What has been going on in April 2009 in the LakeLand Village Real Estate Market?
For those of you who do not know about LakeLand Village, check this LakeLand Link out - there are some great opportunities for home ownership and it is a community that offers many amenities within itself as does the surrounding area of Southern Puget Sound and Hood Canal.
There are currently 30 homes for sale in LakeLand Village (this is a much better picture than what last year painted for us). This is a "positive" movement for sellers and buyers beware, as this could be a turning point as far as prices go in LakeLand Village and LakeLand's homes for sale inventory!
Looking at the pending sales, we are finally seeing some movement as the buyers realize this market is a GREAT time to take the plunge into home ownership in LakeLand Village or "move up" in the market. What a great chance to take advantage of the 1st time Home Buyers Tax Credit available as well as some awesome interest rates on home loans.
There are 4 homes in LakeLand Village in Allyn that have pending sales. These are homes that have accepted offers on them and are proceeding through the closing process. The average selling price and dollars per square foot are considerably lower than normal due to a few of the homes being in a short sale status (the sellers owes more on the home than it is being sold for) or a bank owned home (foreclosed or repo).
Pending Sale Average Dollars per sq ft : $128.91 (keep in mind this number is low due to a bank owned property pending at $74 per square feet!); The other pendings are $108.00 and up.
Two homes sold in the month of April in LakeLand Village (only one of these was listed through the Northwest Multiple Listing Service; One sold for a price of $245,000 at $140.48 per square foot. $140 - $150 a square foot is a good range to use for a fair buy in LakeLand Village. The other sold for $407,950 at a dollar per square foot of $128.00 per square foot (this home has a killer Mt Rainier and Sound view as well).
A stable market (stable being equal sellers and buyers - a balance of supply and demand) or normal market in LakeLand Village in previous years has shown the actively listed homes of inventory to be around 15-20 through the fall and winter months and then pick up to a usual of 30-35 homes for sale after that. The past two years have been an exception as we started to turn and then fully entered the Buyers Market for the area.
The inventory of homes for sale in LakeLand Village for April is at 30 with a median price range of $347,745. This is higher due to the LOWER priced homes being sold or being pending. Ah-yes that means the inventory for under $350,000.00 is where the sales are happening and that inventory is starting to be reduced as well....
Previous Month's Market Reports for Homes for Sale and Sold in LakeLand Village, Allyn, WA:
None of us has the magic crystal ball as to EXACTLY when a market will change, so remember this:
A Buyers' Market is the time to buy... Now is the better time to get the most home for your dollar in LakeLand Village as well as other areas. Or if you are thinking about "moving up" in a home, this is the better time as well.
Whether you are buying or selling a home, don't put your goals off without talking to a local real estate expert regarding your goals. Each situation is also unique individually.
~~Valerie~~
If you would like more information on buying or selling real estate in LakeLand Village, Allyn & Belfair, I am here to help you! Just give me a call, drop me a line or stop on in! I also have short sale experience as well as and foreclosures (bank owned). I believe in building relationships for life. YOUR SUCCESS IS MY SUCCESS!
~~Valerie~~ Lakeland Village, Belfair & Allyn Real Esate Specialist~~
Windermere Peninsula Properties
my email: vlsallyn@windermere.com
my website: www.valspaulding.mywindermere.com
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