Lake Forest Park’s real estate market is showing some resiliency
90-day stats for Single Family properties in SEATTLE, WA 98155 as of August 28, 2015 | |||
---|---|---|---|
Median List Price: | $481,749 | Average List Price: | $661,160 |
Total Inventory: | 65 | Price per Square Foot: | $246 |
Average Home Size: | 2,184 | Median Lot Size: | 9,126 |
Average # Beds: | 3.70 | Average # Baths: | 2.24 |
Homes Absorbed: | 15 | Newly Listed: | 15 |
Days on Market: | 37 | Average Age: | 53 |
Lake Forest Park’s real estate inventory and demand both falling
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $475,000 down slightly from last week’s $499,950. Inventory has been decreasing lately but so has the Market Action Index (see below MAI chart). With days-on-market climbing, these are relatively negative implications for the market.
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Supply and Demand
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in 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. . . . ……Get the full report.
Price
We continue to see prices in the Lake Forest Park-Sheridan Beach area at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index before we see prices significantly deviate from these levels.
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