Lakeland Hills, Auburn WA – A Market Snapshot
I know that some folks find market statistics boring. There’s a case for that. Just hearing numbers IS boring.
But I like them. I like knowing what’s going on. When a home is listed or purchased using my services, we talk about numbers. And I know that my clients rely on what I’ve researched prior to making important decisions.
So, all that said, here’s the latest Market Snapshot for the Lakeland Hills, Auburn Washington area. (I’ll try to explain a bit too, so this isn’t quite as boring!) Both charts include reporting through today, June 16th, the half-way point of the month.
This first chart shows how many residential properties have sold in the overall Lakeland Hills community. Residential means everything except condominiums. If the listing agent represented that a townhouse was residential, it’ll be included here.
New Listings indicate how many new properties came on the market in the given month.
Pending Listings include those properties where the Seller and the Buyer came to contractual agreement. Everything was signed and agreed upon, even if there are conditions in the contract.
Closed Sales are properties where the property sale closed — hopefully to the delight of everyone involved!
One quick note … most sales close at the end of the month and are reported to the MLS in the next few days. June statistics should improve once the month ends.
Here’s the for how much chart, which is the information most homeowners really want to know:
Average Sold Price, Resales displays the price for all properties at the time the sale closed, that were not new construction. Pending prices may be higher or lower than the actual price for which a property actually sold, including new construction.
Average Sold Price, New Construction shows the price for only new construction.
A quick comparison here clearly indicates that New Construction tends to sell more in Lakeland Hills than do resale properties. It’s sometimes a frustrating point for sellers; however, careful preparation and good marketing of a resale property can bring these numbers much closer together.
If you’re interested in keeping an eye on what’s happening in your neighborhood yourself, whether Lakeland Hills or otherwise, be sure to enroll in my “on-demand” Market Snapshot tool. By entering your own address, you’ll see updates every month or so for activity around your own neighborhood.
For specific analysis, don’t hesitate to contact me and I’ll personally run the numbers for you, playing close attention to how your own home compares to other properties nearby.