Weekly Scorecard 8-10-09
We seem to be bumping along. The overall number of listings ticked up by to 284. This number seems to be fluctuating between 280 and 290. This week there were only three closed saled compared to the blowout of 21 last week. Also this week the closed sales came back to the more normal averages in terms of Price Per Sq. Ft. at $218 and the most expensive sale was $501,000 so the averages were back under $500,000 to $433,000. There were no expensive homes and this average looks more like a March number.
The big numbers this week were the pendings. Remember we only use the “Pending” category no “pending back Up” which ususally means a short sale or the other pending categories such as pedning inspection. Generally when a home goes pending the inspection and major review issues are done and it is waiting for the on the buyer’s financing to finish procesing and close. This week we had 11 Pendings a big increase from last week the averages were higher since only four homes were under $500,000. The per sq. ft. average was a whopping $276 and the average home sale price was $749,759. There were two homes over a $1,000,000; one was a waterfront on Lake Sammaish at a list price of $1,499,000.
In both the Pendings and the Solds there appear to be no short sales or bank owned inventory.