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Market Update - Stanwood 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 in Stanwood for residential homes.
|
Price |
Total # Homes |
# Pending Sales |
Percentage (Demand) |
Average # Days on Market |
|
$100-150K |
0 |
0 |
n/a |
n/a |
|
$150-200K |
3 |
1 |
33% |
74 |
|
$200-250K |
16 |
0 |
0% |
66 |
|
$250-300K |
27 |
2 |
7% |
81 |
|
$300-350K |
44 |
5 |
11% |
103 |
|
$350-400K |
25 |
3 |
12% |
158 |
|
$400-450K |
27 |
3 |
11% |
147 |
|
$450-500K |
20 |
2 |
10% |
98 |
|
$500-550K |
14 |
0 |
0% |
129 |
|
$550-600K |
15 |
0 |
0% |
128 |
|
$600-700K |
11 |
0 |
0% |
116 |
|
$700-800K |
8 |
0 |
0% |
103 |
|
$800-900K |
2 |
0 |
0% |
174 |
|
$900-1 million |
1 |
0 |
0% |
32 |
|
over 1 million |
9 |
0 |
0% |
167 |
|
TOTAL |
222 |
16 |
7% |
115 |
What does this data mean?
It means if you are looking to sell your home, if the value is around $200,000 you’ll be doing well. 33% of homes in this range are pending and the average days on market is very reasonable, at only 74.
If you are a buyer, these numbers mean that you do have quite a few options when it comes to purchasing. But, the average days on market tells us that homes are still moving steadily in certain price ranges.
If you are thinking about selling your home in or moving to Stanwood, 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