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Bothell: Queenborough's real estate marketing lightening

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

 Bothell: Queenborough's real estate marketing lightening

The median list price in  Bothell’s Queenborough-Brentwood neighborhood this week is $544,950 is down from last week's $559,900.  The Market Action Index has been trending down lately, while inventory and days-on-market are climbing.  The trends imply a  weakening market. 

Suppqueensboroughly and Demand

The market has started cooling and prices have been flat for several weeks.  Since we're in the Seller's zone, watch for changes in the MAI.  If the MAI resumes it's climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. 

Price

In the last few weeks we've seen prices in the Queensborough-Brentwood neighborhood bounce around this plateau.  Look for a persitent down-shift in the Market Action Index before we see prices deviate from these levels.

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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)

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Adrian ....Great report as always ....I hope you have a great weekend!

Aug 02, 2014 09:54 AM