Lake Forest Park – Sheridan Beach real estate prices continue to climb

  Lake Forest Park – Sheridan Beach real estate prices continue to climb

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $499,950 is up from from last week’s  $477,000.  Inventory has been decreasing  lately but the  Market Action Index  (see below  MAI chart) is falling also.  With days-on-market climbing, these are relatively negative implications for the market.

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Supply and Demand

The market has begun to heat up in recent weeks.  We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory. . . .. .Get the full report. 

  Price

You can see that prices in the Lake Forest Park-Sheridan Beach area have been moving up in the last several weeks and that we’re getting close to the market’s all time high.  Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding. 

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 39% down from the last week’s 40%

Average days-on-market (DOM) 51 days down  from the previous week’s 54 days.

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