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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Bothell. Low mortgage interest rates with falling home prices makes a home purchase a great value! Call now for more information at 206-795-0157.
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| Average Home Price | $275,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 80-85% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Bothell is | Increasing |
| Seller Activity for the past 90 days in Bothell is? | No Change |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Currenty 30 year mortgage rates are at 4%, which is a historical low. |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Bellevue |
| Housing Hot Spots | Most cities within the King County area are considered ’Housing Hotspots’, along with the Canyon Park area and old Bothell, downtown. The future Bothell Town Center and Bothell’s emerging biotech industry have made the town a very desirable place to live. |
| Average Sold Price | $275,000 - View Graph Trend |
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Top Agent
HouseHunt, Inc.
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