Meridian Park is a neighborhood in Shoreline, WA, a suburb of Seattle, just off of Interstate-5. The neighborhood is very open and friendly neighbors can be seen power walking down the streets with their dog in toe.
As far as real estate goes, things are moving along just fine. Within the last month, 3 homes have sold, 1 went to a pending status, and there are still 5 active and ready to be purchased. The median listing price is $368,356 and the median sales price is $379,667. The average days on market for homes in the area is 99 days.
In all of Shoreline, the median sold home price in August of 2007 was $400,000 and in August of 2008, that price went up to $419,975. That's an increase of almost 5% from last year!
So on a micro level, in the neighborhood of Meridian Park, homes are selling for more than they are listed for AND on a macro level, in all of Shoreline, homes too are being sold for more than they were compared to a year ago.
This is great news for our community of Shoreline and my neighborhood of Meridian Park. Property values are keeping steady or rising and in this sometimes uncertain market, we have some light of hope!
_____________________________________________________________________________________________________
Call the Egerer & Weidauer Team to discuss how your neighborhood is doing and get a free comparative market analysis!
Jeremy Egerer 360.990.4083 www.jeremyandnicolesellhomes.com Nicole Weidauer 206.661.7256
Comments(0)