Have prices for Bothell real estate plateaued?
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Have prices for Bothell real estate plateaued? This Week:The median list price in Bothell this week is $519,900, down from last week’s median list price of $537,000. The Market Action Index (MAI see below chart) has been trending down lately, while days-on-market is climbing. providing mostly bearish signs for the market.Average days-on-market: 55 days up from last week’s 53 days.Percent of properties with price decreases: 30% up from last week’s 32%Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood. Supply and DemandThe market h...
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