Snohomish County Market Report for July 2015 | The Diemert Properties Group

The real estate market is always changing. Here in Snohomish County, WA home prices are up, inventory is slowly getting better and interest rates are still very low! That makes it not only a fantastic time to sell a house but also a great time to buy a house because you will get the most for your home and great interest rates when you buy a home. Interest rates play a big role in how much you can get qualified for and what your monthly payment will be. Although house prices are going up, you can still find a great deal if you act quickly when one comes up. Make sure you have a full time agent working for you to get you the best deal! The Diemert Properties Group is 100% committed to giving our clients more than exceptional service with both buying houses and selling houses. The following real estate market statistics are from the Northwest Multiple Listing Service.

Selling Your Snohomish County House:

The Snohomish County Market Report shows that in July 2015 there were a total of 1,931 active homes, 973 Pending Homes and 1,069 homes that sold in Snohomish County, WA. What does that mean to you as a seller? The Active homes are what your direct competition is. If there are two of the same houses active on the market a buyer is most likely going to buy the least expensive house of the two choices. That is why you want to be competitive when pricing your house for sale. The pending homes and sold homes show you what people are willing to pay for a house like yours.  Homes on average are closing in about 31 days according the the Market Dynamics report.

Right now inventory is up 20.3% year to date which means there is more competition out there. With that being said, there is still only 1.8 months of inventory making it a sellers market still. The average sales price in Snohomish County is up 9.2% year to date. That means that you can get about 9% more for your home this year vs. last year. Some areas in Snohomish County are up to 14% more in price compared to last year! Houses on average are selling 9.4% faster than they were last year. That is great news for home sellers! The average time a house sits on the market is 48 days. Some areas are selling faster sitting on the market around 30 days. Location greatly determines the price and how fast your home will sell.

Are you looking to Sell a house in Snohomish County? Call 425-308-6641 or use our fast home value estimator.

Buying a House in Snohomish County:

Are you considering buying a house in Snohomish County, WA? Now is a great time to buy! Many people worry because house prices are up, however, with the low interest rates it really helps balance out the cost. If you plan to wait until house prices decrease you can risk the interest rates going up. 1% interest rate equals about $10,000 – $15,000. That can really affect how much of a house you can qualify for! The “Putting it in Perspective” graph breaks down the market by price range. You can see that in almost every price range homes are selling at 100% asking price. Some are less than that and some are more. This shows that you need to make an offer close to asking price or at asking price if not over in order to get your offer accepted. If it is in a hot area you will want to put your best foot forward to get the best chance of getting your offer accepted. The Diemert Properties Group can do a Comprehensive Market Report around any homes you want to make an offer on to make sure you are in the ball park of what other surrounding homes are selling for. You can still find great deals on homes if you are okay doing some sweat equity. There are bank owned homes, short sales and foreclosures that are priced where you can make instant or fast equity! To get a list of great deals in Snohomish County or surrounding areas contact the Diemert Properties Group today and we will send you homes.

You might also like: How Much Does it Cost to Buy a House in Snohomish County?

You can see here that the inventory of homes for sale is slowly increasing. This is good news for buyers because you will have more homes to choose from with less competition. However, this shows that there are still only 1.8 months of inventory in Snohomish County. That is still lower than a balanced market. 1.8 months of inventory means that if no one else puts their house on the market in 1.8 months there will no longer be any homes for sale in Snohomish County. This is great for sellers because there is less competition than in a balanced market. Buyers will act quicker on making offers because homes are selling quickly and for pull price.

This Month in Real Estate Monthly Series

The Snohomish County real estate market is always changing day to day, month to month and year to year. It is great to know what is going on in your area whether you rent a home or own a home.  Our Snohomish County Market Insider gives you up to date information specific for your area. It gives you information on current home prices, inventory of the market, property ownership, median days on market and more! You can also find out information on schools and community information. View critical information about what is happening now, so you can be a “Market Insider“!  Click here to become a market insider for your zip code!

Snohomish County Property Search

This Month in Real Estate is a video series from Keller Williams Realty that is published monthly. It offers an inside look at the national real estate statistics. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis. If you want to know about your area specifically call Tracie Diemert for your own personalized market statistics. (425) 308-6641 or email  traciediemert@gmail.com

If you want to buy, sell or invest in real estate the Diemert Properties Group can help! We have a full time listing specialist and buyers specialist ready to help. Click one of the links below or call us anytime at 425-308-6641

I need to sell my home – Get a free market analysis to find out your homes true value.

I want to buy a home – Get access to all of the active listings in the Multiple listing service!

I want to buy an investment home – Find all of the hot deals that you can’t pass up near you!