Snohomish County Washington Real Estate area market statistics

By
Real Estate Agent with Keller Williams Realty

Snohomish County WA Real Estate and homes for sale. The Real Estate Market is not a national market, but a local one.  Each area is different depending on job growth and housing supply.
In some areas, it's a seller's market. In other areas, it's a buyer's market. Some areas are neutral.
The fact remains that while there are more homes on the market and they are taking slightly longer to sell, the market is not nearly as bad as the media would like you to believe.
I personally believe what we are seeing is a NORMAL market for Snohomish County real estate.  Snohomish County area homes for sale aren't being snatched up in the first few days and they are not selling for more than the list price.
I think many people (including the media) thought that our past HOT market in Snohomish County was normal.
As the following numbers will show.

Area Market Statistics
Snohomish County homes sold in the 4th Quarter of 2007: 1732
Median Market time:  62 days
Median Sale price:  $358,833

Snohomish County homes sold in the 4th Quarter 2006: 2837
Median market time: 38 days
Median Sale price: $358,000

While we may not have seen an significant increase in values, home prices are not going down.
For those who are waiting to see when prices will bottom out, you may be missing the boat.
I believe that as the market picks-up in other parts of the country, we may be looking at another large increase in home values.  This could put many out of the market.
With interest rates near all-time lows, now could be the best time to purchase your next home or investment property.

We would like to also let you know that we have seen in increase in buyer activity over the past few weeks as more buyers are beginning to search for homes.

For information on the real estate market and homes for sale in specific areas of Snohomish County, including Everett, Marysville, Snohomish, Monroe, Lake Stevens, Granite Falls, Arlington, and Stanwood
Please visit our website at www.barbsbestbuys.com.  If you would like to recieve information on other areas in northwest Washington, please send us an email and we would be happy to check the statistics in your area.

If you are considering buying or selling a home in Snohomish County or other nearby areas please give us a call.

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Don Davis, Northwest Mortgage
I'm glad to see the voice of reason and truth.  I'm tired of other agents not understanding what is going on in our market.  from the financing end we have dealt with a lot over the last year and I know that has a large effect on what the media has hyped as news.  Most of that has been National because steady home values are not making the news. Although it should with this region enjoying some reletive stability compared to the rest of the nation.  We need to make an effort to continue to promote and educated our market to our neighbors.  As long as our community understands what is going on here then we'll continue to do well. -Don Davis
April 10, 2008 06:55 PM #1
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Scott, Barbara & Kim Bullard

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