastle homeowners. We have been struggling to compete with several unfortunate short sales and foreclosures. It’s tough to be angry about those, it’s a tough spot to be in to have to sell our home; at any price. Unfortunately those short sales are now our comparables though. Luckily for everyone, it looks like many of those homes, along with several others on the market from $300k to $1.3K are being snapped up by purchasers. Thanks to those folks who can still get a loan! And many thanks to the homeowners in Newcastle who are still continuing to sustain and increase their property values with upgrades, improvements and repairs. Hopefully this has been a temporary set back in property values and we’ll soon be on our way to a bit of recovery. More later this week on details of Home Loans and Home Equity loans in our areas.
