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Replies (1)
- Lorelei Windhorn, "lwindhorn"
- Contributions:86
Hi Pete
Currently, there is about a 9.5 month inventory of SFRs in Lakeland Hills. Median sales price is $299,950, compared to $361,500 over the corresponding period one year ago (17%). Condos are even more dismal, with a 19 month supply and a median price of $212,000, down from $245,000 a year ago (13.5%). An unusually high rate of foreclosures is contibuting to the dramatic decline.
The larger Auburn area (including downtown, west and east hills, and Algona and Pacific, in addition to Lakeland) shows a 13.5 month inventory for SFRs, and a median price of $268,850, down 14.9% from $315,950 last year.
Last year, 252 homes sold after a median 67 days on the market; this year, marketing time dropped slightly to 65 days, but only 152 homes have sold.
Hope this helps!
Auburn Real Estate Market?
How is the Auburn Real Estate market holding up? I know Lakeland Hills seems to be slowing but there still seems to be some action! Anyone have any information on the state of the local market?
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