Lake Forest Park WA Real Estate Market Update | August 2025 Sales Figures

Get the latest real estate market update for Lake Forest Park, WA, with a comprehensive look at August 2025 sales figures. In this video, Chris Byler breaks down key metrics to help you understand the current market trends.

Discover:

• Median Sales Price: Learn that the median sales price in Lake Forest Park was $1,148,000 in August, an increase from $1,040,000 in July.

• Average Dollar Per Square Foot: Find out the average dollar per square foot reached $494, up from $436 in July.

• Pending Sales: See how pending sales compared to the previous month, with eight sales in August versus ten in July.

• Sold Price to List Price Ratio: Understand that homes are selling very close to asking, with a 100% sold price to list price ratio.

• Average Days on Market: Learn that homes sold, on average, in just 7 days last month.

• Absorption Rate: Get insights into the absorption rate, which was 1.8 months, indicating a quick market where it would take less than two months to sell all current inventory based on the current sales pace.

Chris also provides an example of a recent sale: a 1,800 square foot, two-story home near Lake Forest Park Elementary School that sold for $1,100,000.

Whether you're buying, selling, or just curious about the Lake Forest Park housing market, this update provides valuable insights.

If you have questions or comments about this information or the real estate market in general, please reach out!

Chris Byler 206-601-8945

Email: ChrisByler@windermere.com

Website: www.NorthEndHomes.com