Lake Forest Park home prices and inventory levels trending up
Housing inventories in Lake Forest Park have been trending upward since late February of 2012; while the average days on market has continued to decrease since the high-water mark in February 2102, falling from 157 day average to a 117 day average into the first week of May 2012.
Inventory levels and selling prices both starting trending upward towards the end of February 2012, both coming off of two year lows, the median selling price now is hovering around $283,000.
Lake Forest Park
The City of Lake Forest Park is located just north of Seattle, it’s occupies the northwest corner of Lake Washington. Lake Forest Park is anchored by the Lake Forest Park Town Center which has over the years become a “third place” for many residents.
The average days a listing in Lake Forest Park stays on the market has declined sufficiently from early February 2012, when the average days on the market for a listing reached 157 days. Active listings in February reached their lowest level since September 2011 and have little by little starting to gain numbers.
Lake Forest Park is filled with residents who love outdoor activities and being right next door to the Burke Gilman Trail provides health enthusiasts a convenient outlet to walk, run and cycle along the shores of Lake Washington from Gas Works Park through Lake Forest Park and continuing to Ste. Michelle Winery in Woodinville.
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