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Edmonds WA Real Estate Market Conditions February 2013

Edmonds Real EstateThere are a lot of factors that I look at to determine market strength. They include: inventory levels, actives, sold, pending, percentage of short sales and bank owned properties, and what the absorption rate is. Even using all that data it is difficult to provide [Read more…]

Edmonds WA Real Estate Market Conditions January 2013

I often wonder what is best way to describe the real estate market in Edmonds. Most people I found are looking for accurate and useful information that they can use to make decisions on whether or not the buyers sell a property. Most of what I do here in this blog is to give you my impression of what is going on and then supported with the use of graphs or other documentation so that you can rely on the information. The lack of inventory is causing [Read more…]

Edmonds WA Real Estate Market Conditions December 2012

It has been intriguing how fast Edmonds has recovered from the problems the real estate industry has been through the last few years.
At present the inventory is still very much in short supply and at present we have less than two months of inventory remaining. Hypothetically, if nothing is listed the current inventory will be depleted just under two months. This of course is put pressure on prices and buyers are scrambling to get their first in order you have a shot at a newly listed home. The average sales price compared to listed price is currently running at [Read more…]

November 2012 Edmonds Market Update

The holiday season is upon us. I always find this time of the year interesting. The perceptions by the buyers is that the sellers who have listed their home on the market at this time of the year are [Read more…]

Edmonds WA Real Estate Market Conditions October 2012

This report is based on the price range from $300,000 to $550,000
There is still high pressure on the amount of inventory that is available. At present the months of inventory based on close sales is just slightly less than two months. The average days on market compared to last year at this time is down [Read more…]

Edmonds WA Real Estate Market Conditions September 2012

The information in this report is based on non-distressed property in Edmonds Wa priced in the range from $250,000-$550,000

In looking at the available data on recent market activity compared to August of 2011 you might find this of interest. In 2011 the number of sales for August were 13 in 2012 the number sales [Read more…]

Edmonds WA Real Estate Market Conditions August 2012

The information in this report is based on the price range from $250,000-$550,000

Increased competition for the limited inventory of non-distressed property in Edmonds has helped push the average sales-to-list price ratio to [Read more…]

July 2012 Edmonds Real Estate Market Conditions

If you’re considering selling you have to love pictures like this. After four years of having a real estate market with declining values in extended market times. The trend is reversing. In case the chart above is difficult to read here the important facts to consider. The number of homes on the market (52) has been steadily dropping while at the same time the sales  [Read more…]

June 2012 Edmonds Real Estate Market Conditions

June 2012 Edmonds Real Estate Market Conditions
Currently in Edmonds real estate market remains strong. When comparing March 12 to May 12, 2012 to the same time for 2011. The inventory for sale has dropped by 42%  while at the same time the properties that are being reported the sold have increased by  [Read more…]

May 2012 Edmonds Real Estate Market Conditions

As this is being posted the inventory continues to drop and it is more common to have multiple offers on a new listing than not.

[Read more…]