Market Insights | February 2021 - Windermere Stanwood Camano

FEBRUARY 2021 housing activity in the Stanwood and Camano Island market was not slowed down by the significant Valentine’s Day weekend snowfall. There were 56 homes added to our inventory in February and 57 pending sales. February wrapped up with historically low inventory, 18 active residential listings at the end of the month (9 listings on Camano Island and 9 listings in Stanwood.) This is down 83% from the 108 listings that were on the market the end of February in 2020.

Stanwood and Camano Island continue to experience pent-up demand from buyers that want to move to our community – or currently live here and are ready to downsize or move up. As a result, prices continue to creep up, rising more than 10% from a year ago. Of the 54 residential homes sold last month, 20 sold at the listing price, and 24 sold above the listing price. 116% was the highest list to sale price ratio in February. The average was 102%.

Our team is working hard to prepare Buyers both emotionally and financially for the realities they face competing for such a limited number of listings. With ‘Spring in the air’ and some of the restrictions being eased, we anticipate more listings to hit the market – we also see Buyer demand continuing, even with the slight increase in interest rates. The intensity that we are seeing now should come down a little as new listings are added.

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

We are all in, for you.

Stanwood Market Insights

Camano Island Market Insights

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