The Good, the Bad and the....wait, it's not sooooo Ugly. Here is a market comparison between January 2007 Activity and the first month of the 2008 market:

NUMBER OF SALES

      • 2007 Number Sold: 36   
      • 2008 Number Sold: 21
        • Number of Sales Down 41%

 

 AVERAGE PRICE

      •  2007 Average Price: $439,543
      • 2008 Average Price: $407,178
        • Prices Down 7.4% on Average

 

 MARKET TIME

      • 2007 Average Days on Market: 86
      • 2008 Average Days on Market: 139 
        • Market Time up 61% on Average

But the good news is that there are currently 56 listings in the immediate Maple Valley Market area which are either under contract "Subject to Inspection" or are Pending in Escrow since January 1 and not reflected in the numbers above. The majority of these are priced under 400,000. This is good news to Seller in higher priced homes who have been waiting for the  "move-up" buyer to gain liquidity.  

 

 

Colleen Fischesser is the Broker/Owner of RE/MAX Select in Maple Valley Washington. She has been successfully marketing and selling Residential properties in King and Pierce Counties since 1990, but specializes in the Maple Valley area.