Can’t find what you’re looking for?
A Year Round Washington
Snowmobile Parks in Washington State
The sport of snowmobiling is growing every year and it easy to see why. Snowmobiling offers a wonderful family and friends experience as opens up opportunities to see Washington’s back country scenery. If you are like me, you can’t get [...]
Home Buyer & Seller Information
Purchasing Short Sales & Bank Owned: Deals or Headaches?
Bank owned and short sales properties dominate the Snohomish County real estate market and it’s no surprise that many buyers are actively searching for these types of properties. But are these properties the bargain of the century or are they [...]
Snohomish County Market Updates
Snohomish County Lot Sales 4th Quarter 2009
The lot sales in the 4th quarter of 2009 Snohomish County has increased by 36% over 3rd Quarter 2009, a significant gain since it’s not typical for banks to be lending to builders. More impressively, the prices on vacant land [...]
Median Home & Condo Prices in Snohomish County by Zip Code
Snohomish County has not been protected or isolated from the national housing crunch and real estate sellers are feeling the affect of bank owned properties on their property values more and more each day. As short sales, distressed properties and foreclosured properties start to saturate the Snohomish County real estate market homes prices will continue to adjust.
According to a NAR (National Association of REALTORS®) the national median home price has fell to $180,000, a 12% loss in 2008, though Snohomish County’s median prices are still much higher. That does not mean that local real estate is still in the unaffordable range and good buys cannot be found throughout the county. Quite the opposite.
Recently I had the opportunity to work with a first time homebuyer who purchased a home in Gleneagle Arlington for $225,000. It was a single family rambler with 1,400 sq/ft, 3 bedrooms and 2 bathrooms. Deals like these can be found if you look hard enough and have time and patients to work with the banks.
How far prices will slip is still up for debate but the Obama administration is putting policy together in order to curtail the situation.
In a recent address from Phoenix, President Obama said “We must stem the spread of foreclosures and falling home values for all Americans, and do everything we can to help responsible homeowners stay in their homes”. More on this topic to come as the details are still being released.
Snohomish County Median Home & Condo Prices