Lake Forest Park – Sheridan Beach’s real estate remains a mixed bag

    Lake Forest Park – Sheridan Beach’s real estate remains a mixed bag

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $336,500 is up slightly  from  last week’s $335,000.   Inventory is up and the  has been decreasing lately but the Market Action Index  (MAI see below graph) is falling also.  With days-on-market climbing, these are relatively negative implications for the market.    Stop by  next week to see how the housing market in Lake Forest Park is trending.

It will be interesting to see if the home sales trend in Lake Forest Park, which averaged 31 sales per month in 2012, will continue into 2013. Stay updated on the latest real estate trends in Lake Forest Park and Sheridan Beach. Sign-up and have market report e-mailed to you weekly or monthly absolutely FREE? Subscribe today, for any additional information regarding the real estate market contact Adrian Willanger.

Supply and Demand

The real estate market in the Lake Forest Park-Sheridan Beach in the last few weeks has been at a stasis point in terms of sales to inventory.  However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.  Watch for an up-shift in the MAI before price stability is achieved.   Get the full report.

Price

We continue to see prices in the  Lake Forest Park/Sheridan Beach on a downward trend recently, while essentially flat, doesn’t break us out of that cycle.

Is it the right time to sell your Lake Forest Park Sheridan Beach home?

Many homeowners are asking the same question, “has the value of our home increased to the point we can sell it?”  Fill out our  form  and find out for FREE.

New listing within the last 7 days

New bank owned and short sales within the last 7 days

Pending sales within the last 7 days Upcoming open houses

Percent of properties with price decreases 36% up from the previous week’s 33%

Average days on market (DOM) 88 up slightly from previous week’s 77 days.

Related posts:

1. Lake Forest Park – Sheridan Beach real estate giving mixed signals (31.1)
2. Lake Forest Park – Sheridan Beach’s real estate ain’t misbehavin, well just a little(29.8)
3. Lake Forest Park – Sheridan Beach’s real estate, prices slip slightly (29.3)
4. Real estate demand increasing in Lake Forest Park/Sheridan Beach (27.6)
5. Lake Forest Park – Sheridan Beach’s real estate inventory tightening (26.8)