November Real Estate Market.. HOT, HOT!

 

Snohomish County Statistics as of November 2016

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November is known for being on the cold side and normally signs of a slowing Real Estate market as everyone starts to buckle in for the winter and holidays. Not this year however! November was smoking hot with only 1.4 month of inventory and buyers were snatching up everything they could. I saw multiple offers skyrocketing and bidding wars with some homes being bid up 100K. The picture to the left is a Bothell home that had 32 offers and was bid up 95k! Crazy!!

Here are your local inventory stats.

 

Active Inventory

 +17% November 2016 vs. November 2015

1111 available homes currently on market -800 vs. last month.

Pending Transactions

Up 1% November 2016 vs. November 2015

1528 units -88 vs. last month

Sold Transactions

+27%!!! November 2016 vs. 2015

1452 units -182 than last month

Days on Market

Snohomish County Active to pending 33 days vs. 47 a year ago up 7 days from last month.

Median home price in Snohomish County 399,000 +14% last year.  Up $7,000 from last month.

Area price % based on last Quarter

All percentages are up and also include new construction

Bothell + 16%, Edmonds/Lynnwood +17%. Everett/Mukilteo +12%

Snohomish/Monroe+ 11%. Lake Stevens/Granite Falls + 17%.

Marysville +14%

King County Median home prices are $523,000 + 16% over last year and up $6k from last month.

Woodinville area Median price is $550!!

National Open House Weekend is here!

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REALTORS all over are preparing to take part in one of the biggest 2-day housing events of the year in Real Estate. This Weekend is OPEN HOUSE Weekend and I will be holding these two great houses open.  Here are two incredible houses that if your house hunting you should not miss!

Jeff New

 5322 114th St SE, Everett 98208– $355,000- Snohomish Schools!  Come and see me on 5/17/2014 from 3-5

Welcome Home to Splendid Views of the Valley and Majestic Mountains from your front patio and upper level. Beautiful 4 bedroom, 2.5 baths with great room concept and large loft upstairs. Open kitchen w/lots of storage, NEW SS appliances including Refrig, new sink & disposal, walk-in pantry & adjacent dining area. New Paint and carpet. Snohomish Schools. Private setting bordered by greenbelt. Large fenced yard and terraced garden areas. Located at the end of a private drive in a quiet community.

FrontKitchen1

13328 S Machias Rd, Snohomish 98290- $369,000. Come and see me 5/18/2014 from 1-3

Stunning and Grand this sophisticated home will make all your friends envious! Tastefully and completely remodeled from the studs out with the finest of details throughout. You will be amazed by the high attention to detail. Dream Kitchen with Quality Cabinetry, Stainless appliances & Designer lighting. Dining area, Living room, Family room, Office nook, Pellet stove, Wood stove and Full bath on the main. Four bedrooms and a large partially fenced yard complete the package of a home you can just move on into!