Maple Valley Market Review January '07 vs January '08
By Colleen Fischesser Northwest Property Shop, A Tradition of Trust in the Pacific NW since 1990!
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 SALES2007 Number Sold: 36 2008 Number Sold: 21Number of Sales Down 41% AVERAGE PRICE 2007 Average Price: $439,5432008 Average Price: $407,178Prices Down 7.4% on Average MARKET TIME2007 Average Days on Market: 862008 Average Days on Market: 139 Market Time up 61% on AverageBut 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 wai...