During the month of January there were 23 homes that sold in Covington, Washington. These homes all have the city listed as Covington. There are more homes sold in the area that are located outside the Covington City limits and will be reported in the Kent January stats.
These Covington WA homes actually had a transfer of home ownership. Contracts complete, cash or lender funds available, buyer and seller signed all of their documents that escrow prepared for closing and deeds recorded at the King County courthouse.
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Covington Washington.
Let’s look at those 23 Covington homes -
Covington WA January Homes Sold 2012
|Total number of Homes Sold||23|
|Median Original List Price||$224,950|
|Median List Price||$209,950|
|Median Selling Price||$196,000|
|Cumulative days on Market||53|
|Days on Market||53|
Not a bad time to purchase a home in Covington, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the King County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”