Property Search

Snohomish North Real Estate Update – December 2017

Here is the Snohomish North real estate update – December 2017

This report serves Skagit, Snohomish and Whatcom counties.

images

“Normal seasonal slowdowns” are reported by some real estate leaders with Northwest Multiple Listing Service, but other brokers say this holiday season is still drawing crowds at open houses along with competitive bidding in some neighborhoods.

Both inventory and pending sales dipped to their lowest levels since April, while prices still increased by double-digits in most of the 23 counties served by Northwest MLS.

According to the NWMLS, buyers seem to be undeterred by winter weather, holiday festivities or other seasonal or – for the most part — political distractions.

December through early February can be one of the best times to buy a property, with less competition in Snohomish, Skagit and Whatcom counties.

Inventory in Snohomish County is down more than 24%. Measured by months of supply, Snohomish County has 0.89 month supply. In Snohomish County, the medium price for homes and condo’s in Mill Creek was $590,000, while in Darrington it was $191,475. Prices are expected to see some much needed slowdown in 2018 with hopes for a more balanced marketplace.

Here are the stats:

Skagit County:

New Listings: 121     Total Active: 393    Pending: 170    Average Price: $347,692    Months Inventory: 2.50

Snohomish County:

New Listings: 924    Total Active: 1100    Pending: 1332    Average Price: $468,411    Months Inventory: 0.89

Whatcom County:

New Listings: 247    Total Active: 666    Pending: 326    Average Price: $381,093    Months Inventory: 2.16

Let us know how we can help you with your real estate needs. We specialize in Skagit, Snohomish and Whatcom counties.

 

 

Speak Your Mind

*