North Sound Property News

My friend asked:
What are my smartest options for financing? Like here, with the salary I’m making now, I might qualify for one of those first-time homeowners loans. What’s the minimum I could have saved and still buy a house? You mentioned borrowing against your 401(K) before. How does that work? What’s the optimal combination of […]

[Read more →]

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 […]

[Read more →]

So many books and articles have been written about the various ways to make money off of doing fixer flips that adding another to the pile hardly seems necessary.  However, few articles talk about the potential downsides of this investment strategy.  And with the market currently going through a period of correction, some people see opportunity […]

[Read more →]

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 →]

On the heels of last weeks posting of statistics just for Mukilteo, I’m also going to post stats for other areas in the North Sound.  All data compiled from but not published or verified by NWMLS. Includes Residential and Condominium.
 Area 600 (Woodinville, Duvall, Juanita/N. Kirkland, Kenmore)

Inventory

Median $

DOM

08/07
08/06
% Chg
08/07
08/06
% Chg
08/07
08/07

Active
851
529
+60%
$529,900
$524,950
+.9%
64
55

Pending
174
296
-41%
$440,975
$364,975
+20%
51
39

Sold
211
293
-28%
$442,000
$402,000
+10%
52
35

Market Absorption Rate (the amount of time it would […]

[Read more →]