Lake Forest Park-Sheridan Beach real estate prices up despite cooling signs
The median list prices for the Lake Forest Park/Sheridan Beach area is $359,975 isdown slightly from last week’s $372,450. Inventory is up the Market Action Index (MAI see below graph) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit. Stop by next week to see how the housing market in Lake Forest Park is trending.
The Lake Forest Park/Sheridan Beach area registered 36 closed sales in March 2013 compared 27 for the same month a year earlier. It will be interesting to see if the home sales trend in Lake Forest Park, which averaged 31 sales per month in 2012, will continue into 2013. Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.
Supply and Demand The Lake Forest Park-Sheridan Beach real estate market in terms of supply and demand is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this recent price trend may be a result of improved quality (newer, larger homes) coming on the market. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past. Get the full report.
Price Despite this week’s price down tic in the Lake Forest Park/Sheridan Beach area prices have generally been moving higher. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend. Is it the right time to sell your Lake Forest Park Sheridan Beach home? Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?” Fill out our form and find out for FREE. 
New listing within the last 7 days
New bank owned and short sales within the last 7 days
Pending sales within the last 7 days Upcoming open houses
Percent of properties with price decreases 21% down 1%
Average days on market (DOM) 80 down
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