Here is a few interesting facts our Broker shared this morning at our office meeting. The information came from the NWMLS statistics.
In 2011, 7480 residential transactions were closed in Snohomish County. The average selling price in the county was $269,000 and the median price was 241,000. The average market time was 82 days. The highest sale in Snohomish County was $2,385,000.00 for a property located in Stanwood, Washington.
The chances of receiving an acceptable offer on a residential property in Snohomish County was 68% in 2010 and the chances of closing that offer was 48%. In 2012 the chances of receiving an acceptable offer improved to 93% and the chances of closing that transaction were 62%.
All good signs pointing to an improving Real Estate Market for 2012!