|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.
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?”