The summer market is in full swing, with many new properties entering—and quickly leaving—the market. In fact, the median days-on-market in Upper Kittitas County last month was just 9 days! This year is moving faster than most, but a surge of activity is always expected as families transition between school years.
Here are the Rarden Team, we’ve been working hard to help our clients in this busy season. From listings to Let’s look at the rest of May’s statistics
Inventory and Pendings
Below we compare the number of active listings (supply) and pendings (demand) for several of the key Kittitas County neighborhoods including Cle Elum, Roslyn, and Suncadia. Our table includes single family residences comparing May 2020 and 2021.
Median Sales Prices
Comparing May 2020 with 2021, each area saw price growth. Cle Elum, South Cle Elum, and Cle Elum Pines together saw the median sales price for residential grow from $252,000 last May to $431,475 last month (represents an +71.2% gain with 10 sold properties).
The specific area median sales prices are listed below. With the low number of sales per month in our area on average, the median sales price can vary quite a bit.
List Price to Sales Price
When the list price to sales price is over 100%, this is usually an indicator of multiple offers. In Upper Kittitas County, 39 of the 51 listings sold in may received 100% of their list price or more! On average, sellers received 101.8% of their listed price, although some received as much as 120.9%, and several properties received over $100,000 above their listed price.