Buying

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Buying Market Insights: September 2023 August 2023 Market Insights September 2023: Home values are still holding strong with Average Sales prices at over $700,000 for our two zip codes. Additional home price gains are more challenging in the short term due to continued mortgage rate increases that limit prospective buyers’ purchasing power. The result is a continued decline in transaction volume in our current […]
Buying What Does DOM Mean in Real Estate? What Does DOM Mean in Real Estate? As you start searching for homes, you’ll likely come across different terms that describe the status of different listings. One term, “Days on Market” (DOM), can play a role in your strategy for making an offer. Knowing what this term means will help to inform your discussions with your […]
Buying Market Insights: August 2023 August 2023 Market Insights August 2023: Pending sales on homes during August in our two markets were both up year over year from 2022. We had 29 listings find a buyer on Camano Island and 34 in Stanwood, versus 25 and 31 respectively last year. Other key metrics for August activity showed year-over-year declines, including […]
Buying Market Insights: July 2023 July 2023 Market Insights July 2023: Economists are predicting that mortgage interest rates will adjust down over the next couple of quarters. Predictions are that we will see rates fall below 6% in the 2nd quarter of 2024. When this happens, the housing market will be poised to grow again. The hope is that many […]
Buying 10 Important People in the Home Selling Process 10 Important People in the Home Selling Process Good news! Selling a home is not a solo endeavor. Your goal in selling your home is to get the best price in a timeframe that meets your needs. To do that, you’ll enlist a team of professionals. So, who are the parties involved in a real […]
Buying Market Insights: June 2023 June 2023 Market Insights June 2023: the Stanwood and Camano Island area markets have seen our highest volume of closed sales last month (61 homes) in over nine months when we saw 81 homes sold in August 2022. The result, our current active listings are down 17% for the same time period as last year, […]
Buying Turnkey vs. Fixer-Upper: Pros and Cons Turnkey vs. Fixer-Upper: Pros and Cons written by Sandy Dodge The beauty of real estate is that different properties satisfy different needs. Although single-family homes are great for putting down roots, that may not be your motivation for purchasing your next home. If you’re looking to buy a property with the intent of renting it, both turnkey […]
Buying Market Insights: May 2023 May 2023 Market Insights May 2023 in Stanwood and Camano Island, the current combined inventory is higher than it was at the same time last year, with a total of 105 active residential listings at the end of May 2023 as compared to 88 last May (a 19% year over year increase). Even with this, […]
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Buying What Goes Into Owning A Waterfront Home? A waterfront home offers surroundings unlike any other. Their prime locale and stunning views virtually guarantee a lifetime of relaxation, waterfront get-togethers, and summer nights under the stars. Waterfront homes have great potential as investment properties as well. But for all the perks waterfront homeownership offers, it comes with its own set of responsibilities, too. Should I […]
Buying Market Insights: April 2023 April 2023 in Stanwood and Camano Island, the current combined inventory was slightly higher than the same time last year, with a total of 80 active residential listings at the end of April 2023 as compared to 75 last April. Despite this comparatively small increase in total active listings, our market activity for April shows […]
Buying 10 Important People in the Home Buying Process 10 Important People in the Home Buying Process It takes a village to purchase a home. Though it’s ultimately you who is paying for the property, successfully purchasing a home is a result of several people’s contributions. It helps to know who these individuals are, how they responsibilities pertain to your home purchase, and when […]
Buying Market Insights: March 2023 March 2023 in Stanwood and Camano Island combined inventory has almost doubled from the same time last year, from 38 residential listings last March to 75 at the end of last month. We are still in a Sellers’ Market, with low inventory in both of our zip codes. But, at the same time, buyers have […]
Buying Market Insights: February 2023 February 2023 in Stanwood and Camano Island showed upticks in new listings and pending sales compared to January. Based on the activity, it appears that a degree of balance is returning to the market. New Listings: There were 66 new listings added to inventory last month, 38 in Stanwood and 28 on Camano Island. This […]
Buying Homeownership Terms to Know: Pre-Approval, Pre-Qualification & More Throughout the home buying process, you’ll encounter several checkpoints. At every stop, you’ll get closer to the ultimate goal of purchasing your next home. Each one satisfies unique criteria required to become a homeowner, and each one has its own terminology. Before you begin your home buying journey, it’s helpful to know about pre-approval, pre-qualification, and […]
Buying Market Insights: January 2023 January 2023 in Stanwood and Camano Island ended on an encouraging note with pending sales reaching the highest level since September and surging nearly 26% above December. New Listings: Camano Island had 20 new listings hit the market in January. Stanwood had 15 new listings compared to 21 last January. Overall, 35 new listings were […]
Buying What’s a Home Warranty and Why Do You Need One? To be a homeowner is to understand that things can change at a moment’s notice. It’s only a matter of time before the systems in your home break and your appliances are on the fritz. But this inevitable truth isn’t meant to be all doom and gloom. Fortunately, you can protect yourself against these events […]
Buying Windermere Chief Economist Shares Local Predictions for 2023 Matthew Gardner, Windermere’s Chief Economist, joined us at the Camano Center where he delivered his 2023 forecast for Stanwood and Camano Island. He provided an in-depth look at the local market and highlighted key trends that will impact the area’s housing market over the next few years. His forecast provided essential insight into where Camano […]
Buying House vs. Townhouse vs. Condo Deciding between a house, townhouse, and condominium can be a difficult process. Understanding how the characteristics of each housing type aligns with your life goals and finances will help you work with your agent to identify which housing type is right for you. Renting vs Buying: Which is better for you? How do you define […]
Buying Market Insights | September 2022 September 2022 in Stanwood and Camano Island was like the pre-pandemic September of 2019. We cannot compare today’s housing market with the COVID stimulus market of 2020 – early 2022. Windermere’s Chief Economist, Matthew Gardner has dubbed this period “The Great Reversion”. Sales volume has dipped a little in our area, which is common for […]
Buying What Is an Adjustable-Rate Mortgage (ARM)? An integral part of the formula to successfully buying a home is securing the correct amount of financing. Once you’ve found the home you’d like to pursue, one of your primary tasks is exploring different loan products to see which best fits your situation. Eventually, you’ll come to a fork in the road where you’ll need […]

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