Lake Forest Park-Sheridan Beach Real estate market displaying lack of inventory and demand

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-Sheridan Beach  Real estate market displaying lack of inventory and demand  

The median List prices  for the  Lake Forest Park/Sheridan Beach area  is $499,000 up from  last week’s  $475,000.  The Market Action Index  (see below MAI chart) has been trending down lately, indicating demand falling along with supply.  Conditions point to mildly negative trends for the market.

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Supply and Demand

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau.  Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the .  . . . . ……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.

Comments (1)

Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great Information. Valuable market report for buyers and sellers in your community!

Dec 09, 2015 09:42 AM