2011 Market Report Condos for Bothell, Washington

2011 Market Report Condos for Bothell, Washington

2011 Market Report Condos for Bothell, Washington

Real estate and politics were on a lot of residents minds this last year. Now that the year is over we can report activity, averages and trends.

Bothell real estate activity was brisk based on the available data and the experience of the Phil Leng Team. We have sold many homes in Bothell this past year, with an average market time of 49 days!

However the overall statistics for Bothell 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. Let's go Green!

The trend of median sold prices in Bothell is down dramatically from this next graph. Again, I like to emphasize the last quarter of 2011 for more trend significance.


Perhaps the good news in Bothell 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 is down 46%.


The average Days on Market in Bothell has risen dramatically and this next graph indicates there is a distinct market change in process. If a condo is not priced right it can sit on the market indefinitely.


If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Bothell, Washington has gone down. The graph shows 74% over the year.



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

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