2011 Market Report for North Bend, Washington
2011 Market Report for North Bend, Washington
North Bend 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.
I would characterize North Bend 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 North Bend are sobering. The red bar is the number of homes for sale each month. The green bar is the number of homes which actually sold each month. Which of these two categories do 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!
The trend of median sold prices in North Bend is obscure for the first six months of the year. However, during the last six months the median price has clearly been dropping. We haven't turned around on pricing yet in North Bend.
Perhaps the good news in North Bend is that the number of new properties going for sale every month has dropped over the last year. In the first six months, more properties were going on the market each month. In the last half of the year the number of properties for sale each month dropped by over 100%!
The average Days on Market in North Bend appears to have been going down steadily over the year, with high days on market in both Dec of 2010 and Dec of 2011. Does nothing sell in North Bend in December?
If you are a serious seller and need to sell, the next graph is more encouraging. The Months supply of inventory in North Bend, Washington has gone down gradually over the year, with a slight build up last Fall. Let The Phil Leng Team handle your sale in 2012 to help you sell in the quickest time, for the most money and with the least hassle.
My pitch? If you are a serious seller and need to sell this next year in North Bend, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.
All data for this 2011 Market Report for North Bend, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.
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