|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|
Real estate demand and inventory both falling in Lake Forest Park & Sheridan Beach neighborhoods
The median List prices for the Lake Forest Park/Sheridan Beach area is $499,000 up from last week’s $444,475. Inventory has been decreasing lately but the Market Action Index (see below MAI chart) is also falling. With days-on-market climbing, these are relatively negative implications for the market.
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Supply and Demand
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb . . . . ……Get the full report.
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?”