Snohomish County Statistics July 2016

Snohomish County HomeSnohomish County HomeSnohomish County Home

Active Inventory

Prices are up 5% over last year same time July 2016 vs. July 2015

2141 brand new listings in July that is up 53 from last month. 2141 total active at the end of the month.

Pending Transactions

Up +3% July 2016 vs. July 2015

2079 units went pending last month that is 62 less however than June.  

Sold Transactions

+9% July 2016 vs. July 2015.

1673 units +11 more than last month

Days on Market

Snohomish County Active to pending 25 days vs. 36 a year ago. Incredible!

Median home price in Snohomish County $387,000!!

Median home price in King County $523,000. Snohomish county is gaining however the gap between King and Snohomish is growing.

Months of inventory

If no additional homes would be put on the market, there would be no inventory left after 1.25 months in Snohomish County. In King County that figure is 1.2 months. A balanced “normal” market is 3-6 months. Buyers’ market more than 6 and Sellers less than 3 months.

Area price % growth based on last Quarter

Bothell + 14%, Edmonds/Lynnwood +5%. Everett/Mukilteo +11%

Snohomish/Monroe + 11%. Lake Stevens/Granite Falls/Arlington/Darrington +7 %. Marysville +7%

New Construction is included in these percentages.  

July 2016 Market Characteristics:

  • Sellers: position your home to get premium pricing.
  • Buyers: need to be Buyer-Ready, Day-One™ to get a home in today’s market.
  • The market continues to be more intense than during the same time in year 2015.
  • Sales activity in King and Snohomish County is lower than a year ago but July 2015 was the best July on record. If we had more homes for sale, we would have had more sales activity.
  • There’s a severe shortage of homes for sale close to job centers. We are virtually sold out, and each new property on the market is getting instant action and most of the time multiple offers.
  • More new listings will lead to a higher level of sales activity.
  • Prices are increasing in the price ranges and the market areas where 90 percent of the sales activity is taking place, leading to premium pricing for sellers in those areas.
  • Interest rates continue to be in the upper threes.
  • Multiple offer everything
  • More new listings come on market from March through October than November through February.
  • More selection but also more intense.

 

Bank Owned deals & squeals~

Find Homes | First Look

Check out the HomePath listings in Snohomish County!

 

Click Link to View Property 1018 E KESSLER DR
SULTAN, WA 98294

3.0 br, 2.0 ba | 1334 sq. ft.
$274,900
Just Listed
Click Link to View Property 17316 117TH PL NE
ARLINGTON, WA 98223

3.0 br, 1.0 ba | 1049 sq. ft.
MLS ID: 1001692
$214,900
Just Listed
Click Link to View Property 115 124TH ST SE APT E7
EVERETT, WA 98208

2.0 br, 1.5 ba | 911 sq. ft.
MLS ID: 1003563
$164,900
Just Listed
Click Link to View Property 6304 98TH PL NE
MARYSVILLE, WA 98270

4.0 br, 3.5 ba | 1044 sq. ft.
MLS ID: 972682
$209,900
Back on Market
Click Link to View Property 202 74TH ST SE
EVERETT, WA 98203

2.0 br, 1.0 ba | 812 sq. ft.
MLS ID: 972702
$219,900
Price Reduced
Click Link to View Property 4404 106TH PL NE
MARYSVILLE, WA 98271

4.0 br, 3.0 ba | 1512 sq. ft.
MLS ID: 972859
$319,900
Price Reduced
Click Link to View Property 21221 CYPRESS WAY
LYNNWOOD, WA 98036

3.0 br, 2.0 ba | 1560 sq. ft.
MLS ID: 959715
$399,900
Active
Click Link to View Property 30 F SARATOGA DR
HAT ISLAND, WA 98206

3.0 br, 3.0 ba | 0 sq. ft.
MLS ID: 956230
$200,500
Active
Click Link to View Property 3702 142ND ST NW
MARYSVILLE, WA 98271

3.0 br, 2.0 ba | 1418 sq. ft.
MLS ID: 974005
$315,500
Active
Click Link to View Property 1505 W CASINO RD # 8
EVERETT, WA 98204

2.0 br, 2.0 ba | 0 sq. ft.
MLS ID: 950835
$169,900
Active

HomePath Agent Matters

Check out our latest newsletter.