TOTAL CURRENTLY ON MARKET: There are currently 732 listings of residences on the Auburn, WA real estate market. This includes residential homes (487), condominiums (129), manufactured homes in parks (74 ), multi-family duplex and four-plex (24), and small commercial dwellings (18).

UNDER CONTRACT w/pending sales: Currently, out of the above listed properties on the real estate market, the following listings in Auburn have pending sales: residential homes (149), condos (18), manufactured homes in parks (3), multi family (3) and small commercial (2).

SOLD: The closed sales from January 1, 2009 through the end of June, 2009 include residential homes (191), condos (38), manufactured homes in parks,considered personal property instead of actual real estate (35), multi-family (3), and small commercial (2).

BANK OWNED AND SHORT SALES: On the market from the above active and pending listings, here is some interesting data: For the properties under $400,000 there are 53 bank owned and 129 short sales, which is 29% of the active listings in this price range. In the price range over $400,000, there are 3 bank owned and 16 short sales, which is 7.6% of the listings in the over $400,000 range. This is a total of 201 listings. There is no data available yet for the number of bank owned and/or short sales that actually close, due to the fact that the MLS (multiple listing service) has just recently incorporated this into the criteria of the listing.

Active: Quantity

$75,000 thru $159,999: 56
$160,000 thru $249,999: 148
$250,000 thru $299,999: 104
$300,000 thru $349,999: 59
$350,000 thru $399,999: 29
$400,000 thru $599,999: 53
$600,000 thru $899,999: 30
$900,000 thru $1,999,999: 18
Other: —-
Pending sales: 175
Manufactured homes under $75,000: 60

TOTAL: 732

From the beginning of the year up until now, we are seeing an increase in pending and closed sales. Also, I have counseling readily available for anyone who is interested in loan modifications, short sales, foreclosures, and great new mortgage products. Call me today to take advantage of what I have to offer. No risk, just honest advice.

To begin, how many property listings are there currently on the housing market in the Auburn area, and how many of them are selling so far this year?

TOTAL ON MARKET: Okay, there are currently 588 listings of residences on the Auburn, WA real estate market. This includes residential homes (378), condominiums (92), manufactured homes in parks (75), multi family duplex & 4-plex ( 27), and small commercial dwellings (16).

UNDER CONTRACT w/pending sales: Currently, out of the above listed residences on the real estate market, the following 82 listings in Auburn have pending sales: residential homes (60 – of which 24 of these went pending in January of this year), condos (10), manufactured homes (8), multi family (1), small commercial (3).

SOLD: The closed sales in Auburn, WA in January include residential homes (22), condos (2), and manufactured homes (2). Keep in mind that some of these closed sales had been ongoing on the market from the previous year.

It is currently taking anywhere from 21 days to 178 days for a home to sell here on the Auburn, WA real estate market, with 92 days being the average. Higher end homes usually have a much longer time on real estate market.

BANK OWNED & SHORT SALES: Out of curiosity, I wanted to see how many of the properties on the Auburn real estate market were bank-owned or short sales. Scrolling down the list of residential listings only, I found that in the homes priced below $400,000 approx 1/4 of them fell into this category, with 14% being bank owned, and 11% being short sales. In the price range above $400,000 there were less of these types of listings, with 6% bank owned and 4.5% short sales.

During the month of January, out of the total number of listings above, the actual listings that were put on the Auburn market were residential homes (91), condos (24), manufactured homes (20), multifamily (2), small commercial (1).

In reviewing the chart below, it is easy to see that Auburn’s real estate market boasts a varied and wonderful range of homes from which to choose, from small cozy homes, a super inventory of first time buyer homes between $160,000 and $250,000, and equestrian/ranch homes and custom/luxury homes in gated communities! The price ranges for the available homes are as follows:

Real Estate Market Trends

Real Estate Market Trends

All homes on the real estate market are available now for showing and purchasing. Also, do not let your home become a future bank owned property, see my blogs on foreclosure, short sales, loan modifications, mortgages, and why now is a great time to buy a home on the Auburn, WA housing market. Call me today for advice on pricing your home!