Market Insights | October 2020

OCTOBER 2020 reflected a continuation of the summer market into autumn, putting sellers in a great position. With less than one month’s supply of inventory in the Stanwood and Camano Island markets, buyers must be ready to compete. The trends are leading us to believe that we may skip the typical winter slowdown this year.
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  • Camano Island inventory is down 41% from this time last year, Stanwood is down 39%
  • Homes Sold YTD on Camano Island is down 4%, but up 15% in Stanwood
  • Average Sales Price is up in both markets. 16% on Camano Island and 7% in Stanwood year over year

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Supply and demand continue to drive the Stanwood and Camano Island real estate market. Record low-interest rates have increased purchasing power.

Open house traffic has increased since the Governor opened guidelines to all counties in early October. Open houses are limited occupancy with strict adherence to required safety guidelines.

At Windermere, 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.

We are all in, for you.

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Marla Heagle
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Windermere Real Estate Designated Broker | REALTOR®

Owner, Windermere Stanwood & Camano Island

marla@windermere.com

360-387-HOME

windermerestanwoodcamano.com

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Posted on November 13, 2020 at 9:35 am
Windermere Stanwood Camano | Category: Buying, Market Insights, Selling, We Are Stanwood Camano

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