Stanwood, WA - Market Update – January 18, 2008 Snapshot

Fri, 18 Jan 2008 23:02:58 -0600

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 in Stanwood for residential homes.

Price	Total # Homes	# Pending Sales	Percentage (Demand)	Average # Days on Market
$100-150K	0	0	n/a	n/a
$150-200K	5	2	40%	39
$200-250K	19	0	0%	72
$250-300K	29	2	7%	81
$300-350K	41	4	10%	102
$350-400K	23	1	4%	128
$400-450K	26	3	12%	136
$450-500K	21	2	10%	98
$500-550K	14	0	0%	79
$550-600K	15	0	0%	104
$600-700K	10	0	0%	83
$700-800K	9	0	0%	108
$800-900K	3	1	33%	143
$900-1 million	1	0	0%	50
over 1 million	9	0	0%	146
TOTAL	225	15	7%	102

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What does this mean?

Sellers, if you are under $200,000, priced right and your property shows well, then get ready to move, chances are good you'll see an offer and fairly quickly! Pricing and condition are key, as there is a lot of competition.

Buyers, there is plenty of inventory to choose from, but don't wait too long, homes are moving fairly well.

Looking over the data from last month compared to today, the sales have held steady at 7%. The average days on market for listings has gone down slightly from 115 in December to 102 today. I think we will see a little burst this spring, so be prepared.

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

Localism: Stanwood, WA

Stanwood, WA - Market Update – January 18, 2008 Snapshot