What Homes are Selling in Lynnwood Washington?

Real Estate Agent with Champions Real Estate Services - Lynnwood, WA

Real Estate Market Statistics for Lynnwood, Washington

For today's market update we are looking at what single family homes are selling in Lynnwood, WA.  These numbers come from our MLS, are current as of this morning and cover the last 180 days of activity.  Do bear in mind that there is likely less activity in the last 180 than in the rest of the year due to the holiday season.

2 Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms
# of Units Sold 8 136 99 39 282
Total Dollar Value $2,132,300 $35,264,260 $30,705,335 $13,657,283 $81,759,178
Average List Price $276,725 $266,957 $316,743 $352,293 $296,514
Average Sold Price $266,538 $259,296 $310,155 $350,187 $289,926
Average Market Time 85 73 75 67 73
Average Square Feet 1500 1676 2178 2558 1969
% of List Price 98.33 97.4 98.07 100 97.97

For the properties that are selling, the market times are not bad!  The problem is that right now there are 317 single family homes on the market in Lynnwood, so competition is pretty stiff to get those contracts.  This makes marketing and pricing VERY important.  Think about it, in 180 days only 8 two bedroom homes sold in Lynnwood.  Just over one a month!

If you are preparing to sell your home in Lynnwood, my advice is to prepare your home as best as possible and price your home aggressively!

Considering seeling your Lynnwood, WA  home?

These numbers are very general, and if you are considering selling your Lynnwood area home, let me come by and discuss what we can do to get your home sold and what price it will probably sell at.  You can reach me at 425-773-3149 or email me at Jacquie@JacquieCliff.com to set up a time for us to meet!
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Peggy Chirico
Prudential CT Realty - Manchester, CT
REALTORĀ® 860-748-8900, Hartford & Tolland County Real Estate

Hi Jacquie - That's an interesting approach to market reports by # of bedrooms.  I will have to take a look at my market in those terms.

Jan 18, 2011 04:03 AM #1
Jacquie Cliff
Champions Real Estate Services - Lynnwood, WA - Lynnwood, WA
- Real Estate and Short Sale Expert

Thanks Peggy!  It does make a difference in time and the list to sell ratio depending on the size of the home.  This was strictly for single family homes, but I am intersted to see the spread on condos.  I suspect one bedrooms are going to be much slower to move.  What is interesting is that in these numbers 5+ bedroom homes sold at 100% of list.

Jan 19, 2011 12:11 AM #2
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