Yesterday John Wahl stopped by the office and shared a Puget Sound Market Trends report from New Home Trends, Inc. The Puget Sound Market Trends report covered King, Kitsap, Thurston, Pierce and Snohomish County and most of what the local real estate industry is experiencing is reflected in the data.

Housing prices increased dramatically from 2002 until 2007 which was amplified by the loose lending restrictions and the flipping craze. It seemed that everyone was purchasing multiple properties, leveraging one property to purchase a second, with a smooth sailing forecast of rising housing prices. But that bubble came to an end and now many are facing the results of a correcting market.

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In the 1990s, Snohomish County builders started to construct what have been labeled “air space” condos. Builders are opting to build air space condos just outside the city limits. Why? Because the County zoning are different that the cities. The County allows for more density than the city which has gained acclaim from builders and harsh opinions from residents. The two sides of the argument: good for urban density and poor integration of current neighborhoods.
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3123 181st ST NE Arlington, WA 98223

Status: Available for Rent
Rent: $1,195
Deposit: $1,195
Listing Agent: Cherie Ruchty
Call: (425) 238-7977 - Map it
Rental Application - Rental FAQs
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11302 192nd DR NE Arlington, WA 98223

Status: Available for Rent
Rent: $1,195
Deposit: $1,195
Listing Agent: Cherie Ruchty
Call: (425) 238-7977 - Map it
Rental Application - Rental FAQs
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7513 74th Dr NE Marysville, WA 98270

Status: Available for Rent
Rent: $1,225
Deposit: $1,225
Listing Agent: Cherie Ruchty
Call: (425) 238-7977 - Map it
Rental Application - Rental FAQs
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5902 132nd PL NE Marysville, WA 98271

Status: Active
Price: $209,900
MLS #: 28138645
Listing Agent: Mickie Barnett
Call: (425) 750-9090 - Map it
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10304 292nd ST NE Arlington, WA 98223

Status: Active
Price: $399,900
MLS #: 28137310
Agent: Mickie Barnett
Call: (425) 750-9090 - Map it
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17622 31st Dr NW Arlington, WA 98223

Status: Sold
Price: $262,500
MLS #: 28133989
Listing Agent: Roberta Keith
Call: (425) 359-7855 - Map it
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Every year, around this time, Washington State celebrates a past time that is deeply rooted in two major industries; maritime and aviation. The boating communities and flight communities make a great combination and it is culminated every year with Washington’s biggest celebration, Seafair.

Hydroplanes, airplanes and jet fighters all show up to put on a show for the thousands watching from sea and land. The day starts off with boats gathering just on the north side of I-90 to watch the Blue Angels perform and “wow” us with their high speed aerial displays and death deifying acts that would make the ordinary person rigid with fear.

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5818 139 Pl NE Marysville, WA 98271

Status: Active
Price: $299,950
MLS #: 28123082
Listing Agent: Bryan Barnett
Call: (425) 268-5508 - Map it
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