Lake Forest Park – Sheridan Beach real estate sales outstripping supply
Homes that are listed and price correctly in the Lake Forest Park/Sheridan Beach area are moving briskly going into fall.
The median List prices for the Lake Forest Park/Sheridan Beach area is $349,475 isdown slightly from last week’s $362,000. Inventory has been lightening lately and the Market Action Index (MAI see below graph) has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market. Stop by next week to see how the housing market in Lake Forest Park is trending.
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
Home sales in the Lake Forest Park-Sheridan Beach continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. Get the full report.
We continue to see prices in the Lake Forest Park/Sheridan Beach bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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Percent of properties with price decreases 49% down from the previous week’s 53%
Average days on market (DOM) 82 up from the previous week’s 81 days.
Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.