Market Mondays: Edmonds

Edmonds is one of Washingtons most picturesque cities, with views of the Puget Sound, Olympic Mountains and Cascade Range.  One can see why it has become one of the Seattle area’s most desired locations to live. Come visit me this weekend at A Taste of Edmonds! A Taste of Edmonds is August 8th, 9th and 10th as well as Washington’s 3rd largest 3 day festival.  There will be arts and crafts, 35 food vendors, entertainment, beer/wine gardens as well as myself with John L Scott Real Estate if you are interested in getting to know me and the area a little more or know someone who is!

Scroll down the page for a snapshot of how home sales and prices have trended in Edmonds over the past  fifteen months. You’ll see sales and inventory levels, $ per square foot values, and inventory levels expressed in months of supply. I use $ per square foot averages as an indicator of how the overall market is trending. Bear in mind the percentages will differ within specific price ranges. It’s interesting to follow the “Pending” sales trend lines which is an indicator of which direction the market is heading. Note that June sales are down 10% from 2013, while Pending are up over 40%. That’s huge!

As of August 4th, the last 30 days have seen an increase in pending sales from 28 to 34 pending sales and a jump from 24 sold in June to 41 sold in July! August will be another big month of closed sales! 

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