"All Things Edmonds" Blog

Shoreline, WA -- Break out the rain coats and umbrella.... Fall is officially here!  In the real estate world, that has translated into lower condo sales in Shoreline, WA. After holding steady the past 2 months, the number of closed sales of condos in Shoreline dipped to just 3 closings in October 2009.  A year ago, there were 5 condo closings. And these numbers are anemic. Back in the hay-day, numbers were much more brisk. In October 2006, for instance, we had 19 condo closings in Shoreline.

I don't expect the volume to change much for the 4th quarter of 2009. But what you might want to consider is the Days on Market (DOM) for listings the next three months. They have fluctuated quite wildly for condos this year. If you have a nice condo, it might actually make sense to list your condo now as marketing time can be as low as two months.

SHORELINE, WA -- Sale of single family homes in Shoreline,WA were down for the third consecutive month. But this isn't all bad news as we usually see a dip in production as we get into the colder, wetter fall and winter months of the year.  In fact,

32 homes sold in October of this year was better than the 27 sold a year ago.  I'm also seeing healthy numbers of homes that are going Pending and off the market, which helps determine inventory levels.

What can we look forward to over the fall and winter months?  Look for real estate sales in Shoreline to be slow but steady.  We're slowly making the turn but these months do tend to be quiet. I'll be looking for steady  - if albeit slow - activity over the next several months. It might take longer to sell in these months but I don't expect sales to dry up completely. Patience is still key.