Lake Forest Park – Sheridan Beach real estate needs a defibrillator

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

  Lake Forest Park – Sheridan Beach real estate needs a defibrillator 

 This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $359,000  is down slightly  from  last week’s $372,450.   Inventory has been decreasing lately but  the Market Action Index  (MAI see below graph) has been falling also.  With days-0n-market is  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 Lake Forest Park-Sheridan Beach real estate market has been consistently cooling in the past several weeks.  Because we’re still in a Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of lack demand for prices  to reflect and begin to fall .  Expect prices to fall if the index persistently falls to the Buyer’s zone.   Get the full report.

 

Price

We saw little price change in the  Lake Forest Park/Sheridan Beach area from last week.  However, we continue to demonstrate a nice up trend in general over the last several weeks.

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 42% down from the last week’s 49%

Average days-on-market (DOM) 92 days up from the previous week’s 100 days.

 

 

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Comments (3)

Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

:) Your title cracked me up - have a great day, Adrian!

Jan 06, 2014 07:43 PM
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Adrian,

Even with the need for some heart start. The prices of homes still leaves a lot in commissions for the Realtor who gets them sold.

Some things are better than no things.

Have a great day in the Seattle areas today.

Best, Clint McKie

Jan 06, 2014 09:07 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Adrian, hope Lake Forest Park gets a jump start and 2014 yields a great market.

Jan 06, 2014 10:46 PM