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.
Get Started with our 4 Top Reads
If this home looks familiar then it may have been seen in the neighboring home's video from February 2015.
Located in Mill Terrace, and just south of the Mill Creek Town Center, this home has been well cared for by its one owners and is set to impress. Being under $400k makes this home a great value so sit back and joy the video and let us know if we can help.
A 4 bedroom rambler is a rare find, especially with 4 bedrooms and a great Arlington neighborhood like Eagle Heights. Tank a quick journey above and through this Eagle Heights home, MLS # 900749, and see what you've been missing.
Aerial drone tours are something we never tire of. Quite the opposite. Every time we get to fly a home, it gives us, and our viewers, the chance to see another view of beautiful Snohomish County. Sometimes the skies are blue and cloudless and other time, well, they're not.
This tour takes us out to Skinner Rd, just off Robe Menzel in Granite Falls, and the Pilchuck West neighborhood. This home is built on 4.59 acre lot, features 1,801 sq.ft, 3 Beds, 2 Baths, and has been so well cared for by its loving owners. Some highlights are: long driveway, plenty of parking near the home and on the property, and a fresh exterior paint job all in a great looking community.
Listing Webpage: http://www.barnettassociates.net/property/880684/
Enjoy the tour!
Are you frustrated by real estate portals and home searches that just don't work? Or, real estate search websites that advertise homes only to find out they're sold or not longer available? So are we. We've been frustrated for sometime yet even folks we know tend to use those other websites.
Good thing is there is a solution.
This may seem like a intro just to direct folks to our website, which we won't deny, yet it is more important to have accuracy paired with timeliness when searching for a home.
When buying a home, it is important to know:
- The status of a individual property.
- The active available inventory.
- How to minimize time searching and,
- Maximize property searches.
1. Create an Account with BarnettAssociates.net
Click "Sign Up" in the upper right hand corner of the website and fill in your name, email, and phone to instantly register.
In this introductory post, a new series is born and will take an adventure through the world of Short Sales. In What is a Short Sale Property?, we'll look look at the definition, how a property becomes and some causes of a short sale situation, and how to purchase a short sale in 2016.
As mid November arrives and FEDs ponder a December interest hike, lets look at how the new construction market fared through 2015's 3rd Quarter.
In this 3Q review, we'll look at the following charts:
- Lot Sales Comparison (3Q 2014-2015)
- Lot Sales by Area and Median Price
- Top Lot Sales Buyer & Sellers
- New Construction by Area
- Top Snohomish County Builders
Interested in Active New Construction homes? Search Here.
Lot Sales Comparison for 3Q 2014-2015
Comparison by Units
This time last year, Snohomish County seen nearly 3 times as many building lots sold; the County recorded 67 lot sales compared to 209 in 2014's 3rd quarter. King and Pierce Counties also showed declines yet Thurston and Kitsap recorded increases with Thurston's being significant.
Snohomish County housing statistics for September 2015 are published below in 5 charts. Yet before we get to the local statistical details, we'd love to ask some questions and here your thoughts in the comment box.
- Are you looking to buy or sell prior to 2016?
- Are you anticipating big changes to the housing marketing in 2016?
- Do you think home prices have escalated to quickly?
- Does the 2015 housing market remind you of anything?
These are some questions we're pondering as the year comes to a close and what will 2016 bring for our clients. Today, Wednesday the 28th, the Federal Reserve stated it will not be raising rates even though the economic indicators remain strong and "the housing sector has improved further"- [SOURCE]
This month, we'll look at the following charts for September 2015:
- Months of Inventory
- Average Days on Market
- Supply & Demand
- Median Home Prices
- 90 Day Overview
Months of Housing Inventory
Inventory levels have remained virtually unchanged, from July, through August, and September at 2.1 months. The slight decrease may seem insignificant to sellers on the surface yet when reviewing following charts a different picture is painted.
Located in Pilchuck Terrace, in northern Lake Stevens, this home is deceiving on big and roomy it actually is. Boasting over 3,800 sq.ft and features a open kitchen, formal dinging and eating area, 4 bedrooms upstairs and bonus room, theater, and 5th bedroom downstairs. Sit back and enjoy the tour and take a look at the beautiful neighborhood.
QUESTION - I am starting to see several contracts where the agents are writing something like "buyer to purchase property as is" Snohomish County. Please refresh me on the legal ramifications of this.
ANSWER - The provision means nothing and has no significance, used in this context. If seller is attempting to create a situation where seller has no obligation to make repairs, then the statewide forms already create that outcome. The boiler plate terms of the statewide purchase agreement do not obligate seller to make any repairs. If buyer asks for repairs, seller has the freedom to decline, accept or counter buyer's request. If seller wants to communicate to a buyer that seller does not intend to make repairs, seller can say that. That statement cannot prevent buyer from asking for repairs ... which of course seller can then refuse.
With the summer coming to definitive close, I was holding-on for a couple more hot days, and with today being October 1st, lets take a look back at the Snohomish County housing market for August 2015.
Specifically in this post we'll look at charts for:
- Housing Inventory
- Days on Market
- Number of Units (Sold & Under Contract)
- Median Home Prices
Months of Housing Inventory
Housing inventory shows early signs of stabilizing around 2 months of standing inventory, however; that is still well below a balanced market of 6 months.
Since August 2013, the housing inventory has decreased by a whopping 56% which pushes the balance even further into the seller's favor.