Edmonds Real Estate Market

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August 10, 2011

August 2011 Edmonds Real Estate Market Conditions

By Jim & Judy Hopper

August Inventory & Absorption Graph

Our local market continuse to remain strong and we are not have the normal summer slow down that normally occurs in this area. There are also some properties that are receiving multiple offers. While there are still short sales in the market only about 14% actually close so be carful pursuing that market. The banks now want you to have your inspection before you make an offer and most want 90 days to consider it after they receive it. Interests rate hit a low of 4.125% this week and no one knows what will happen there even next week. It is nice to see that summer is in full swing after all the overcasts day we have just had. If you like to fish you can now catch Pink Salmon off the local beaches for the next month.



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Windermere Real Estate Jim & Judy Hopper

Windermere Real Estate
Jim & Judy Hopper


4019 170th St West
Lynnwood, WA 98037
OFC: 206-949-8895
WEB: http://northwestrealestate.com/

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