subject: The current market for homes for sale Everett [print this page] Author: James A Johnson Author: James A Johnson
A review of the market numbers from December 2008 compared to 2009. These numbers are straight from the North West Multiple Listing Service for Washington State. They report the market conditions for homes for sale Everett in December 2009. These numbers are compared to 2008 which was a complete disaster. So if they are down that is from a terrible year. If they are up take it with a grain of salt because the numbers were so bad in 2008. 1) The average price of an active listing fell from $460,248 to $399,284. So the average listing price fell 13.7%. 2) In new construction we see the biggest declines. New construction listings fell by 1032 or 26.6%. The average price fell by $48,070 or 9.9%. Reflecting the builders dumping inventory the average time on market fell by 20 days to 148 days. That by the way is 5 months to sell a new home. 3) Condominiums reflect the same type of declines. 4) Homes for sale Everett at the lower end of the price spectrum did very well as the First Time Home Buyer Credit helped to move these low end homes quickly. I have noticed a major slow down in sales and pending sales because the credit was extended to the end of April 2010. We will see that pick up some as we get nearer to that date. 5) Active listings for December 2009 were 4436 and that was down 17.5% from last year. The average price was down $59,213 or 13.8%. The average time on market was about the same at 130 days to sell. 6) One of the very few bright spots was the fact that YTD closed sales were up to 6644 from 6291 last December or an increase of 5.6%. The average closed sale YTD was $313,849 down 9.9% from $348,269. All in all if I hear anymore from the MSM (main stream media) that we are recovering I think Ill puke. Because of the bias of the MSM these numbers get glossed over or not reported at all. As far as 2009 and homes for sale Everett the ONLY thing I can say is I am glad 2009 is over. Jim Johnson and comments are always welcome Everett Mortgage on Line About the Author:
Jim Johnson E.A. retired; (Enrolled Agent, licensed to practice law in tax court) BS -19+ year experience as an independent loan officer. 15 years as an Enrolled Agent Licensed to Practice law in tax court, Real Estate Agent 15 years, BS Accounting, Economics University of Wisconsin - Milwaukee.
In 2009 I ran for mayor of Everett, WA I lost with 30% of the votes.
Currently I offer local political commentary in KSER Radio 90.7 FM every Wed at 9:05 AM.
