2011 Market Report for Lake Forest Park Washington
2011 Market Report for Lake Forest Park Washington
Lake Forest Park real estate was on a lot of peoples minds this last year. Now that the year is over with this 2011 Market Report for Lake Forest Park Washington we can report activity, averages and trends.
Lake Forest Park real estate activity is brisk and picking up based on the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days.
However the overall statistics for Lake Forest Park are sobering.
The trend of median sold prices in Lake Forest Park is displayed below.
The good news in Lake Forest Park is that the number of new properties offered for sale every month has been dropping over the last nine months. The trend of new listings every month is down 14%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale?
The average Days on Market in Lake Forest Park appears to have been going down to a 42% drop in the average days on market is terrific. Hopefully this is a longer term trend!
If you are serious and want to sell, the next graph is good news. The supply of inventory in this 2011 Market Report for Lake Forest Park Washington has declined. The graph shows a 64% decline in the average months supply of inventory. This could be your ideal time to list your property.
If you are serious and want to sell soon in Lake Forest Park the Phil Leng Team has the experience and the track record to help you reach your real estate goals.
All data for this 2011 Market Report for Lake Forest Park is from the NWMLS and is their property. Accuracy has not been independently verified.
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