Everett Condos for sale have become a much-improved market over the past two years. The inventory for condominium homes in Everett have dropped by a whopping 74% over this time, meaning the demand for Everett condos for sale has increased as the market has started to stabilize. The average days on market for a condo home in Everett are 68 days, down 25% from one year ago, while the median price per square foot is down to just $111! The demand for Everett condos for sale has certainly gained momentum.
When I did a search for Everett condos for sale, 48 properties came up un-distressed, as opposed to 39 properties in distress. This is a good sign for potential buyers in the Everett area, because with a ratio of 1 distressed condo for sale for every 1.23 new or resale Everett condos for sale, it is evident that the prices will remain low until the inventory of foreclosures and short sale condos is liquidated. Rest assured, because of the incredible drop in inventory over the last two years, that this will happen as the market continues to stabilize and property prices finally become realistic again.
Good news for buyers and sellers: while the median price of condominium homes in Everett has gone down over the past 2 years, it has gone up 10% from May 2012 to June 2012! If this positive statistic is any indication, the market of Everett condos for sale will be gaining more momentum and distressed properties will be liquidated sooner than later, leaving a steady and maintainable level of value in this particular market.
This popular and well-established market and the data to support its gain in momentum and health will hopefully be helpful for prospective homeowners moving to the area to trust their decision to buy one of the Everett condos for sale.
Comments(0)