About Snohomish County, WA

Here are some pictures of the downtown Edmonds, Washington fishing pier and marina. If you would like to have the best real estate buys e-mailed to you as soon as they come on the market, then contact David Sundquist, or visit his website www.davidsundquist.com

What was the real estate market like at Canyon Ridge Condominiums in 2010? Condo sales values in Canyon Ridge Condominiums were much stronger than the 2011 sales report by 27%. The values of condos in 2010 were very stable due to NO short sales or foreclosures being sold in the whole community. The big difference in price comes in 2011, when the first foreclosure shows up and sold for $105,000 while the median price in 2011 without the foreclosure would have been $202,500... OOOOUCH!

Sales in 2010 had a 26% higher $/SQFT (price per square feet) than 2011. The median sales price was $230,625 with the lowest sale being at $197,000.

There were four sales in 2010 in comparison to only three in 2011, and one being a foreclosure that has brought values down dramatically.

Let's hope that 2012 offers stable or increase condo values as I'm sure homeowners would like to sell, but are not able due to their loan payoff exceeding fair-market value.

Here are a few charts that show the market trend for Canyon Ridge Condominiums:

Canyon Ridge Condominiums Real Estate Market Report - 2010 ($/SQFT)

Canyon Ridge Condominiums Real Estate Market Report - 2010 (Original Price vs. Sold Price)

Canyon Ridge Condominiums: $/SQFT comparison 2010 vs. 2011

Canyon Ridge Condominiums: Original Price vs. Sold Price comparison 2010 vs. 2011

View whats currently for sale in Canyon Ridge Condominiums and if you would like to SELL or BUY in Canyon Ridge, contact us directly.

Here is the view of the beautiful downtown Edmonds, WA waterfront.

How is our local market in Lake Stevens, WA. I believe that the market is doing on pretty good considering our country economic situation. If you are in the market to purchase a home in Lake Stevens, WA, please contact us for assistance. We know the area very well and it would be our pleasure to assist. Our city didn't close as many homes as last Dec but the average time on market was a little lower. The homes that were priced correctly sold on average just over a hundred days. Take look at the numbers.

Dec

2011 Closed Units 72 Dn -5.3%
2010 Closed Units 76

2011 Avg Price (Sale) 191,240 Dn -33%
2010 Avg Price (Sale) 285,578

2011 Median Price (Sale) 199,000 Dn -20.4%
2010 Median Price (Sale) 249,950

2011 Avg Time on Market 105 Dn -10.3%
2010 Avg Time on Market 117

As you can see the average home price has dropped from last Dec. There is still activity in the area and great deals out there. We had 421 active and 72 homes sold for the month. Our 5.8 months of inventory is good for this market. There are great opportunities out here to invest your hard earned cash into. Give us a call today for assistance. 425-218-7674

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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