About Seattle's Metropolitan Seattle

2011 Market Report for Seattle, Washington

2011 Market Report for Seattle, Washington

Seattle real estate is often under the microscopes of many people. Often folks will think of Seattle as the Benchmark of most economic activity in the Puget Sound Region. Well, it's not even the focal point today. Metropolitan Seattle (including those cute little neighborhoods that want in) does have an impact on the region as a whole. A 2011 Market Report for Seattle does require "special attention" due to the sprawling nature of the area, but the real estate activity here in Seattle was on a lot of peoples minds this last year. Parts of the area seemed insulated, other parts seemed like the National trends. Now that the year is over we can analyze and report activity, averages and trends. The Phil Leng Team has been doing real estate transactions here since 1981, observing and participating in each year and its data.

Seattle real estate activity didn't follow the national trends, but as prices went down sales went up, inventory reduced and mortgage rates are at an all-time low. With so many optimal aspects in the market, why isn't it just taking off? Stay tuned. Based on the experiences and observations of the Phil Leng Team, 2012 is the right time for you. We have sold many homes this past year, with an average market time of 49 days. Reaching the appropriate consumer is the key to the Team's solid record. Let us serve you as well.

The overall statistics for Seattle are sobering (see below). Trends are difficult at best to capture. The two most prominent aspects of the market are untimately quite simple: Which of these two categories do you want to be in? The red category (real estate transactions on "hold", "pending", incomplete) or the green category (real estate needs accomplished - sold or bought in time)? The Phil Leng Team will help you accomplish your real estate goals now.

The trend of median sold prices in Seattle is, from this next graph, fluctuating significantly. Do you see the corelation between reduced inventory and solds?

Some of the good news in Seattle 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 14%. How does that ring for you?

The average Days on Market in Seattle appears tough to anticipate. Even within Seattle proper it requires a high degree of professionalism to be where the market is going. Just look at The Phil Leng Team's happy clients.

If you are a serious seller and need to sell, the next graph is good news. The Months supply of inventory in Seattle, Washington has gone down. The graph shows 48% over the year, however it will not actually be by that much once the seasonally-removed properties come on the market this spring. But we believe this is a real trend. Take advantage of it now.

The Phil Leng Team is here for you now.

If you are a serious seller and need to sell this year in Seattle, hire the Phil Leng Team. We have the experiences and the track record to help you reach your real estate goals this year.

All data for this 2011 Market Report for Seattle, Washington is from the NWMLS and is their property. Accuracy has not been independently verified.

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