Bothell’s real estate market appears to be treading water

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

 Bothell’s real estate market appears to be treading water

This Week:

The median list price in  Bothell  this week is $549,970  up from last week’s median  list price of $548,495. The Market Action Index (MAI see below chart) has been trending down lately, indicating demand falling along with supply.  Conditions point to mildly negative trends for the market. i

Average days-on-market: 67 days up  from last week’s 66 days.

Percent of properties with price decreases: 29% down from last week’s 30%

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 market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sign up to have FREE WEEKLY UPDATES on the latest Bothell real estate market trends e-mailed to you weekly.

 

  Price

The market appears to be hovering around this plateau.  Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

 

 

 

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

Comparing Bothell’s median list and Inventory to neighboring Kirkland

 

Bothell home and lifestyle Search
 

 

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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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Tags:
homes for sale in bothell
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Rainmaker
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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good morning Adrian, always enjoy viewing stats and charts on otgher locations.  tks for sharing.

Nov 13, 2015 01:33 AM #1
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Rainmaker
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Adrian Willanger

Profit from my two decades of experience
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