New stats came out this month that show our neck of the woods is still suffering from economic jet lag. For the Edmonds/Lynnwood/Mountlake Terrace neighborhoods, housing sales volumes dropped from 158 homes sold last September to 126 this September, for a drop of 20.3%. Year to date, though, we've actually sold more units than last year at the same time. But it might still be too optimistic to say we're out of the woods based just on that statistic alone. After all, the median price of $295,000 for Sept '10 is still 2.5% lower compared to last year ($310,000). Oh, and it's taking twice as long to sell real estate than it did last year at this time.
On a bright note, these numbers are better than other areas in Snohomish County - like Everett, Mukilteo, Mill Creek, Monroe, Marysville & Arlington/Lake Stevens.
Statistics aside, I still see the light at the end of that very long tunnel now. Buyers are ever so slowly getting back into the market with record low interest rates and affordable home prices. If you're considering buying OR refinancing, here's a nice tool that will help you comparison shop and figure out payments. No surpise: it's from Google (again).
Casey Bui, REALTOR
Edmonds, WA
- Edmonds WA Realtor - Learn about real estate and how I can help you.
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Casey Bui, MPA
Managing Broker,
Residential Real Estate Division
Rockwell Realty
(206) 234-5611
caseybui@gmail.com
