Snohomish County Real Estate Statistics for June 2010

Not even the lowest interest rates in decades and incredible deals could get many wary buyers off the fence. Home sales remain sluggish and off from last year even though closed sales in June were up from May.

The world’s economy, home values continuing to slide in many areas and a roller coaster stock market all are contributing factors to buyer uncertainty.

A bright spot was the extension of the Home Buyer Tax Credit, giving buyers already under contract more time to close the transaction. This was a very important extension since the National Association of Realtors claim that as many as 180,000 buyers would have missed the previous deadline of June 30th.

All I can say is that this is the BEST BUYERS market I have seen in the 22 plus years I have been selling real estate. I hope that buyers take advantage of the incredible market conditions because it never lasts.

Here are the Snohomish County statistics for June 2010 broken into categories:

Residential

New Listings: 1237 Active Listings: 4694 Average Price: $372,781

Residential New Construction

New Listings: 160 Active Listings: 818 Average Price: $384,835

Condominiums

New Listings: 260 Active Listings: 1119 Average Price: $236,780

Condominiums New Construction

New Listings: 35 Active Listings: 210 Average Price: $340,018

Residential Pending Sales:

699 pending sales with an average price of $306,712 (list price) and 102 days on market

Residential New Construction Pending Sales:

89 pending sales with an average price of $331,108 (list price) and 118 days on market

Condominium Pending Sales:

122 pending sales with an average price of $221,669 (list price) and 119 days on market

Condominium New Construction Pending Sales:

24 pending sales with an average price of $270,083 (list price) and 127 days on market

Residential Closed Sales:

751 closed sales with an average price of $302,870

Residential New Construction Closed Sales:

208 closed sales with an average price of $320,966

Condominium Closed Sales:

147 closed sales with an average price of $220,493

Condominium New Construction Closed Sales:

49 closed sales with an average price of $253,077

**This data was obtained from the Northwest Multiple Listing Service