Valerie's Belfair WA Real Estate Blog: LakeLand Village~Homes for Sale~Homes Sold~Market Report~LakeLand Village

LakeLand Village~Homes for Sale~Homes Sold~Market Report~LakeLand Village for the month of May

Spring is in the air, the weather can't decide whether it wants to rain or not, the days are longer and brighter with the time change; we made it through the wet, rainy Memorial Day weekend - so it's GOT to get better - right??

So what's the real estate market doing this spring season for homes for sale in LakeLand Village ? Just as the weather seems to be fairly uunpredictable in the spring season, the real estate market seems to be following the same pattern in some areas.  Although LakeLand Village has seen a steady rate of 2 homes sold per month on the average over the past year.

We had great hopes of having many buyers out and about to be able to take advantage of the  First Time home buyers tax Credit as well as the expansion credit to current homeowners, and LakeLand Village did show four sold homes in the month of April, but there were no buyers who came under contract during the month of April....  one home was placed under contract during the month of May as well and there is still one that has not closed that is still pending that was put under contract in March. I believe this was a short sale hence the reason it has not closed as of yet. 

Pending sales and solds do reflect that the buyers are all shopping in a price range of well under $350,000 for the most part...  Hmmm.... if you are selling your home these are really important numbers to be looking at!

The inventory of homes for sale in LakeLand Village is at 27 active homes for sale listed with Real Estate Agents. It has stayed consistent for quite a few months with some homes coming off the market, some receiving offers and being sold. This time of year is typically when we do see more homes come on the market for sale and this year is actually light on inventory for this time of year as compared to previous years.

Active Homes for Sale In LakeLand Village:

• Average Price : $316,254
  • (2) under $200,000
  • (4) $200,000 to $250,000
  • (6) $250,000 to $300,000
  • (9) $300,000 to $350,000
  • (3) $350,000 to $400,000
  • (2) (400,000 to $450,000
  • (1) over $500,000
• Average $$'s per square foot : $146.38
• Average Days on the Market: 256 days

Pending Homes Sales in LakeLand Village:

Out of the many homes for sale in LakeLand Village over the last six months, there are currently 3 homes for sale pending (meaning they have mutually accepted offers on them between buyer and seller). The summary is:

• Average Price : $279,225
• Average $$'s per square foot : $107.43
• Average Days on the Market: 416 days

Sold Homes in LakeLand Village:

There was only one home that sold in the month of May in LakeLand Village

It was a bank owned property as well.  It did sell at an average $$ per square foot of $137.15 which is higher than the current pending average and more in line with normal resales.  

• Average Price : $158,000
• Average $$'s per square foot : $137.15
• Average days on market : 89 days.  This shows it was a fairly priced home and in the price range buyers were buying quickly in!

HAVE A SUPER DAY!  See ya next month!