We are often asked "What is happening in the Housing Market Right Now"?
We thought we would put together a snap shot of how the Anacortes Home Market has performed over the first 3 months of 2013.
According to the MLS: The 1st chart shows the Sold Price of homes as compared to the Original List price Sellers placed on their homes. The % difference between the two numbers is significant. 
- January- Sold Price was 68% of Original Price
- February- Sold Price was 91% of original Price- (better than January)
- March- Sold Price was 86% of original price.A drop back but still not too bad.
The 2nd chart shows the % difference between Reduced List (Final) price of homes on the market in the same period vs the Final Sold price.
- January- Sold price 92.9% of Final Reduced Price
- February- Sold price 97.5% of Final Reduced price
- March- Sold Price 94.6% of Final Reduced price
What do all of these numbers mean??
Sellers beware of overpricing your home when first on the market. Once pricing comes in line with market values you often get a higher % of the REDUCED or Final List price. Too often Homeowners fall into the trap of overpricing their homes to "Test" out the Market. Don't be tempted!
If you price your home "Right" in the first place you will have a better chance of selling for a good price and in a shorter period of time.
SOME GOOD NEWS!
Months of Inventory has reduced over the past 2 months from 10 to 9 months. The MLS shows average Days on Market have reduced over the past 3 months and compared to last year (2012) there is a marked difference.
2013- Average Days of Market
January-148 days
February- 142 days
March- 137 days
2012- Average Days on Market
January- 205 days
February- 203 days
March- 188 days
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We invite you to visit our website to "Find Out What Your Home Is Worth" or
to search "Homes For Sale In Anacortes". OR Call us for Home Values are in your Neighborhood!
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