Home prices fall as winter sets in

  • MIKE BENBOW / Herald Writer
  • Thursday, November 9, 2000 9:00pm
  • Local News

By MIKE BENBOW

Herald Writer

Snohomish County home sales increased in October, but prices dropped significantly as the real estate market prepared for the winter doldrums.

The combined median price of single-family homes and condominiums in the county was $184,950 in October, down nearly $10,000 from last month. The September median was a record $194,808, according to the Northwest Multiple Listing Service, which collects data from real estate agencies.

Single-family homes alone sold for a median price of $191,000 and condos sold for a median $140,000. The median means half the homes sold for more and half sold for less.

Snohomish County home prices were second in the Puget Sound area to King County, where the combined median was $232,500, the median for houses was $250,000, and the median for condos was $154,688.

While prices slipped locally, it likely doesn’t indicate a weakening of the home sales market. The number of sales and pending sales last month were up both from the previous month and from the comparable month last year, so the market remains strong.

The average home spent 53 days on the market in October, one day longer than the previous month. Again, that’s typical as the holidays near, a time when many people take their homes off the market.

Here’s a quick rundown of sales for the areas surrounding and including these communities:

  • Arlington, Stanwood and Marysville: There were 168 homes sold in October in an average of 50 days for a median price of $166,500.

  • Camano Island: Homes here took the longest to sell, an average of 97 days, and had a median price of $179,425.

  • Cathcart/Maltby: There were 103 homes sold for a median price of $222,000, the highest in the county, and in an average of 58 days.

  • Everett, Mukilteo, Mill Creek: The most homes, 273, were sold here. They did so in an average of 46 days for a median price of $185,000.

  • Lake Stevens, Granite Falls, Darrington: Eighty-one homes sold here in an average of 70 days for a median price of $170,000.

  • Lynnwood, Edmonds, Mountlake Terrace: Homes here always seem to sell the fastest. In October, it was an average of 37 days. The median price was $209,950.

  • Snohomish, Monroe, Gold Bar: The 105 homes sold spent an average of 68 days on the market and had a median price of $185,950.

    Talk to us

  • More in Local News

    Marysville firefighters respond to a 12-year-old boy who fell down a well Tuesday May 30, 2023 in Marysville, Washington. (Photo provided by Marysville Fire District)
    Marysville firefighters save boy who fell 20 feet into well

    The 12-year-old child held himself up by grabbing on to a plastic pipe while firefighters worked to save him.

    Highway 9 is set to be closed in both directions for a week as construction crews build a roundabout at the intersection with Vernon Road. (Washington State Department of Transportation)
    Weeklong closure coming to Highway 9 section in Lake Stevens

    Travelers should expect delays or find another way from Friday to Thursday between Highway 204 and Lundeen Parkway.

    Students arriving off the bus get in line to score some waffles during a free pancake and waffle breakfast at Lowell Elementary School on Friday, May 26, 2023, in Everett, Washington. (Ryan Berry / The Herald)
    800 free pancakes at Everett’s Lowell Elementary feed the masses

    The annual breakfast was started to connect the community and the school, as well as to get people to interact.

    Marysville Mayor Jon Nehring speaks at the groundbreaking event for the I-5/SR 529 Interchange project on Tuesday, May 23, 2023 in Marysville, Washington. (Olivia Vanni / The Herald)
    $123M project starting on Highway 529 interchange, I-5 HOV lane

    A reader wondered why the highway had a lane closure despite not seeing work done. Crews were waiting on the weather.

    Justin Bell was convicted earlier this month of first-degree assault for a December 2017 shooting outside a Value Village in Everett. (Caleb Hutton / Herald file)
    Court: Snohomish County jurors’ opaque masks didn’t taint verdict

    During the pandemic, Justin Bell, 32, went on trial for a shooting. Bell claims his right to an impartial jury was violated.

    Gary Fontes uprights a tree that fell over in front of The Fontes Manor — a miniature handmade bed and breakfast — on Friday, May 12, 2023, at his home near Silver Lake in Everett, Washington. (Ryan Berry / The Herald)
    Everett’s mini-Frank Lloyd Wright builds neighborhood of extra tiny homes

    A tiny lighthouse, a spooky mansion and more: Gary Fontes’ miniature world of architectural wonders is one-twelfth the size of real life.

    Will Steffener
    Inslee appoints Steffener as Superior Court judge

    Attorney Will Steffener will replace Snohomish County Superior Court Judge Janice Ellis, who is retiring in June.

    Logo for news use featuring the municipality of Snohomish in Snohomish County, Washington. 220118
    Report of downed hot air balloon turns up farmer’s tarp near Snohomish

    Two 911 callers believed they saw a hot air balloon crash, leading to a major search-and-rescue response. It was a false alarm.

    A few weeks before what could be her final professional UFC fight, Miranda Granger grimaces as she pushes a 45-pound plate up her driveway on Tuesday, July 12, 2022, in Lake Stevens, Washington. Her daughter Austin, age 11 months, is strapped to her back. (Olivia Vanni / The Herald)
    Daily Herald staff wins 5 honors at annual journalism competition

    The Herald got one first-place win and four runner-up spots in SPJ’s Northwest Excellence in Journalism contest.

    Most Read