Bothell's real estate market remains in the Seller's zone

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

 

   Bothell's real estate market remains in the Seller's zone

 

This Week: 

The median list price in Bothell  this week is $498,000,  is down slightly from last week’s median  list price of $499,990.   Demand measured by the Market Action Index (MAI see below chart) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. 

Average days-on-market: 60 days down from last week’s 66 days. Percent of properties with price decreases: 29% is up  from last week’s 26%

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

In the last few weeks the Bothell  home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.  This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.   

  Price 

The  Bothell market is hovering around this plateau.  Look for a persitent change in the Market Action Index before we see prices deviate from these levels.    Sign up to have FREE WEEKLY UPDATES on the latest Bothell real estate market trends e-mailed to you weekly.

  

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

Comparing Bothell’s median list and Inventory to neighboring Kirkland

New listing in Bothell

 

 

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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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Washington Snohomish County Bothell Maywood
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canyon park real estate
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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Adrian, Bothell's real estate market is still hot, and seeing homes remaining on the market for 2 months is a strong Seller's market!

Jun 11, 2014 12:09 AM #1
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Rainmaker
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Adrian Willanger

Profit from my two decades of experience
What's the Seattle real estate market doing? Ask me..
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