Market Insights | November 2021

NOVEMBER 2021 did not bring any downtime for buyers in our market! Usually, buyers tend to take a break as the holidays approach, but demand remained high last month. Our inventory is down 35% in Stanwood and 6% on Camano Island from one month ago, with only 39 active listings in our two zip codes, 19 on Camano Island and 20 in Stanwood.

.

There were 33 homes sold on Camano Island and 45 homes sold in Stanwood last month. Down 18% from November 2020 volume sold.

.

In our combined market, there were 79 new pending sales and 78 new listings in November. The pending sales are continuing to slightly outpace new listings.

.

Here’s some good news – the FHA loan limits were raised for 2022, up to 511,750 on Camano Island and 891,250 in Stanwood.

.

SELLERS – If you don’t have to wait until the new year to list your home, you might consider do it now. A home listed now will have a larger audience since the Buyer pool has not gone down. If you list your home in early to mid-December, there is a high possibility that it could be off the market by Christmas.

.

BUYERS – As the weather cools and holidays approach, the intensity continues to heat up for each new listing. Lock in your interest rate now and be ready when that new listing hits the market.

.

At Windermere, our responsiveness to the local market, dedication to the community, and commitment to our trade is why we help our clients buy and sell more real estate in Stanwood and Camano Island than any other company.

We are all in, for you.