2011 Market Report Condos for Edmonds, Washington

2011 Market Report Condos for Edmonds, Washington

2011 Market Report for Edmonds, Washington

Edmonds 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.

Edmonds real condo activity was slow and steady, based on the available information and the experience of the Phil Leng Team. We have sold many homes this past year, with an average market time of 49 days. Apparently our marketing gives sellers the success they're looking for.

However the overall statistics for Edmonds 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 Edmonds is significant. The median price appears to have diminished, except the last quarter, through 2011.


Perhaps the good news in Edmonds 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 41%.



The average Days on Market in Edmonds has had dramatic swings, with the last quarter of 2011 being more grounded and, optimistically, a better benchmark.


If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Edmonds Washington has gone down. The graph shows 29% over the year, however it will not actually be by that much once the properties come on the market this spring.

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

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