Market Insights | September 2020

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SEPTEMBER 2020 remained a strong Seller’s market with record low inventory in the Stanwood and Camano Island markets.

• Camano Island inventory is down 46% from this time last year, Stanwood is down 40%
• Homes Sold YTD on Camano Island is down 13%, but up 8% in Stanwood
• Average Sales Price is up in both markets. 16% on Camano Island and 9% in Stanwood year over year

We are continuing to see urban flight – families, professionals, and retirees leaving the more populated areas and heading this way. The median sale price in King County is $698,230, but it is $510,000 on Camano Island and $480,000 in Stanwood. This affordability factor bodes well for first time home buyers and those wanting to upsize or downsize.

There have been 31 sales YTD in the “luxury” market based on selling prices of $1 million and above. A year ago, there were 20 sales in this category.

At Windermere we are all in, for you. Our attention to the local market, dedication to the community, and commitment to our clients is why we sell more real estate in Stanwood and Camano Island than any other company.