Reaching the tail end of the “dog days” of summer the Cedar Park real estate market is still relatively brisk. I only say relatively because the inventory level is below the normal summer inventory levels. The low levels have created a competitive market place for home shoppers in the Cedar Park neighborhood.
A good indication are the amount of homes that are currently under contract, pending, 7 in the last 30 days. The demand is greater than the supply, the number of new homes coming on the market isn’t keeping pace with the buying activity.
Cedar Park market snapshot
The median sales price for the 3 properties that sold was $550,000, and the average market time, 7 pending and 7 active listings.
Seattle’s Cedar Park neighborhood is perhaps one of the best kept secrets in Seattle. Homes for sale in Seattle’s Cedar Park typically move fairly quickly due their tremendous location. Cedar Park’s eastern border is Lake Washington. Waterfront homes for sale in Cedar Park are much sought after because of great views and the many recreational opportunities afforded by Lake Washington.
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For any additional information regarding the Cedar Park area contact Adrian Willanger 206-909-7536. More….