Sandi,
Now something about the condo townhouse statistics. The resale condos with a townhouse style are spending about 84 days on market. On the average they have 2 beds, 2.18 baths, 1354 sq ft, a $251K list price and a $234K sale price. The new construction varieties have on average 3 beds, 2.4 baths, 1438 sq ft, $281K list price and a $272K sale price with an average 127 days on market. Again that is going to be extended due to continuous listing since presale status. These numbers and the previous non-condo numbers I supplied are an average with a 6 month period (Jan - Jun). It's likely days on market have lengthened in more recent months because of increased inventory and other industry related events. It's also likely you're going to see days on market lengthen with the insertion of new condo laws that became effective mid-June. Smaller complexes that are either self-managed or recently transferred to a management company have a few more hoops to jump when it comes to buyer financing. Buyers with a down of 10% or better may help avoid some of the extra requirements, as well as a building that has its 'reserve study' already complete. Those are issues you may want to investigate so you can anticipate their possible effect on your listing plans. Larger complexes with long-term outsourcing of building management services may not encounter these issues because of common practices in those arrangements. I hope this data helps.

Sandy,
I've done a 'quick n dirty' with those Kent listings identified under residential (vs condominium) with a townhouse style construction. For resale property it's running about 65 days. The 'average' amenities would be 3 beds, 2.3 baths, 1498 sq ft, $261K list price and a $253 sale price. When you look at (only) new construction then the avg number of days on market jumps to 303 but that's probably due to a continuous listing prior to breaking ground or 'presale' status. The average statistics in this case are 3 beds, 3 baths, 1844 sq ft, list price of $304,993 and sale price of $282,990. There's probably another set of statistics for those properties found under condominium (rather than residential) with a townhouse style design. These numbers aren't picture perfect since agents will often list condos under residential, especially when a townhouse is involved. A better distinction is whether the townhouse is zero-lot residential with no homeowner's dues or a condo townhouse with homeowner dues. Keep in mind that pricing in accordance with condition will help reduce days on market. Don't forget to stage.

P.S. There are 24 currently in escrow and pending, but about half of those have been in escrow for a very long time. They look like short sales that may or may not eventually close. A few others are Pending Inspection way longer than it takes to have an inspection finalized. A few may be buyers having trouble getting their mortgage funded. Some in escrow since April and most escrows are usually 30 days unless the buyer is having trouble with the financing or it's a short sale.

The King County median days on market for properties that have sold this year is 64 days or so, so Kent is running higher than the norm Countywide.

If it is a condo/townhome, as most are in Kent, there are 104 for sale at the moment. Only 27 have closed escrow since April 1 and the median days on market of those sold was 77 days and only 11% of those 27 sold in 30 days or less.

Lots of competition so price well and be patient. Could take 2-3 months even if priced well. Showing condition and photos will be all important with only 1 in 5 selling at the moment.

Good luck!