Market Insights | March 2021

There were 72 pending sales in our zip codes last month. This volume of mutually accepted offers marked a 29% increase on Camano Island from a year ago, and a 27% decrease in Stanwood from March 2020.

There was an extraordinary drop in the number of active listings between this year and last year in Stanwood and Camano Island. Statistics show an 80% decline in total active listings, shrinking from 126 in 2020 to 25 at the end of March.

Another way to look at our local market is that the homes are nearly sold out all the way up to the luxury price range. This is not due to a lack of new listings, but because of the strong Buyer demand.

We are down to a combined 9 days of inventory in our market, leading to bidding wars, escalating prices and Buyer fatigue. Many Buyers are conducting pre-inspections, including strong preapproval letters for financing, and using the listing price as a starting point for their offer and escalating to a price that works to their advantage.

At Windermere, our responsiveness 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.