Housing market cools, but prices continue to climb

  • MIKE BENBOW / Herald Writer
  • Wednesday, July 12, 2000 9:00pm
  • Local News


Herald Writer

In general terms, 6 percent doesn’t sound like much.

Sure, it’s a nice raise. But it’s a pretty small increase in your stock portfolio. And a sandwich that’s 6 percent bigger is certainly nothing to salivate over.

When it comes to buying a house in Snohomish County, however, it’s more than chump change: $10,950 to be exact.

That’s how much more you’d have to pony up to buy a house here this summer than you would have paid a year ago.

The 6 percent increase since then means that the county’s homes, including single-family houses and condominiums, sold for a record median price of $189,950 in June.

That was the word Wednesday from the Northwest Multiple Listing Service, which serves real estate professionals in the central Puget Sound area.

The median, the point at which half the homes sold for less and half sold for more, was $179,000 last year.

Break out the single-family homes, and the numbers get bigger. The county’s median price in June for houses alone was $195,000, while condos sold for a median of $138,000, according to the listing service.

That isn’t much compared with King County, where the house median was $258,900 and condos sold for a median of $154,950. But it’s a lot more than Pierce County, where homes sold for a median of $155,225 and condos sold for $129,970.

While home prices continued to climb in June, sales slipped.

There were 906 houses and condos sold in the county in June, almost identical to the previous month, but down nearly 150 from last year, which was one of the best for sales on record.

Lennox Scott, president of John L. Scott Inc. and a listing service director, said the sales slip may have been due to concerns about interest rates, the government’s proposed breakup of Microsoft and the stock market’s big swings.

"We’ve moved from a frenzied market to a strong healthy market," he said, adding he expects prices to continue to rise, but at a slower rate.

While the number of sales has cooled, the homes sold are spending the same average time on the market, 47 days, as they were last year.

The most expensive homes in the county were in the Maltby area near the King County line, which has a lot of new construction. The median house/condo price there was $250,000.

The least expensive was in the area near Arlington, Darrington, Lake Stevens and Granite Falls, where the median price was $168,325.

You can call Herald Writer Mike Benbow at 425-339-3459 or send e-mail to


Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Local News

A view of one of the potential locations of the new Aquasox stadium on Monday, Feb. 26, 2024 in Everett, Washington. The site sits between Hewitt Avenue, Broadway, Pacific Avenue and the railroad. (Olivia Vanni / The Herald)
20 businesses could be demolished for downtown Everett stadium

Some business owners say the city didn’t tell them of plans for a new AquaSox stadium that could displace their businesses.

Kathy Purviance-Snow poses for a photo in her computer lab at Snohomish High School on Tuesday, Feb. 27, 2024, in Snohomish, WA. (Annie Barker / The Herald)
To ban or embrace ChatGPT? Local teachers fight AI with AI — or don’t

“It has fundamentally changed my teaching in really stressful and exciting ways,” an EvCC teacher said. At all levels of education, ChatGPT poses a tricky question.

In this Feb. 5, 2018, file photo a Boeing 737 MAX 7 is displayed during a debut for employees and media of the new jet in Renton, Wash. (AP Photo/Elaine Thompson, File)
FAA gives Boeing 90 days to develop plan to fix quality, safety issues

The agency’s ultimatum comes a day after a meeting with CEO Dave Calhoun and other top Boeing officials in Washington, D.C.

Two troopers place a photo of slain Washington State Patrol trooper Chris Gadd outside WSP District 7 Headquarters about twelve hours after Gadd was struck and killed in a collision on southbound I-5 about a mile from the headquarters on Saturday, March 2, 2024, in Marysville, Washington. (Ryan Berry / The Herald)
State trooper killed, 1 arrested in crash on I-5 near Marysville

Authorities said Trooper Chris Gadd had been stopped along the freeway around 3 a.m. near 136th Street NE. A Lynnwood driver, 32, was arrested.

A man walks by Pfizer headquarters, Friday, Feb. 5, 2021, in New York. Pfizer will spend about $43 billion to buy Seagen and broaden its reach into cancer treatments, the pharmaceutical giant said. (AP Photo / Mark Lennihan, File)
Pfizer backs out of Everett manufacturing plant after $43B Seagen deal

Pfizer finalized the acquisition of the Bothell-based cancer drug developer in December.

Madi Humphries, 9, Rose Austin, 13, and Eirene Ritting, 8, on Thursday, Jan. 25, 2024 in Bothell, Washington. (Olivia Vanni / The Herald)
No grades, no teachers: Inside a Bothell school run by student vote

Each day at The Clearwater School, 60 students choose their own lessons. It’s one vote per person, whether you’re staff or student.

SonShine Preschool inside First Baptist Church Monroe is pictured Friday, March 1, 2024, in Monroe, Washington. (Ryan Berry / The Herald)
SonShine preschool in Monroe to close at the end of the year

The preschool, operated by First Baptist Church, served kids for 25 years. School leadership did not explain the reason behind the closure.

Providence Hospital in Everett at sunset Monday night on December 11, 2017. Officials Providence St. Joseph Health Ascension Health reportedly are discussing a merger that would create a chain of hospitals, including Providence Regional Medical Center Everett, plus clinics and medical care centers in 26 states spanning both coasts. (Kevin Clark / The Daily Herald)
Following lawsuit, Providence commits to improved care for Deaf patients

Three patients from Snohomish County sued Providence in 2022 for alleged Americans with Disabilities Act violations.

Cars drive through snow along I-5 in Snohomish County, Washington on Thursday, Jan. 11, 2024.  (Annie Barker / The Herald)
In March, 7 p.m. sunsets are back for Western Washington

Washingtonians will finally start seeing more sun starting March 10. But a little more winter could be on the way first.

One of the parking lots at Stevens Pass Thursday afternoon on December 30, 2021.  (Kevin Clark / The Herald)
Stevens Pass to charge $20 for parking reservations on busy days

Two-thirds of spaces will remain free for early arrivers on weekends. Cars with four or more occupants can also park free.

Days after shootout with Lynnwood police, suspect checks into hospital

Police learned the 18-year-old was in a hospital in Portland, Oregon. His alleged role in the shooting remained unclear.

Snohomish County pharmacy tech accused of stealing 2,500 opioid pills

Rachel Langdon stole oxycodone while working at a Snohomish County pharmacy, according to state Department of Health allegations.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.