Bothell’s real estate market remains a mixed bag

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

            Bothell’s real estate market remains a mixed bag

This Week:

The median list price in  Bothell  this week is $546,850  down from last week’s median  list price of $548,495. Inventory has been tightening but days-on-market and the Market Action Index (MAI see below chart) has been basically unchanged, not providing strong indication for market conditions.

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

Prices appear to be hovering around their high point.  Look for a persistent down-shift 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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