2011 Market Report Condos for Burien, Washington

2011 Market Report Condos for Burien, Washington

2011 Market Report Condos for Burien, Washington

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

Burien condo 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 Burien are sobering. Look at this graph. The red bar is the number of condos for sale in any given month. The Green bar is the number of condos 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.  Let's go Green!


The trend of median sold prices in Burien is indeterminate from this next graph.


Perhaps the good news in Burien is that the number of new properties going for sale every month has not changed year-over-year. But the last quarter of 2011 shows significant market activity. 


The average Days on Market in Burien appears to have been going down dramatically. The graph shows a 24% drop in days on the market. .


If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Burien Washington has gone down. The graph shows 88% over the year, however it will not actually be by that much once the properties come on the market this spring.


Conclusion: If you are a serious seller and need to sell this next year in Burien, 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 Condos for Burien, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.

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