2011 Market Report Condos in Shoreline, Washington
2011 Market Report Condos in Shoreline, Washington
Shoreline real estate was on a lot of residents minds this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report Condos in Shoreline, Washington.
I would characterize Shoreline real estate activity as 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.
The overall statistics for Shoreline are encouraging. Look at the graph below. The Red bar is the number of condos for sale in any given month. The Green bar is the number sold in any given month. Which of these two categories would you want to be in? If you choose The Phil Leng Team to sell your property, we will get into the sold category. So let's go Green!
2011 Market Report Condos in Shoreline, Washington
Shoreline real estate was on a lot of residents minds this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report Condos in Shoreline, Washington.
I would characterize Shoreline real estate activity as 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.
The overall statistics for Shoreline are encouraging. Look at the graph below. The Red bar is the number of condos for sale in any given month. The Green bar is the number sold in any given month. Which of these two categories would you want to be in? If you choose The Phil Leng Team to sell your property, we will get into the sold category. So let's go Green!
The trend of median sold prices in Shoreline has increased significantly. The median price in this 2011 Market Report Condos in Shoreline, Washington appears to have risen 30% through.
More good news in Shoreline is that the number of new properties going for sale every month has been dropping over the last year. The volume of new listings every month in this 2011 Market Report Condos in Shoreline, Washington is down 14%.
The average Days on Market in Shorline has been going down dramatically. The graph shows a 73% drop in days on the market. With reduced inventory and mortgage rates at all-time lows serious buyers are moving now, reducing market time.
If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Shoreline, Washington has gone down. The graph shows 53% over the year, however it will not actually be by that much once the properties come on the market this spring. This is a real trend from 2011 Market Report Condos in Shoreline, Washington.
Conclusion: If you are a serious seller and need to sell this next year in Shoreline, hire the Phil Leng Team. We have the experience, technology and the track record to help you reach your real estate goals this year.
All data for this 2011 Market Report Condos for Shoreline, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.
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