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Lake Forest Park – Sheridan Beach real estate starting to spark

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

  Lake Forest Park – Sheridan Beach real estate starting to spark 

 

This Week:

Homes that are listed and price correctly in theLake Forest Park/Sheridan Beach area are moving briskly going into winter.

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $374,950  is up slightly  from  last week’s $359,000.   Inventory has been lightening lately but  the Market Action Index  (MAI see below graph) has been trending up.  These are mildly positive indications for the market.  Stop by  next week to see how the housing market in Lake Forest Park is trending.

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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 40% down from the last week’s 42%

Average days-on-market (DOM) 90 days down from the previous week’s 92 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 (1)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I always like to see the various market reports around the nation.  Thank you for your complete report.

Jan 13, 2014 11:51 PM