Lake Forest Park real estate market update

This Week

1. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.
2. Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
3. The properties have been on the market for an average of 118 days. Half of the listings have come newly on the market in the past 57 or so days.

Home selling prices in the Lake Forest Park, Sheridan Beach and Shoreline communities reached a yearly high watermark in July and since have stayed pretty neutral. Not seeing any large swings up or down in selling price trends.

Currently Lake Forest Park, Sheridan Beach and Shoreline have a wide selection of condos and single family homes for sale. Prices range from a one bedroom condo at $79k to a waterfront home for $3.2M

Inventory levels have trending upward since mid-August, which is typically a bit early for this market place. We usually see inventories grow after the Labor Day Holiday and continue into November.

About Lake Forest Park

The City of Lake Forest Park is located just north of Seattle, it’s occupies the northwest corner of Lake Washington.  Lake Forest Park is anchored by the Lake Forest Park Town Center which has over the years become a “third place” for many residents.

Lake Forest Park is filled with residents who love outdoor activities and being right next door to the Burke Gilman Trail provides health enthusiasts a convenient outlet to walk, run and cycle along the shores of Lake Washington from Gas Works Park through Lake Forest Park and continuing to Ste. Michelle Winery in Woodinville.

 

90-day stats for Single Family properties in
SEATTLE, WA98155 as of September 7, 2012

Median List Price:	$326,228	Average List Price:	$386,230
Total Inventory:	137	Price per Square Foot:	$174
Average Home Size:	2,003	Median Lot Size:	8,852
Average # Beds:	3.52	Average # Baths:	2.14
Homes Absorbed:	10	Newly Listed:	10
Days on Market:	120	Average Age:	48

 

 

 

 

 

 

 

 

Related posts:

1. Lake Forest Park Real Estate Market Update (35.1)
2. Lake Forest Park home prices and inventory levels trending up (30.6)
3. Lake Forest Park and Sheridan Beach Real Estate update (27.9)
4. Lake Forest Park prices sidle up as inventory levels shrink (26.4)
5. Northeast Seattle Wa. Price and Inventory comparison to Lake Forest Park Wa.(26.1)