Lake Forest Park’s real estate inventory is up demand down

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

 

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 is up demand down 

 

This Week:

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $520,000 up slightly from last week’s  $499,950.  Inventory is up and  Market Action Index  (see below MAI chart) is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

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 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

Prices in the Lake Forest Park-Sheridan Beach 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.

 

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?”

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

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