North Sound Property News

Recently, the Mukilteo real estate market was featured on King5 news.  Unfortunately, we weren’t featured in a positive light.  Crown Park, a new construction neighborhood in Harbour Pointe, has recently seen a slow-down in sales that led the developers to drop prices in order to move inventory, and building has also slowed considerably.
 The King5 story is here.
 But […]

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October’s median sale price is up from September’s $549,950 to $610,000.  One third of all sales activity in October took place in the over $750,000 market, but there was no activity in the over $1M market.  The following chart illustrates movement in the median list and sale price over the last few months.

May
2007
June
 2007
July
2007
Aug.
2007
Sept.
2007
Oct.
2007

Med List $
$582,450
$622,475
$648,800
$629,950
$649,725
$630,000

Med […]

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Recently, real estate law in Washington state was significantly changed with regard to seller disclosures and buyer’s need to verify all information disclosed.  The burden now falls on the buyer to verify to their own satisfaction all information in the Seller disclosure, as no longer can a buyer sue a seller for negligent misrepresentation. 
 Once, if […]

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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 […]

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 With lending markets going through some difficult times, and the real estate market doing poorly seemingly everywhere BUT Seattle (I think we’re all holding our breath to see what the next few months have in store for us here), I think it is important to get some useful tips into the hands of homeowners who […]

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