Market Insights | June 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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June 2020 Market Insights

 

If I could sum up the month of June in two words they would be Multiple Offers! While this isn’t the case in every listing, we are seeing a much higher percentage than recent history. This could be attributed to the low inventory and very high buyer demand.
Stanwood and Camano Island are so close in proximity, yet their market reports tell two different stories. Both Stanwood and Camano Island have very limited inventories, with less than 2 months each, Camano Island has 39% less in inventory than last year, yet the average sales price rose substantially by 14%. Average sales prices are going up for two reasons, we have sold more high-end homes this year than last, as well the demand for homes has increased. Stanwood has 26% less in inventory than last year, with the average sale price rising 12%.
As home buyers and sellers have adjusted 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 53 homes! Now with Island County in phase 3, we’re excited to offer Open Houses in Camano Island. Snohomish County is currently in phase 2, and our Stanwood office is open by appointment only. 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 July 16, 2020 at 9:08 am
Windermere Stanwood Camano | Category: Buying, Market Insights, Selling, We Are Stanwood Camano

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