Market Insights | February 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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February 2020 Market Insights

 

The spring is one of the busiest times in real estate; just last week we listed 7 new properties and had another 14 move to pending. In February, Stanwood and Camano Island were sellers’ markets with strong active-to-pending ratios, low average time on the market, and a higher average sale price than last year.

 

Typically, we look at past numbers to predict trends for upcoming months. However, we understand that this is a time of relative uncertainty as the situation with the COVID-19 pandemic continues to evolve. One resource we rely on to provide up-to-date market information and insight is Windermere’s Chief Economist, Matthew Gardener. Watch a short video below in which Matthew leverages his decades of expertise to predict how the housing market may briefly contract and soon recover from this global pandemic with lower interest rates and a limited supply of listings.

 

We will continue to monitor the situation and work tirelessly for our clients. In addition to frequent handwashing, thorough cleaning, and good hygienic habits in our offices, we will implement best practices to keep our clients healthy and safe as we continue to work with Buyers and Sellers.

 

Take a look at the full report for Stanwood and Camano Island and, if you have any questions, send me a note! We look forward to continuing to serve you!

 

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Posted on March 14, 2020 at 8:38 am
Windermere Stanwood Camano | Category: Buying, Market Insights, Selling, We Are Stanwood Camano

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