No Comments! Be The First!
Market Update - Camano Island 2007 Snapshot
Posted By Jen Hudson
Let’s close 2007 with a quick snapshot of what is going on in our market place today.
The supply and demand in real estate is best gauged by looking at the number of pending sales. Here is a snapshot of what our market looks like today on Camano Island for residential homes.
|
Price |
Total # Homes |
# Pending Sales |
Percentage (Demand) |
Average # Days on Market |
|
$100-150K |
1 |
0 |
0% |
119 |
|
$150-200K |
18 |
1 |
6% |
78 |
|
$200-250K |
18 |
1 |
6% |
107 |
|
$250-300K |
32 |
0 |
0% |
106 |
|
$300-350K |
29 |
0 |
0% |
159 |
|
$350-400K |
31 |
3 |
10% |
127 |
|
$400-450K |
19 |
1 |
5% |
120 |
|
$450-500K |
37 |
2 |
5% |
234 |
|
$500-550K |
17 |
1 |
6% |
134 |
|
$550-600K |
19 |
0 |
0% |
180 |
|
$600-700K |
28 |
0 |
0% |
114 |
|
$700-800K |
22 |
1 |
5% |
121 |
|
$800-900K |
7 |
0 |
0% |
203 |
|
$900-1 million |
4 |
0 |
0% |
156 |
|
over 1 million |
16 |
2 |
13% |
162 |
|
TOTAL |
298 |
12 |
4% |
143 |
What does this data mean?
It means if you are looking to sell your home, you’ll need to be patient and price it right! Some of the best price ranges to be in are $350-400,000 and over 1 million.
If you are a buyer, these numbers mean that you do have quite a few options when it comes to purchasing. But, don’t wait too long. Homes that are priced to sell still go quickly and you don’t want to miss your opportunity.
If you are thinking about selling your home in or moving to Camano Island, give me a call. I’d love to assist you in making an informed decision.
Jen Hudson, GRI (360) 652-1200 or jen@jenhudsonhomes.com
Dec 31st, 2007