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2011 Market Report for Mountlake Terrace, Washington

By
Industry Observer with Retired

2011 Market Report for Mountlake Terrace, Washington

2011 Market Report for Mountlake Terrace, Washington

Mountlake Terrace real estate was on a lot of peoples' minds this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report for Mountlake Terrace, Washington.

I would characterize Mountlake Terrace real estate activity as brisk and picking up based on the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days!

However the overall statistics for Mountlake Terrace are sobering. Look at this graph. The red bar is the number of houses for sale in any given month. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category!


2011 Market Report for Mountlake Terrace, Washington

The trend of median sold prices in Mountlake Terrace is downward from this next graph. The median price in this 2011 Market Report for Kirkland, Washington appears to have gone down 16% through 2011. It could be that the homes for sale the last three months of the year were just lower priced homes. The first part of the year would tend to indicate steady prices.


2011 Market Report for Mountlake Terrace, Washington

In Mountlake Terrace it appears that the number of new properties going for sale every month has been rising over the last year. It looks like the trend of new listings every month is up 13%. If you do need to sell your property, why wait?


2011 Market Report for Mountlake Terrace, Washington


The average Days on Market in Mountlake Terrace appears to have been going down by 26%. It does appear, in this 2011 Market Report for Mountlake Terrace, Washington that sellers are getting more realistic and houses are selling faster.
2011 Market Report for Mountlake Terrace, Washington

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Mountlake Terrace Washington has gone down. The graph shows a 50% drop over the year. There are several factors at play, but I believe this is a real trend as those who do not really need to sell simply defer their plans until a later time.


2011 Market Report for Mountlake Terrace, Washington


My pitch? If you are a serious seller and need to sell this next year in Mountlake Terrace, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.

Disclaimer in regular size print: All data for this 2011 Market Report for Mountlake Terrace, Washington is from the NWMLS and is their property. Accuracy has not been independently verified. Statistics are a bit like humans. If you torture them long enough you can make them say anything you want them to say!


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Comments (1)

Lori Gardiner
RE/MAX River's Edge - Bristol, RI
GRI, SRS, ABR, e-PRO

Hi,

Great post...love the charts!  Thanks for sharing. Best wishes for a successful 2012!

Jan 10, 2012 12:51 AM