| 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 median list prices slip slightly
This Week:
The median List prices for the Lake Forest Park/Sheridan Beach area is $499,350 down slightly from last week’s $520,000. 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.
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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
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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