The Phil Leng Team: Washington: Kent

2011 Market Report Condos for Kent, Washington

2011 Condo Market Report for Kent, Washington

2011 Condo Market Report for Kent, Washington

Kent 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  Condo Market Report  for Kent, Washington.

I would characterize Kent real estate activity as brisk and picking up based on 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 Kent 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!
2011 Market Report Condos for Kent, Washington

The trend of median sold prices in Kent is slightly lower from this next graph. The median price in this 2011 Market Report Condos for Kent, Washington appears to have gone down 18% through 2011.
2011 Market Report Condos for Kent, Washington

In Kent, the number of new properties going for sale every month has seen some movement over the last year. Since a high of 50 in June 2011, the number of properties on the market have been falling. It looks like the trend of new listings every month in this 2011  Condo Market Report  for Kent, Washington is down 32%. If you like your house, and do not need to sell it in the next 5-10 years, why put it up for sale? It is just an aggravation for you.
2011 Market Report Condos for Kent, Washington

The average Days on Market in Kent,  from December 2010 was 122 days to 114 days in 2011.The graph shows a 7% decrease in days on the market. I believe that correlates with the other graphs I have presented. Perhaps folks who have tried to sell for prices the market would not bear have decided to stop trying, and the people who are selling now are serious sellers.
2011 Market Report Condos for Kent, Washington
If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Kent, Washington has gone down. The graph shows 75% 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 Condo Market Report  for Kent, Washington as those who do not really need to sell simply defer their plans until a later time.
2011 Market Report Condos for Kent, Washington


My pitch? If you are a serious seller and need to sell this next year in
Kent, 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 Kent, 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 0 commentsPhil Leng • January 18 2012 07:01PM
2011 Market Report Condos for Kent, Washington
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