Camano Island, WA

Camano Island, WA - Market Update – January 18, 2008 Snapshot

01-18-08

Jen Hudson - Stanwood, Camano & Arlington,WA

my blog
(360) 652-1200

Welcome to the first 2008 snapshot of what is going on in our market place today, January 18^th.

The supply and demand in real estate is best gauged by looking at the number of pending sales. Here is a snapshot of what our market looks like today on Camano Island for residential homes.

Price	Total # Homes	# Pending Sales	Percentage (Demand)	Average # Days on Market
$100-150K	1	0	0%	137
$150-200K	18	2	11%	92
$200-250K	21	2	10%	86
$250-300K	31	0	0%	76
$300-350K	28	0	0%	158
$350-400K	33	1	3%	88
$400-450K	18	1	6%	75
$450-500K	35	2	6%	166
$500-550K	14	0	0%	148
$550-600K	20	0	0%	165
$600-700K	28	0	0%	115
$700-800K	18	0	0%	106
$800-900K	11	0	0%	131
$900-1 million	3	0	0%	248
over 1 million	14	1	7%	147
TOTAL	293	9	3%	120

What does this mean?

Sellers, let's be honest. The market on Camano Island is challenging right now. Some of the best price ranges to be in are $150,000-$250,000 but there is a lot of competition. Pricing, condition, and marketing are key in order to get your home sold. But, homes are still selling and buyers are out there. If you are selling your home, make sure you have an experienced agent who knows the market and your local area.

Buyers, there are a lot of choices and many sellers are willing to negotiate. Don't think that means you can expect a lowball offer to go through without a hitch. Many sellers still know what their homes are worth and are willing to wait.

Looking over the data from last month compared to today, the sales have dropped slightly from 4% to 3%, but the average days on market for listings has also decreased slightly from 143 in December to 120 today. I think we will see things pick up soon. Camano Island is certainly a gorgeous place to live and a very unique community.

If you are thinking about selling your home in or moving to Stanwood, Arlington, Marysville or Camano Island, give me a call.

Jen Hudson, GRI (360) 652-1200 or jen@jenhudsonhomes.com

3 Comments

Camano Island Home for Sale

10-08-07

Ben Kinney

my blog
(360) 543-0966

Ben Kinney | Home4Investment Real Estate Team - Keller Williams | 877-512-5773

897 James Way, Camano Island, WA

3-bed, 2-bath rambler on 1.25 acres. Close to nature on west side
of Camano Island.

3 Bdrm Single Family House

offered at $325,000

Year Built	1992
Sq Footage	1,492
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	1.25 acres
HOA/Maint	$0 per month

DESCRIPTION

West side of Camano Island, 1.25-acres, raised gardens, walkways thru the forest, plenty of room for motorhome/boat/toy storage, 2 storage sheds, and more! This 3-bedroom/2-bath rambler is on a dead-end street. It has an operative woodstove in addition to the forced air heating. There is room for an additional master bedroom and bath. This is a must-see home for a family, the near retirement group, or anyone wanting to be closer to nature! How about a peacock in your yard, or wild birds?