What’s Happening in Fall City Real Estate

As you can see from the graph* the inventory in Fall City has been on the increase with the number of Pending Sales each month holding steady. In August the number of active resale listings went down to 71, with 12 pending sales and 8 closings.  It is interesting that both the pending and closed sales were up from July.  That gives us 8.9 months of inventory based on the closed sales, and 5.9 months based on the pending sales.  In comparison last August there were 65 active listings, 12 closed sales and 2 pending .  So it looks like we have more for the buyers to choose from, and the buyers are still very active in the market.  It will be interesting to see what happens with the September numbers, as September is usually a pretty strong month for sales.

* The graph includes resales single family homes that are in the Fall City, 98024 zip code in all price ranges.

Roundabout update

The Washington State Department of Transportation has been working on installing a roundabout at the intersection of State Routes 202, and 203 in Fall City.   Wilder Construction raised the road sub grade up to the new level so that Watson Asphalt could pave the new section.  The traffic has been moved off the old section of roadway onto the new section while Wilder raises the old roadway up to height of the new round about.  While I was previewing a house that is for sale yesterday, I noticed that it had a spectacular view of the Snoqualmie River, Fall City.   I could also see the roundabout from above so here is an “aerial” view of the current configuration.  I thought that seeing it from above was nice because as you are driving though it all you see is the temporary striping and the construction barrels and you really do not get a feel for the shape the final product. I am finding that the round about works well, and I have not seen any traffic back ups in any direction since it was installed. The state has improved the temporary signing after hearing from the motoring public that the roundabout was confusing.  I think that once the final product in in place with the regular signage and striping that the intersection will function much better than it did before.

Fall City Library Update

Things are moving slowly on the Fall City Library.  After a full summer of having a small temporary library the construction of the new one has barely made any progress.  As you can see from the photo the only progress has been a little bit of foundation work.  As of September 20th 2008, they still do not have permits to move forward.  They are expecting to have permits soon.  They are pushing very hard to get permits, the hold up is not with the building but rather with work that needs to be done on the grounds with things like retention ponds.     Once building is started they expect that it will take about six months to complete.  You can view updates  at the King County Library site .