The Phil Leng Team: Washington: Federal Way

2011 Market Report Condos for Federal Way, Washington

2011 Market Report Condos for Federal Way, Washington

2011 Market Report Condos for Federal Way, Washington

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

Federal Way condo activity was brisk and picking up based 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 Federal Way 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 Federal Way, Washington

The trend of median sold prices in Federal Way is inconsistent from this next graph.   The February spike seems to have influenced the overall data.  The median price in this 2011 Market Report for Federal Way, Washington appears to have gone down 32%.
2011 Market Report Condos for Federal Way, Washington

Perhaps the good news in Federal Way is that the number of new properties going for sale every month has been steady over the last year. It looks like the trend of new listings every month in this 2011 Market Report Condos for Federal Way, Washington is down 7%.
2011 Market Report Condos for Federal Way, Washington

The average Days on Market in Federal Way appears to be decreasing significantly. The graph shows a 21% drop in days on the market. 
2011 Market Report Condos for Federal Way, Washington

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Federal Way Washington has gone down. The graph shows 81% 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 Condos for Federal Way, Washington.
2011 Market Report Condos for Federal Way, Washington


Conclusion: If you are a serious seller and need to sell this next year in Federal Way, 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 Condos for Federal Way, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.


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The Phil Leng Team

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Comment balloon 1 commentPhil Leng • January 22 2012 08:07PM
2011 Market Report Condos for Federal Way, Washington
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2011 Market Report for Federal Way, Washington
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