If 30 is the new 20- then $350k is the new $450k when looking at houses.
Renton Highlands is a neighborhood with the median sales price hovering around $350k. The neighborhood is holding steady with June Residential (No condos) numbers landing at-
56 Closed Sales
$360,725 Median Sales Price
Average Discount off of Last List Price- 5.45%
That compares to May numbers for the same neighborhood-
48 Closed Sales
$346,950 Median Sales Price
Average Discount off of Last List Price- 2.95%
Product is starting to flood the market as at the end of June there were 374 Active houses vs. 271 Actives at the end of May.
Davis Hsu © MVT Research- source- Northwest Multiple Listing Service
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