Market Insights | January 2020

 

Our local real estate market is unique and we know that we can’t depend on Seattle real estate news to have a thorough understanding of what’s going on and what to expect here. That’s why Marla Heagle, owner and REALTOR®, prepares a hyperlocal report every month. This in-depth look at the Stanwood and Camano Island market includes key statistics, like listings sold by price point or the number of days on the market, and empowers our agents and our clients with the most up-to-date and relevant information. 

 

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January 2020 Market Insights

 

It may still be winter, but spring selling season is underway! Attached, you’ll find the complete market report for Stanwood and Camano Island for January 2020, but I’d like to call your attention to a few things.

 

In both Stanwood and Camano Island, there is a higher volume of pending sales than active listings. Even with new listings popping up (our offices just listed nine new homes last week), the market inventory is rapidly decreasing.

 

We’re also seeing homes move to pending in record time, reducing the number of homes on the market to historic lows. Last week, our offices published 16 pending listings. We are also seeing multiple offers on some of these homes, which is rare for February.

 

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Posted on January 30, 2020 at 8:34 am
Windermere Stanwood Camano | Category: Buying, Market Insights, Selling, We Are Stanwood Camano

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