Bothell’s real estate market showing signs of slight pull-back

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

 

 

 Bothell’s real estate market showing signs of slight pull-back

This Week:

The median list price in Bothell  is $475,200  is up from last week’s median  list price of $469,990.   Inventory has been decreasing lately but the Market Action Index (MAI see below chart) has been falling.  With days-on-market climbing, these are relatively negative implications for the Bothell real estate market.

Average days-on-market: 105  days up from last week’s 94 days.

Percent of properties with price decreases: 33% is unchanged  from last week’s 33%

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

The  Bothell real estatemarket conditions have been consistently cooling in the past several weeks.  Because  we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone.

 

Price

The Bothell real estate market this week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend in general over the last several weeks.

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Comparing Bothell’s median list and Inventory to neighboring Kirkland

Real Estate Market Chart by Altos Research www.altosresearch.com

 Bothell is located within the Northshore School District

21 public schools in Bothell belong to the Northshore School District. Browse through all the homes listed for sale within the Northshore School District

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Comments (1)

Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Adrian, 

With average days on the market of 105  days up from 94 days I would think Bothell is still  a sellers market. 

Jan 06, 2014 02:45 AM