Stanwood 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 Stanwood real estate.  Stanwood 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 Stanwood was normal.
As the following numbers will show.

Area Market Statistics
Stanwood homes sold in July 2007: 28
Average Market time: 72 days
Median Sale price:  $348,500
Number of homes sold over $500K: 1
Number of foreclosures in July: 4

Number of available Stanwood homes for sale now: 219
That equals a 7.8 months supply of inventory.
While the median sales price appears to be lower, this is actually due to the number of homes that sold for over $500,000.  We are still seeing that homes of similar value are experiencing an increase in sales prices.

Stanwood homes sold in July 2006: 31
Average market time: 49 days
Median Sale price: $415,000
number of homes sold over $500K: 9
number of foreclosures in July: 4

Stanwood homes sold in July 2005:  51
Average market time:  84 days
Median Sale price: $288,950
Number of homes sold over $500K: 2

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 above 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 Stanwood or other nearby areas please give us a call.