Market Insights | May 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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May 2020 Market Insights

 

Despite the economic downturn stemming from COVID-19, key indicators suggest that the Stanwood market is turning in a positive direction. The volume of new listings rose 10 percent, pending sales jumped 71 percent, and the average sale prices increased 10 percent. Camano Island saw a 16 percent increase in the average sale price, but the year-over-year number of new listings fell 47 percent and pending sales dropped 25 percent. 

 

Both Stanwood and Camano Island have very limited inventories – less than 2 months each – and I expect there will be an increased demand in our area as people move away from the cities in the future. The accessibility, sense of community, and outdoor recreation will make Stanwood Camano a top choice for home buyers moving forward!

 

As home buyers and sellers adjust to the restrictions put in place by the COVID-19 pandemic, I want to assure you that our team is here to help you. Just last month, we sold 28 homes! Now with both Island and Snohomish counties in phase 2, we’re excited to welcome you back to our offices! We’ll continue to implement best practices to keep you and our team members safe by wearing masks, practicing social distancing, and taking added precautions when showing or visiting homes.

 

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

View Camano Island Report

View Stanwood Report

 

Posted on June 18, 2020 at 3:19 pm
Windermere Stanwood Camano | Category: Buying, Market Insights, Selling, We Are Stanwood Camano

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