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Local Market Insights

Windermere Stanwood Camano 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

$684,388

Average Sale Price

As of February 29, 2024

30

Active
Listings

47

Homes Sold
Year to Date

58

Average
Days on Market

100%

List to Sales
Price Ratio

Camano Island

$700,118

Average Sale Price
As of February 29, 2024

49

Active
Listings

21

Homes Sold
Year to Date

52

Average
Days on Market

99%

List to Sales
Price Ratio

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Market Insights: February 2024

March 19, 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

February 28, 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

January 19, 2024

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

December 13, 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

November 21, 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

October 17, 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

September 14, 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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Market Insights: July 2023

August 17, 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 […]

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Market Insights: June 2023

July 13, 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, […]

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Market Insights: May 2023

June 16, 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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Market Insights: April 2023

May 12, 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 […]

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Market Insights: March 2023

April 11, 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 […]

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Market Insights: February 2023

March 14, 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 […]

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Market Insights: January 2023

February 16, 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 […]

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Market Insights: December 2022

January 12, 2023

The 2022 real estate market in Stanwood and Camano Island “ended with a whimper rather than a bang”, stated Matthew Gardner, Chief Economist at Windermere Real Estate. “Overall, the housing market is going to continue falling off the ‘sugar high’ that was a function of the artificially low mortgage rates during the pandemic,” he added. […]

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