2011 Market Report for Tukwila, Washington
2011 Market Report for Tukwila, Washington
Tukwila real estate was the talk of the town last month.. Now that last year is over we can report activity, averages and trends in this 2011 Market Report for Tukwila, Washington.
How to characterize Tukwila real estate activity last year... tough one. It was a tough year for Tukwila real estate, definitely. Dramatic dips and swings, one might think it was a tango rather than a market! It was extraordinary to both ends of the spectrum.
2011 Market Report for Tukwila, Washington
Tukwila real estate was the talk of the town last month.. Now that last year is over we can report activity, averages and trends in this 2011 Market Report for Tukwila, Washington.
How to characterize Tukwila real estate activity last year... tough one. It was a tough year for Tukwila real estate, definitely. Dramatic dips and swings, one might think it was a tango rather than a market! It was extraordinary to both ends of the spectrum.
Based on the experiences of the Phil Leng Team it could be Tukwila is on the cusp of real estate greatness or on the precipice of a genuine cliffhanger. Regardless, people will need to buy and sell homes in all economic and physical climates. It's a matter of having the appropriate real estate group working for you.
Our Team sold 68 homes this past year, with an average market time of 49 days. Exceptionally above what most real estate people did in 2011.
The overall statistics for Tukwila are startling. Look at the graph. The Red bar is the number of houses for sale in that month. The Green bar is the number of houses sold in that month. Which of these would you want to be in? The Red category, or the Green category? The Phil Leng Team will help you sell your property promptly and/or help you buy your next home within your criteria, either way we will help you get into the Green!
The overall statistics for Tukwila are startling. Look at the graph. The Red bar is the number of houses for sale in that month. The Green bar is the number of houses sold in that month. Which of these would you want to be in? The Red category, or the Green category? The Phil Leng Team will help you sell your property promptly and/or help you buy your next home within your criteria, either way we will help you get into the Green!
The trend of median sold prices in Tukwila is slightly lower. The median price in this 2011 Market Report for Tukwila Washington appears to have gone down 46% through 2011, quite a dramatic move.
There is good news in Tukwila! The number of new properties going for sale every month has been dropping markedly. It looks like the movement of new listings in this 2011 Market Report for Tukwila, Washington is down 69%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.
The average Days on Market in Tukwila appears to be increasing. The graph shows a 69% increase in days on the market. Another dramatic trend to watch. Imagine being in the right place at the right time with real estate!
If you are a ready, willing and able seller, the next graph could be good news. The Months Supply of Inventory in Tukwila Washington has gone down. The graph shows 68% over the year, however it will not actually be by that much once the seasonally-removed properties come back on the market this spring.
Conclusion: If you are a serious real estate client and need to sell or buy now in and around Tukwila, try to retain the Phil Leng Team for the experience and the track record you need to help you reach your real estate goals.
All data for this 2011 Market Report for Tukwila, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.
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