Bothell’s real estate market conditions weakening slightly

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

 

 

 Bothell’s real estate market conditions weakening slightly

This Week:

The median list price in Bothell  this week is $519,900,  up slightly from last week’s median  list price of $510,000.   Inventory is up and the  Market Action Index (MAI see below chart) is trending lower recently.  While days-on-market  appears to be trending lower, the overall conditions are weakening a bit. 

Average days-on-market: 78 days up from last week’s 77 days.

Percent of properties with price decreases: 31% is up  from last week’s 25%

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

While the Bothell Market Action Index shows some strengthening in the last few weeks, prices have settled in  a bit of a plateau.  We are currently in a Seller’s market so prices will likely resume their climb should this trend persist. 

 

Price

The  Bothell real estate market seems to have paused around its high point.  The Market Action Index is a good leading indicator for the durability of this trend. 

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Comparing Bothell’s median list and Inventory to neighboring Kirkland

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

 

 

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

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Topic:
Real Estate Market Trends
Location:
Washington Snohomish County Bothell Kingsgate
Groups:
Market Reports
Tags:
homes for sale in bothell
bothell real estate agent
bothell home marketing
bothell real estate trends

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Rainmaker
1,338,062
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Adrian,

Anyone looking to buy or sell a home in Bothell would be wise to work with you to utilize your in depth knowledge of the local market.

Mar 31, 2014 09:46 AM #1
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Buyers and Sellers in Bothell Real Estate, you can make the home buying and selling process easy. Just call Adrian and he will guide you through the process with ease!

Mar 31, 2014 07:27 PM #2
Rainmaker
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Bruce Swedal
Denver, CO
Denver Real Estate

I always love hearing about new markets and the way you present this community is fantastic. Any buyers or sellers in the area should call you first.

Mar 31, 2014 10:58 PM #3
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Rainmaker
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Adrian Willanger

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