The following information was current as of April 15th, 2008.
| Single Family Homes Currently for Sale | 52 | ||
| Under $500,000 | 25 | ||
| Over $1,000,000 | 0 | ||
| Lowest Priced Single Family House | $349,500 | ||
| Highest Priced Single Family House | $999,500 | ||
| Median Home Price | $514,000 | ||
| Average Days on Market | 57 | ||
| Current Market Trend | Balanced Market | ||
| Condominiums Currently for Sale | 8 | ||
| Under $500,000 | 8 | ||
| Over $1,000,000 | 0 | ||
| Lowest Priced Condominium | $185,000 | Mortgage Information | |
| Highest Priced Condominium | $295,000 | ||
| Avg. 30 Year Fixed | 5.750% | ||
| Median Condo Price | $207,475 | Avg. 15 Year Fixed | 5.250% |
| Average Days on Market | 79 | Avg. 3/1 ARM | 5.625% |
| Current Market Trend | Balanced Market |
Maple Leaf continues along the trend with much of the northeast region of Seattleand is still in good shape. While many neighborhoods are squarely in favor of buyers, Maple Leaf is still balanced. In fact if my office is nay indication, there has been a significant upturn in activity in recent days. We are heading into the busy season and rates are still low. Rates did tick up overnight, but nothing to be alarmed about.
Thinking of selling your home? Enroll in my free home sellers program. Receive a report showing market data in your neighborhood along with all the homes that have sold in your area in the past six months. Included with the report, you'll get a free booklet called "Sell Your House Fast, For Top Dollar". As an added bonus you will be added to my newsletter list to receive even more information on selling your home each month. All free! Call, click, or e-mail me to get started.
Residential Real Estate Specialist. My specialty is first and second homes, single family, townhomes and condos, under $750,000. I gladly pay 25% referral fee for relo clients.
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I work up here in Shohomish County. I compare and review Snohomish County residential and condominium sales statistics in every 60 day period. Cmparing yesterday to a benchmark on February 11th, here's what we have: 1. Housing inventory is up 12%. 2. Market time has remained nearly constant. 3. The price of active listings at the median is down approximatley 1%. 4. There has been a 29% increase in the volume of pending sales which is indicative of the season. 5. Better yet, there was a 41% increase in the number of closed transactions from the prior two month period. 6. The bustling segment of the market, was, no question, the price range of $300k-$350k, with 308 sales, yes we have good inventory in that bracket. 7. Meanwhile the median price of sold homes has continued to drop, in this period, 1%. 8. The median price in Snohomish County is now $333,500. In my view, the high water mark was in June, 2007. On June 11th, for example, the median price was $353,607. That $20,000 difference equates to a 5.7% drop. Of course, I gathered these numbers from NWMLS.
What does that mean? Well, if you are a seller and have lived in your home for 5 years, your market value is still 60 % above what you purchased for. If you are a buyer, you have before you, the best buyer's market that we have had since 1991. Depending on your individual situation, some would do better to wait and some should act fast.