Lake Stevens WA Real Estate and homes for sale.
We have all been seeing stories in the media about how slow the housing market has become, how the housing prices are dropping, and what a buyer's market it is.
However, in our part of the country, most of this is not true. The fact remains that while there are more homes on the market and they are taking slightly longer to sell, the market is not nearly as bad as the media would like you to believe.
I personally believe what we are seeing is a NORMAL market for Lake Stevens real estate. Lake Stevens area homes for sale aren't being snatched up in the first few days and they are not selling for more than the list price.
I think many people (including the media) thought that our past HOT market in Lake Stevens was normal.
As the following numbers will show.
Area Market Statistics
Lake Stevens homes sold in July 2007: 41
Average Market time: 51 days
Median Sale price: $346,000
Number of foreclosures in July: 13
Number of available Lake Stevens homes for sale now: 248
That equals a 6.05 months supply of inventory.
Still an increase in median sale prices for the past year.
Lake Stevens homes sold in July 2006: 66
Average market time: 31 days
Median Sale price: $335,858
Lake Stevens homes sold in July 2005: 52
Average market time: 33 days
Median Sale price: $274,500
Most agents believe that an inventory of less than 3 months is considered a sellers market,
Inventory of 3 to 6 months is considered neutral, and inventory over 6 months is considered a buyers market.
While we are barely into the 6 month range, there are some areas in the country where the inventory is nearly 12 months.
For information on the real estate market and homes for sale in other areas of Snohomish County, including Everett, Snohomish, Monroe,Lake Stevens, Granite Falls, Arlington, and Stanwood
Please visit our website at www.barbsbestbuys.com. If you would like to recieve information on other areas in northwest Washington, please send us an email and we would be happy to check the statistics in your area.
If you are considering buying or selling a home in Lake Stevens or other nearby areas please give us a call.
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