Snohomish County Real Estate Blog, News, & Statistics
The Snohomish County real estate blog address news and statistics which are pertinent to the real estate buyer, seller, and investor. Our goal is too provide educational information so people can make the best housing decision for them and their lifestyle. Please feel free to ask questions, participate in discussions, and share your experiences.
In the second edition of Neighborhood Spotlight, we travel to northwest Snohomish County and the city of Stanwood Washington where you'll find the community of Warm Beach. Approximately 4 sq/miles, Warm Beach lends its name (though this is not confirmed) to Washington's afternoon summer Sun which blankets its shorelines.
While being a quaint Stanwood community, Warm Beach has annual event that brightens hearts in cold winter months, the Warm Beach Lights of Christmas. Know for its million plus lighting displays, kids rides, hot chocolate, and winter bizarre, the Light of Christmas is a splendor to gaze upon.
Selling a home can cause stress and anxiety amongst homeowners. Strangers walking through personal space, viewing personal memories, and finding the time to prepare a home for sale is a chore all on its own. When meeting with homeowners, to sell their home, staging is always a topic of conversation.
When buying a home, or selling for that matter, if financing is involved then its highly likely a home inspection is required. But what are home inspections? Who does them? And what are they for? All these questions are typical when buying a home, especially with a first-time homebuyer or someone who hasn't bought or sold real estate lately.
Snohomish County's residential real estate statistics for January 2014 are published below with focuses on average and median home prices, market times, inventory levels, and pricing segments. Will Snohomish County continue to a healthy recovery or will affordability continue to be pushed out of the area?
Average & Median Home Prices for Snohomish County
The average closed price home for Jan. 2014 compared to Jan. 2013 increased of 11.1% and the Y-T-D prices show the same. The median closed price increased 12.4%. In November the price increases were higher which could point to early signs of a slowing; however, the reduction in gains are not significant enough to make a conclusion.
In this first edition of Neighborhood Spotlight we are going to take a closer look at a place that many Snohomish County residents love and call home, Silver Lake. Lending to its name sake, Silver Lake's neighborhood namesake stems from the 35.3 acre freshwater lake that adorns the area.
On January 17, 2014 President Obama signed the Consolidated Appropriations Act of 2014 and effectively postponing any changes to Snohomish County's USDA eligible areas. On page 1544 of the Consolidated Appropriations Act, 2014 the .pdf reads:
Purchasing real estate, or real property, in Washington requires the purchaser to disclose which way they will be holding title. Taking title, in a real estate, is more commonly understood by how a person, or persons, owns real property. To much jargon? Easily enough. Holding title is how much ownership a person(s) has/have in a particular property and here are 6 commons ways folks can hold title in Snohomish County.
While many real estate brokers are enjoying the holidays; we are here bringing you the latest real estate statistics. Terrifically exciting no; useful and informative yes. Over the last year, and back into 2012, real estate prices have recovered from a slump only to boom while inventory has gone from excessive to a real shortage. What do we make of all the rapid changes? Hard to keep up with or "is what it is"? Here are housing values, days on market, months of available inventory and supply, and a 90 day snap shot.
Increasing Snohomish County House Values
The average closed sales price comparing November 2013 to 2012 shows gains of 9.3% and November's 2013 and 2012 Y-T-D comparison increased 11.7%. The median closed sales prices are 12.6 for the month-to-month comparison and 13.0% for the Y-T-D comparison.
Change is something to expect and at the beginning of the 2013's 4th quarter more is on the horizon. Average days on market increased, housing inventory decreased, the number of sold homes decreased, and the hottest price segment was $300,000 - $400,000.
Questions I've been discussing with sellers who are thinking about selling are:
- Will housing continue to gain market time?
- Will home values remain steady, decrease or increase after the first of the year?
- Will housing inventory increase or decrease?
A road maintenance agreement is usually a good thing to have in place if you share a common access with one or more properties. Sometimes the only access to some properties is on a private easement road from a public right of way; this means that the responsibility of the road maintenance falls on the people who have the right to use the road.