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.
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.
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?
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.
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.
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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