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
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.
Comments(0)