The Phil Leng Team: Washington: Auburn

2011 Market Report Condos for Auburn, Washington

2011 Market Report Condos for Auburn, Washington

2011 Market Report Condos for Auburn, Washington

Auburn real estate was on a lot of residents minds this last year. Now that the year is over we can report activity, averages and trends in this 2011 Market Report Condos for Auburn, Washington.

Auburn condo activity was brisk and picking , on the available information and the experience of the Phil Leng Team. We sold 68 homes this past year, with an average market time of 49 days.

However the overall statistics for Auburn are sobering. Look at this graph. The red bar is the number of houses for sale in any given month. The Green bar is the number of houses sold in any given month. Which of these two categories would you want to be in? The red category, or the green category? If you use The Phil Leng Team to sell your property this year, we will help you get into the sold category.  Let's go Green!
2011 Market Report Condos for Auburn, Washington

The trend of median sold prices in Auburn is downward year-over-year. The median price in this 2011 Market Report Condos for Auburn, Washington is down 40%.

2011 Market Report Condos for Auburn, Washington

Perhaps the good news in Auburn is that the number of new properties going for sale every month has been dropping over the last year. It looks like the trend of new listings every month in this 2011 Market Report for Auburn, Washington is down 16%.
2011 Market Report Condos for Auburn, Washington

The average Days on Market in Auburn has been going down dramatically. Perhaps people think the market is going back to 2005?  Don't think so.  The graph shows a 36% drop in days on the market.
2011 Market Report Condos for Auburn, Washington

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Auburn, Washington has gone down. The graph shows 84% over the year, however it will not actually be by that much once the properties come on the market this spring. But I believe this is a real trend from this 2011 Market Report for Auburn, Washington.
2011 Market Report Condos for Auburn, Washington

Conclusion: If you are a serious seller and need to sell this next year in Auburn, hire the Phil Leng Team. We have the experience and the track record to help you reach your real estate goals this year.

All data for this 2011 Market Report for Auburn, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.


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Comment balloon 0 commentsPhil Leng • January 22 2012 09:09PM
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