Ready for September yet? Us, neither! (Although if you said “yes,” cheers for being on-top of things!) We’re enjoying the last long weeks of summer, and analyzing what happened last month in our market.
We witnessed some amazing transactions, both in person and from the sidelines. Many homes are still receiving multiple listings, and 79% of homes that closed last month accepted an offer for full list price or more! In fact, three homes received over $100,000 above their list price!
Inventory – Active vs Pending Listings
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 July 2020 and 2021.
We compare the Active to Pendings instead of Solds because the Pendings represent homes that accepted an offer in the current market conditions. (Solds could have accepted their offer weeks or even months ago.)
Median Sales Prices
Comparing July 2020 with 2021, the median sales prices are looking very lively! Upper Kittitas came down a little, other areas saw incredible growth. Between the spike in sales and the spike in median sales prices, Cle Elum is in the midst of an exciting summer market for sellers.
List Price to Sales Price
Sellers are still enjoying a strong market where buyers are willing to offer over list price to secure a win. In fact, 73% of all the homes that closed last month received 100% of their listed price or more, and the average sale-to-list price ratio increased significantly over last year.
It’s easy to get swept up in the excitement of a seller’s market, but real success isn’t measured in the sales price alone. There’s also your quality of life throughout the transaction. Our goal is to reduce your stress and provide the information and support you need. Whether you have a 1-year plan, a 5-year plan, or an immediate need to move, let us provide you with the honest facts about our market.
