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2011 Market Report for West Seattle, Washington

2011 Market Report for West Seattle, Washington

2011 Market Report for West Seattle, Washington

West Seattle is a very distinctive area of Seattle, with 14 different neighborhoods and a little bit of everything. Wide beaches, Puget Sound views, several local shopping neighborhoods that feel like little towns all by themselves.

I would characterize West Seattle real estate activity as brisk and picking up based on the experience of the Phil Leng Team. Both of our recent listings had multiple offers shortly after listing them. One sold for full price, and the other sold for $20,000 over full price.

However the overall statistics for West Seattle are sobering. Which of these two categories do you want to be in? The red category, or the green category?
2011 Market Report for West Seattle, Washington
The trend of median sold prices in West Seattle is also rather sobering. The median price fell by 9% over 2011.
2011 Market Report for West Seattle, Washington
Perhaps the good news in West Seattle is that the number of new properties going for sale every month has been dropping over the last year. 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 for West Seattle, Washington
The average Days on Market in West Seattle has also been going down slightly, but this graph would not convince me there is a very strong trend.

My pitch? If you are a serious seller and need to sell this next year in West Seattle, hire the Phil Leng Team.
2011 Market Report for West Seattle, Washington
Disclaimer in regular size print: All data is from the NWMLS and is their property. Accuracy has not been independently verified. Statistics are a bit like humans. If you torture them long enough you can make them say anything you want them to say!
Posted Saturday Jan 07