Lake Forest Park – Sheridan Beach real estate market remains positive
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $449,475 up from last week’s $427,000. Demand measured by the Market Action Index (see below MAI chart) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
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Supply and Demand
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.. ……Get the full report.
Price
Prices in the Lake Forest Park area seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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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
Percent of properties with price decreases 21% down from the last week’s 25%
Average days-on-market (DOM) 20 days down from the previous week’s 31 days.
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