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