Issaquah Undressed Merchants & Sponsors

It May Be Foolish To Delay Your Condo Purchase

Paid Advertisement by Tanglewood Condominiums in Klahanie, Issaquah, Wa.

The two charts below make the point - advertisement or not. Tanglewood Condos are the few under $300,000 - starting in the mid 200’s, and this market had a huge turn around last month.

Notice what happened in August. The days on market in this price range dropped from 124 to 48. A huge turn around. The asking price vs actual sale price was 99% of asking price. In the second graph you see the components that make up the number of months condominium inventory on the market. It too is dropping. This compares inventory vs sales, the absorption rate.

To top it off, Tanglewood recently dropped their prices, they have less than 30 of the 90 units left. This may be the opportune time to visit Tanglewood. Click here to see their website.

The 3rd chart shows the August months inventory of condominiums down from 10.3 months to 5.8….

This data is taken from the NW MLS, is on August and the 14 previous months, considers condominiums under $300,000 only. Closed sales are reported by the listing agents and the buyers agents into the MLS after the sale is completely closed.