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LakeLand Village~Allyn~WA~ February Market Update~Homes for Sale and Sold

By
Managing Real Estate Broker with Windermere Peninsula Properties~Allyn~Belfair~WA 73708

What has been going on in February 2009 in the LakeLand Village Real Estate Market?

Chatting about the real estate market For those of you who do not know about LakeLand Village, check this LakeLand Link out - there are some great opportunities for home ownership and it is a community that offers many amenities within itself as does the surrounding area of Southern Puget Sound and Hood Canal.

There are currently 27 homes for sale in LakeLand Village.  This is a decrease from the 34 in January. This is a "positive" movement for sellers and buyers beware,as this could be a turning point as far as prices go in LakeLand Village and LakeLand's homes for sale inventory! 

Looking at the pending sales, we are finally seeing some movement as the buyers realize this market is a GREAT time to take the plunge into home ownership in LakeLand Village or "move up" in the market.

There are 6 homes in LakeLand Village in Allyn that have pending sales. These are homes that have accepted offers on them and are proceeding through the closing process. The average selling price and dollars per square foot are considerably lower than normal due to a few of the homes being in a short sale status (the sellers owes more on the home than it is being sold for) or a bank owned home (foreclosed or repo).

They will more than likely close sometime this month, but I will keep you posted. If all six of these Land Village homes close  during the month of March, that will be the most homes sold in the past year in any one month in LakeLand Village.Real Estate Market Ice Melting

 

 Is it a sign things are changing?

Is what seemed like a "frozen" real estate market starting to melt?

There was one home sold in LakeLand Village in the month of February at a price of $327,000 for an average dollar per sq ft of $165.15.  That is a good solid number to see. The home was not a short sale or a bank owned property.

A stable market (stable being equal sellers and buyers - a balance of supply and demand) or normal market in LakeLand Village in previous years has shown the actively listed homes of inventory to be around 15-20 through the fall and winter months and then pick up to a usual of 30-35 homes for sale after that. The past two years have been an exception as we started to turn and then fully entered the Buyers Market for the area.

None of us has the magic crystal ball as to EXACTLY when a market will change, so remember this:

A Buyers' Market is the time to buy... Now is the better time to get the most home for your dollar in LakeLand Village as well as other areas. Or if you are thinking about "moving up" in a home, this is the better time as well.

Whether you are buying or selling a home, don't put your goals off without talking to a local real estate expert regarding your goals. Each situation is also unique individually.

  ~~Valerie~~

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