Snohomish County’s 3rd Quarter 2007 lot sales have decreased 76% from the 2nd Quarter of 2007 and 84% since the 1st Quarters of 2007. This drop is a direct result of the current real estate atmosphere and builder fear that they will not be able to sell current inventory. Even though I believe the media contributes to a lot to housing woes it can not be ignored that there is to much inventory discouraging builders.
Marysville had the highest number of lot sales with 45, Arlington was second with 32 and Lake Stevens was third with 31 and combined these three cities comprised 75% of Snohomish County’s total lot sales.
City - Plat Name - Sale Price - Per Lot - Avg. Lot Size - # of Lots
Arlington - Claridge Court - $3,694,000 - $153,916 - 7,800 sq/ft - 24
Arlington - Meadows at Quail Run - $210,000 - $210,000 - 50,153 sq/ft - 1
Arlington - Summer Creek Estates - $195,333 - 195,333 - 43,560 sq/ft - 1
Arlington - Summer Creek Estates - $210,280 - 210,280 - 43,560 sq/ft - 1
Arlington - Summer Creek Estates - $250,000 - $250,00 - 43,560 sq/ft - 1
Arlington - Viewmont Estates - $195,000 - $195,000 - 44,000 sq/ft - 1
Arlington - Viewmont Estates - $194,950 - $194,950 - 44,000 sq/ft - 1
Arlington - Viewmont Estates - $195,000 - $195,000 - 44,000 sq/ft - 1
Arlington - Viewmont Estates - $190,000 - $190,000 - 44,000 sq/ft - 1
Granite Falls - Alexandra’s Place - $772,500 - $193,125 - 34,250 sq/gt - 4
Granite Falls - Pilchuck Highlands 2 - $205,000 - $205,000 - 5,000 sq/ft - 1
Lake Stevens - Angelia Heights - $2,940,000 - $105,000 - 2,700 sq/ft - 28
Lake Stevens - Schneider Short Plat - $720,000 - $240,000 - 10,5000 sq/ft - 3
Marysville - Kenley - $4,160,054 - $143,450 - 6,500 sq/ft - 29
Marysville - The Orchards - $2,500,000 - $156,250 - 7,200 sq/ft - 16
Northcreek - Montage at Mill Creek - $1,457,500 - $208,214 - 8,400 sq/ft - 7
Northcreek - Pope Short Plat - $486,000 - $243,000 - 12,500 sq/ft - 2
Northcreek - Southlake Estates - $255,898 -$255,898 - 19,681 sq/ft - 1
Sky River - Timber Ridge Estates - $2,720,000 - $136,000 - 5,000 sq/ft - 20
Snohomish - Wardrum Woods - $430,280 - $215,140 - 50,000 sq/ft - 2
Snohomish - Wardrum Woods - $220,000 - 220,000 - 50,000 sq/ft - 1
5 responses so far ↓
Jon Rickey // Oct 24, 2007 at 8:30 am
Are there any cedible figures on how many lots are available in the market. Rumor has it 2 years worth, anything that backs tha up.
Thanks, Jon
Toby Barnett // Oct 24, 2007 at 10:10 am
Hey John, I have not personally seen any figues but have only heard through the grapevine regarding the new construction supply, nothing on the supply of lots. I’ll see if I can’t digg some though.
Toby Barnett // Oct 25, 2007 at 9:36 am
Jon, all I could digg up was that builder’s have anywhere from a 2 1/2 - 4 1/2 supply of new construction but nothing regarding the supply of lots.
Toby Barnett // Nov 2, 2007 at 10:48 am
Jon, there are approximetaly 5,796 new homes and/or vacant lots on the market.
Jon Rickey // Nov 5, 2007 at 9:11 am
Toby,
wow! thats a little scary. Where are all these people that are getting jobs in the area living? Not Sno Co new houses I guess. Thanks for the info.
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