It seems just like yesterday that we were getting into the swing of things. 2014 was rolling along and homes were being sold but as quickly as the year started, it abruptly ended. Now, we're looking back and reviewing what the 2014 housing market looked like and more specifically, the Snohomish County's 2014 New Construction and Builder segment.
Since housing inventory remained low and home values steadily increased, 2014 yielded good news for builders with new construction homes sales filling the equity sellers void. New homes sales kept the housing market moving which helped the new construction / builder segment to prosper.
The charts below cover lot sales, lot sales by volume, top lot sales per city, top buyer and sellers of lots, top 10 new construction builders, and top 10 cities for new construction home sales. We are curious to hear your thoughts on Snohomish County's new construction segment. Share in the comments in the comments below.
Snohomish County Lot Sales for 2014
At 384 units, Snohomish County had the 3rd most lot sales in Washington State with the majority of sales being in 2014's 3rd quarter.
Snohomish County Lots Sales by $ Volume
In terms of dollar volume, the 384 units translated into $40m dollars in real estate.
Top Cities for Snohomish County Lot Sales
Leading the County, by a huge margin, in lots sales was Lake Stevens (172) and followed by Monroe (65) and Bothell (55). Snohomish (28), Everett (24), Marysville (15), and Lynnwood (11) had respectable figures for 2014. Sultan and Edmonds both made the chart but weren't as significant, in terms of sales volume, as their counter parts.
Top 10 Lot Sellers in Snohomish County
East Everett Investment (136) sold over double the units than its closest lot seller, Select Homes (63). Other sellers were Natural 9 Holdings (31), Lost Creek Place (31, Riverview Highlands (28), Tanison Meadows (14), Troon Holdings (13), Hultquist Homes (11), Sultan 144 (9), and Lakemont Homes (8) sales.
Top 10 Lot Buyers in Snohomish County
On the other-side, the top 10 buyers of Snohomish County lots have some familiar names: Highland Realty (136), Henley USA (63, Seattle Pacific Homes (56), Cornerstone Homes (35), and DR Horton (31). The remaining lot buyers are Harbour Homes (14), 1407-WLD Starlight 13 (13), RM Homes (9), Sundquist (8), Mietzner Bros. (5).
Snohomish County's New Home Closing
Snohomish County landed right in the middle with 1315 new home sales in the 5 County area. Also, most of those sales recorded in the 2nd & 4th quarter.
Snohomish County New Home Closed $ Volume
Even though Snohomish County was 3rd in closed units, it moved up to 2nd with $578 million closed volume when comparing the 5 Counties.
Snohomish County New Home Sales by City
In the bar chart graph, the average price for Snohomish County new construction were topped by Mukilteo, Bothell and Edmonds. Not surprising.
The pie chart details where the new construction booms were in 2014:
- Bothell (476)
- Lynnwood (301)
- Lake Stevens (180)
- Mill Creek (112)
- Marysville (98)
- Everett (33)
- Stanwood (27)
- Snohomish (24)
- Mukilteo (22)
- Edmonds (19)
- Arlington (11)
- Monroe (8)
- Granite Falls (2)
- Gold Bar (2)
Mill Creek's figures are note worthy since that market tends to be significantly smaller than other Snohomish County cities/towns.
Snohomish County's Top 10 Builders
DR Horton (191) far out paced the competition with the next closest builders being Polygon (113), Pacific Ridge (112), and Lennar NW (91). Quadrant (68), Cornerstone (52), Main Vue Homes (50, Seattle Pacific (50), Henley USA (35) and Northbrook Partners (34) rounding out the top 10.