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Real estate and politics were 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 Condos for Seattle, Washington.
Seattle real estate activity has been counter to the national market, seeing price and inventory stability and even price increases in select neighborhoods. Optimism is the key with Seattle condos - from one area to the other, for the best perpsective contact the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days.
The overall statistics for Seattle are even more encouraging. Look at this graph. The Red bar is the number of condos for sale in any given month. The Green bar is the number sold in any given month. Which of these two categories would you want to be in? The Red category, or the Green category? (yes, it's a loaded question!) If you use The Phil Leng Team, we will help you get into the sold category faster. Let's go Green!
The trend of median sold prices in Seattle has diminished nominally, again depending on your area. The median price in this 2011 Market Report Condos for Seattle, Washington appears to have gone down 8% year-over-year.
More good news in Seattle is that the number of new properties going for sale every month has been dropping over the last year. It looks like the trend of new listings every month in this 2011 Market Report Condos for Seattle, Washington is down 14%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.
The average Days on Market in Seattle appears to have been increasing. The graph shows a 4% increase in days on the market. Getting a better return can take longer and a matter of days should not have much influence in your decision.
If you are a serious seller and need to sell, the next graph is more good news. Inventory in Seattle, Washington has gone down. The graph shows 60% over the year, however it will not actually be by that much once the properties come on the market this spring. But I believe this is a real trend per our 2011 Market Report Condos for Seattle, Washington.
Conclusion: If you are a serious seller and want to optimize your real estate position in Seattle, retain the Phil Leng Team. We have the state-of-the-art marketing, advertising and hands-on experience and track record to help you achieve your real estate goals.
All data for this 2011 Market Report Condos for Seattle, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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1 Comments on 2011 Market Report Condos Seattle, Washington
Good evening
Thanks for the market update. Have a great day.