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 have decreased an astounding 66% from the beginning 2006 to the end of 2009.
Lot Sale Increase
The increase in sale volume has surged due to the high availability of vacant lots and limited number willing and able buyers. National building chains have seized the opportunity to purchase large volumes of lots for cheap. DR Horton purchased 38% of Snohomish County’s total lots with their single largest plat having 27 individual lots — Camden Meadows.
Decrease in Sale Price>
In the 1st Quarter of 2006 individual lots in Marysville were selling from $130,000 to $190,000. These were approximately 6,000 sq/ft lots. Now that same lot is priced from $44,550 to $60,000. In a perfect world, builders would lower the offering prices of their homes while keeping construction quality the same. New construction homes are being priced lower but have not retained the same interior quality — granite countertops, luxury carpet … etc.
As April 30, 2010 draws ever closer, many families across Snohomish County are scrambling to find a home, obtain mutual acceptance, and have the property record on or before June 30, 2010. This is not the case if you are [...]
Do you think the housing market has hit bottom?trends
In a poll released today by Fannie Mae, nearly 2/3 of Americans say right now is a good time to purchase a home and the bottom has arrived. With that said, Snohomish [...]
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 have decreased an astounding 66% from the beginning 2006 to the end of 2009.
Lot Sale Increase
The increase in sale volume has surged due to the high availability of vacant lots and limited number willing and able buyers. National building chains have seized the opportunity to purchase large volumes of lots for cheap. DR Horton purchased 38% of Snohomish County’s total lots with their single largest plat having 27 individual lots — Camden Meadows.
Decrease in Sale Price>
In the 1st Quarter of 2006 individual lots in Marysville were selling from $130,000 to $190,000. These were approximately 6,000 sq/ft lots. Now that same lot is priced from $44,550 to $60,000. In a perfect world, builders would lower the offering prices of their homes while keeping construction quality the same. New construction homes are being priced lower but have not retained the same interior quality — granite countertops, luxury carpet … etc.
Snohomish County Lot Sale 4th Quarter 2009