Local Market Insights
Keep Up with the Local Market
Our local real estate market is unique and we know that we can’t depend on Seattle real estate news to have a thorough understanding of what’s going on and what to expect here. That’s why we prepare a hyperlocal report every month. This in-depth look at the Stanwood and Camano Island market includes key statistics, like listings sold by price point or the number of days on the market, and empowers our agents and our clients with the most up-to-date and relevant information.
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.
Stanwood
$770,101
Average Sale Price
As of October 31, 2024
Camano Island
$816,243
Average Sale Price
As of October 31, 2024
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Market Insights: October 2024
October 2024 Market Insights October 2024: Our local real estate market is showing signs of balance. The average home price has increased by 12% from last year. However, prices have remained relatively stable in recent months, averaging around $800,000. Homes take about 36 days to sell on average. Sales prices vary, with some listings selling […]
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Market Insights: September 2024
September 2024 Market Insights September 2024: The latest NWMLS data shows home sellers in Western Washington are adjusting expectations, with list prices down from peak levels in all but one market. As a result, sale price growth is also slowing, although prices remain up year-over-year. The Federal Reserve’s decision to lower interest rates in September […]
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Market Insights: August 2024
August 2024 Market Insights August 2024: Mortgage rates have begun to moderate, dropping to 6.35% for 30-year terms at the end of August, down from this year’s high of 7.52% at the end of April. The market is shifting toward a more balanced market, with increased supply coming onto the market. The number of homes […]
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Market Insights: July 2024
July 2024 Market Insights July 2024: The continued incremental decline in interest rates and increase in available listings for sale have continued to fuel market activity. Economists are indicating a further decline in interest rates driven by the Federal Reserve in September and into 2025, which could further stimulate the market. The market did experience […]
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Market Insights: June 2024
June 2024 Market Insights June 2024: Active listings have shown consistent month-over-month increases, with pending and sold transactions following typical seasonal trends. Over the last two months, there has been a notable influx of new listings, resulting in a significant rise in market inventory compared to previous periods. This abundance of options is especially beneficial […]
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Market Insights: May 2024
May 2024 Market Insights May 2024: The recent increase in listings, the highest in over 1.5 years, is a positive sign for the real estate market, particularly during the spring selling season. This influx has pushed active inventory into the triple digits. Additionally, the market has seen the most sold listings since last August, further […]
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Market Insights: April 2024
April 2024 Market Insights April 2024: “Although home sales are at a 30-year low as buyers face higher borrowing costs and stubbornly low inventory, housing options on the market are beginning to increase.” according to Lawrence Yun, NAR’s chief economist. That is clearly evident in our markets as inventories climb above 100 properties for the […]
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Market Insights: March 2024
March 2024 Market Insights March 2024: We are starting to see an up-tick of activity in the market, with more new properties being listed than we’ve seen since last spring. While we are still in a seller’s market, we are seeing more activity than at the same time last year. Pending sales in the month […]
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Market Insights: February 2024
February 2024 Market Insights February 2024: Our Stanwood and Camano Island markets have remained slow over the past few months, which aligns with the typical seasonal patterns following the holiday season and winter weather. Interest rates continue to hover around 7%, which slows sellers’ willingness to give up their low mortgage rates and reduces buyers’ […]
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Market Insights: January 2024
January 2024 Market Insights January 2024: Available inventory in our markets continues to decline due to typical seasonal patterns. Limited new listings are fueled by seller reluctance due to interest rates. They feel trapped with their low interest mortgages, limiting their ability to purchase the home that they want to purchase after they sell. Buyers […]
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Market Insights: December 2023
December 2023 Market Insights December 2023: December marked the lowest number of new listings for all of 2023 in both the Stanwood and Camano Island markets. As a result, active inventory is the lowest that it has been since April. Seasonal patterns typical of this time of year and low inventory resulted in the lowest […]
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Market Insights: November 2023
November 2023 Market Insights November 2023: The past weeks have seen gradual declines in interest rates. 30-year fixed mortgage rates have dropped over a point and a half over the past two months to just over 6.6% currently. Economists are predicting an additional drop in rates to 6% in the latter part of 2024. This […]
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Market Insights: October 2023
October 2023 Market Insights October 2023: In the past months, the purchasing power of potential home buyers has weakened further with rising interest rates and a continued lack of inventory, creating a slowdown in market activity. Active listings in our combined market have remained fairly steady over the past six months at just over 100 […]
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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 […]
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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 […]
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