North Sound Property News

As I posted elsewhere, the market in Mukilteo and Everett is taking a beating.   Prices are sticky on the way down (not much movement there) but sales have slowed down, while listings and market time continue to rise.
 We are truly in a buyer’s market now.
And yet, the ironic thing about a buyer’s market is that […]

[Read more →]

No major price changes in the Mukilteo real estate market since July–that’s the big news of the month, given the changed situation in mortgage lending.  However, listings continue to climb.  Listings are up 20% over July, and time on market is down (due to all the new listings over the last couple of months).
 Median list price […]

[Read more →]

It really is a fascinating time to be working in the real estate industry–being a young-ish pup, I wasn’t in the industry during the 1992 S&L crisis, so it’s interesting seeing how the industry responds to major changes.  I follow everything that is happening with a great deal of interest because by doing so I […]

[Read more →]

I received the following email from one of the lenders I work with yesterday morning:
As you may be aware, our industry has taken some big hits in the last week or so.  Many lenders and investment companies are taking a look at their portfolios and loan programs.  Some companies have ceased business altogether and others are […]

[Read more →]

July is in the rearview and it’s time to report on what happened in the local real estate market last month.  This week, I’ll report on Mukilteo (98275 zip code).
Active Listings
(Listing count includes ALL listings currently on the market)
Listing Count: 101
Average Time on Market: 89 days
Median List Price: $648,800
Average $ Per Square Foot: $272
There were 52 new listings in […]

[Read more →]