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Lake Forest Park real estate market times increasing, prices up

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

 

  Lake Forest Park – Sheridan Beach real estate market times increasing, prices up

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $499,000 is down from from last week’s  $499,950.  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.

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 market has begun to heat up in recent weeks and fewer homes listed have contributed to a relatively long run of icreasing prices.  . . . .. .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 35% down from the last week’s 39%

Average days-on-market (DOM) 84 days down  from the previous week’s 51 days.

 

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.