The Phil Leng Team: Washington: Lake Forest Park

2011 Condo Market Report for Lake Forest Park Washington

2011 Condo Market Report for Lake Forest Park Washington

2011 Condo Market Report for Lake Forest Park Washington

Lake Forest Park condos were hard to sell this last year. A lot available, and only a few sold. Now that the year is over we can report activity, averages and trends.

I would characterize Lake Forest Park real estate activity in general as brisk based on the experience of the Phil Leng Team. We have sold 68 properties this past year, with an average market time of 49 days! But the condo market was slow.

The overall statistics for condos in Lake Forest Park are sobering. Which of these two categories do 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 Lake Forest Park Washington

The trend of median sold prices in Lake Forest Park seems to have been lower in the second two thirds of the year, yet with an uptick this Fall. We could conclude that prices of condos have hit bottom and are holding steady, but it is too early to declare that yet.


2011 Market Report Condos for Lake Forest Park Washington

Only a few condos entered in the Lake Forest Park area in 2011. There was the typical surge of newly listed condos for sale in Spring and Summer. I do not see a solid trend.


2011 Market Report Condos for Lake Forest Park Washington

The average days listed for condo properties on the market in Lake Forest Park was 60 days or less many months. The high for the average days on market for Lake Forest Park in June with 180 days. I think that is rather good news!


2011 Market Report Condos for Lake Forest Park Washington

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Lake Forest Park Washington has gone down. The graph shows 100% over the year. I believe this is a real trend as those who do not really need to sell simply defer their plans until a later time. If you really do need to sell your condo in Lake Forest Park, call the Phil Leng Team!


2011 Market Report Condos for Lake Forest Park Washington

My pitch? If you are a serious seller and need to sell this next year in Lake Forest Park, 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 Condo Market Report  for Lake Forest Park, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.


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Comment balloon 1 commentPhil Leng • January 18 2012 07:24PM
2011 Condo Market Report for Lake Forest Park Washington
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2011 Condo Market Report for Lake Forest Park Washington 2011 Condo Market Report for Lake Forest Park Washington Lake Forest Park condos were hard to sell this last year. A lot available, and only a few sold. Now that the year is over we can report… more
2011 Market Report for Lake Forest Park Washington
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2011 Market Report for Lake Forest Park Washington 2011 Market Report for Lake Forest Park Washington Lake Forest Park real estate was on a lot of peoples minds this last year. Now that the year is over with this 2011 Market Report for Lake Forest… more
Charming and Beautiful home!
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Charming and Beautiful home! Charming and Beautiful home! 3008 NE 190th St, Lake Forest Park 98155 $239, 900 Feel charmed in this updated 1949 cottage. Real hardwood floors! Beautiful eating area invites you in the kitchen. 3 BR & 2 baths on the… more