Bothell’s real estate inventory and prices both up
The median list price in Bothell is $414,990 is up slightly from last week’s median list price of $409,958. With inventory trending up but days-on-market trending down and the Market Action Index (MAI see below chart) essentially flat recently, conditions do not seem to have strong up or down pull.
Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.
Supply and Demand
Home sales in Bothell in the last few weeks has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Price
Bothell’s real estate prices continue their climb again this week. We’re a long way from the market’s high-price so watch the Market Action Index as an indicator of how long this trend will last.
The average days-on-market is unchanged from last weeks 95 .
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The New Bothell
With plans underway for a new city center project downtown Bothell could be the real estate Pearl of the northwest. The word on the street is, Bothell is on the threshold of creating something very special with hints of place-making comparable to Portland’s Pearl District. Quality new home communities are being developed in and around Bothell.
In 2010 McMenamins, a brewpub and hotel chain operating in Washington and Oregon agreed to purchase the Anderson School Building in Bothell Washington. The 5.41 acre Anderson site was previously owned by the Northshore School district is part of the 18 acres being sold to developers for redevelopment of Downtown Bothell, adjacent to this property are parcYou are here: Home / Bothell Home / Bothell’s real estate inventory and prices both up
Bothell’s real estate inventory and prices both up
Bothell’s real estate inventory and prices both up
The median list price in Bothell is $414,990 is up slightly from last week’s median list price of $409,958. With inventory trending up but days-on-market trending down and the Market Action Index (MAI see below chart) essentially flat recently, conditions do not seem to have strong up or down pull.
Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.
Supply and Demand
Home sales in Bothell in the last few weeks has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Price
Bothell’s real estate prices continue their climb again this week. We’re a long way from the market’s high-price so watch the Market Action Index as an indicator of how long this trend will last.
The average days-on-market is unchanged from last weeks 95 .
Sign up to have FREE WEEKLY UPDATES on the latest Bothell real estate market trends e-mailed to you weekly.
Comparing Bothell’s median list and Inventory to neighboring Kirkland
<imgclass="alignleft" src="http://charts.altosresearch.com/altos/app?s=inventory:r,median:l,&ra=c&q=a&st=WA,WA&c=BOTHELL,KIRKLAND&z=a,a&sz=i&ts=g&rt=sf&service=chart&pai=53890438&co=0&endDate=&startDate=" alt="Real Estate Market Chart by Altos Research www.altosresearch.com">
The New Bothell
With plans underway for a new city center project downtown Bothell could be the real estate Pearl of the northwest. The word on the street is, Bothell is on the threshold of creating something very special with hints of place-making comparable to Portland’s Pearl District. Quality new home communities are being developed in and around Bothell.
In 2010 McMenamins, a brewpub and hotel chain operating in Washington and Oregon agreed to purchase the Anderson School Building in Bothell Washington. The 5.41 acre Anderson site was previously owned by the Northshore School district is part of the 18 acres being sold to developers for redevelopment of Downtown Bothell, adjacent to this property are parcels that will be sold to developers for single family and detached housing.
Related posts:
- Bothell’s real estate inventory up, days-on-market decreasing (26.6)
- Bothell’s real estate market remains swift heading into June (23.1)
- Bothell’s real estate demand continues to increase (23.1)
- Bothell home prices and inventory up (19.5)
- Bothell real estate churning through listing inventory (19.4)
els that will be sold to developers for single family and detached housing.
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