Market Insights | June 2020

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!