The Maple Valley real estate market is continuing to make a slow, steady recovery over the past few years. The market viewed from different home sizes does show different results. Some homes categories in the Maple Valley market actually showed a loss when June of 2015 is compared to June of 2014. The particular market chosen for this report were homes in Maple Valley, WA from 2,500 to 3,000 square feet. The prices for these homes ranged from $370,000 to $458,000. The market was further broken down from Homes For Sale, Homes Under Contract and Homes Sold.
In June 2014 the median price of Active Listings was $392,000 while in June 2015 the median price had risen to $454,000 a gain of just over 9%. During the same time span, the median price of Pending Sale Listings rose from $396,000 to $467,000 or a gain of almost 18%. The sold price of homes moved up from $420,000 to $458,000 - a gain of just over 9%. We brokers use Pending listing information to check the listing prices that are causing homes to sell as they are next month's Sold Listings. We use Active listings to see what the market competition is. It will be interesting to see in August, what the new sold pricing is.
Another metric that we brokers use to determine the health of a market is the average number of days a listing stays on the market before selling. In the MLS this is referred to as Cumulative Days On Market (CDOM).
If you would like to find out just how much your home is worth go to roger.thecascadeteam.com. From here, you can set up personal home searches for Black Diamond, Bonney Lake/Lake Tapps, Buckley, Enumclaw and Maple Valley. These are the areas that I specialize in serving with a heavy emphasis on Maple Valley. Curious about other areas covered by the Northwest Multiple Listing Service (NWMLS)? Every home that is listed on the NWMLS can be found on this website! We even provide information on other real estate companies listings that they don't even show on their own websites!