Bonney Lake/Lake Tapps Economic Real Estate Snapshot
Bonney Lake/Lake Tapps areas as of November 2008, the median price of sold homes is $339,950, which is a decrease of 8.8% Year to Date. The average days on the market for sold homes in the Bonney Lake/Lake Tapps area increased only slightly from 118 to 122 days. There are approximately 9.1% less homes on the market in November 2008 than in November 2007. The market is correcting itself and most are optimistic that the first quarter of 2009 should bring a rebound.
This real estate snapshot was written by Cathy Wahlin, and intended to give you an idea of the market in the specific areas that I serve. The data was taken from the Northwest Multiple Listing Association. If you have more in depth questions that you would like me to research for you, please let me know. I can be reached at 253-315-1758 or e-mail Cathy.
