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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 [...]
Snohomish County Market Up-Dates for Dec 2007
Snohomish County Market up-date (listings, pending sales and close sales) for December 2007 have just been announced.
Listings
The Snohomish County real estate market seen 50% increase total homes on the market from one year previously. This is not surprising though after the year 2007 turned out to be. The under-controlled lending left many homeowner’s faced with adjusting mortgages which rapidly became drastically unaffordable. The US Government is trying to restore the real estate financial markets with programs like the modernization of FHA (FHA Secure) and locally, in Washington State, it is the revitalization of older programs like House Key State Bond.
Pending Sales
As listings increased, pending sales on the other hand decreased almost 32% from a year ago. These figures show that buyers are watching were the market is heading and may stay on the fence just a little bit longer. But with 30 year fixed for January 2008 registered at 5.76%, according to FreddieMac, is almost a .5% percent lower than in 2007 making the rates far more attractive for standard financing programs which should encourage people to invest in real estate or refinance into a fixed rate.
Closed Sales
Pricing in Snohomish County was virtually unchanged; the price reduction amounted to $2,156. Not the enourmous loss the media was reporting. Snohomish County was shelted from a collaspe due to its strong local economy; Boeing’s massive hirings.