Fife, WA October 2012 Monthly Home Sales Stats

By
Real Estate Agent with www.roundrealestate.com
Fife, WA October 2012 monthly home sales stats
 
Fife WA Real Estate Supply and Demand14 homes sold in Fife in October 2012.
 
Here are the details of the 14 Fife WA October 2012 Home Sales-
 
The average sold price was $201,104.
The original list price was $200,489.
The houses were on the market for an average of 52 days before they received a contract. One was on the market 206 days; Four sold within a week of being listed.
The sellers received 100.44% of asking price.
Average price per square foot was $98.69.
The houses were built between 1976 and 2012.  
Fife WA October 2012 Housing Supply 
There are 11 Fife homes that went under contract in October. In total there are 40 homes under contract (last month there were 41 homes under contract)  Of the 40 pending sales in Fife, 20 are short sales and are awaiting lien holder approval for the short sale. That means 50% of home sales in Fife, WA are short sales.
 
On the first graph, the red lines show the number of houses for sale. The dark blue lines show the number of houses that have contracts on them (pending sales). The green lines show the number of closed (sold) homes. 
 
Currently there are only 20 single family homes for sale in Fife. They range in price from $164,999 to $479,000.   If no other homes are put up for sale, based on the current absorption rate, it would take approximately 2.2 months for all the homes to be sold in Fife WA. (light blue graph)
 
What this means to you - a home buyer or seller in Fife WA? 6+ months of inventory means it's a buyer's market. 6-4 months of inventory means it's a balanced market. Under 4 months supply of homes means it's a seller's market. 
 
If you are interested in other area stats besides Fife WA October 2012 Monthly Home Sales Stats, just let me know and I'd be happy to pull the stats for you.

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