Market Insights | January 2021

Stanwood and Camano Island are experiencing pent-up demand from buyers that want to move to our community – or already live here and would like to downsize or move-up. As a result, prices continue to creep up, rising more than 9% from a year ago. January’s “extraordinarily low inventory” (down 66% in our zip codes) suggests continued price growth into the spring as demand remains high and interest rates remain low. At the end of January, there were 32 residential listings in the Stanwood-Camano Island market, down from 98 last January.

With Snohomish county moving into Phase 2, resulting in open houses resuming with up to 10 visitors socially-distanced (including the broker) and COVID-19 vaccinations underway, we’re feeling optimistic for 2021. The Super Bowl generally serves as a kickoff to the early spring housing market. We are seeing it already. We expect more listings to hit the market as the nice weather continues. We also see buyer demand continuing.

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.