This time last year, there was a flurry of Real Estate activity in the first time home buyer market as buyers scrambled to cash in on the $ 8,000 tax credit that expired on April 30, 2010. Comparisons of April 2011 sales to April 2010 sales in Snohomish County single family homes can easily make the statistics look negative. Recaps of those numbers from the Northwest Multiple List Service illustrate this fact:
With no federal tax incentive, April 2011 sales are 15% of the homes on the market in Snohomish County. Inventory is down 15% from a year ago, and while market time is averaging over 90 days, these statistics show that inventory remains low and sales are occurring at a higher rate than in the past 3 years.
The national real estate news is frequently negative. It is important to remember that all real estate is local. While the market may not be what is was in 2006, homes in good condition in desirable areas and priced well, do sell.
Cheri Neil is a Real Estate Broker / Agent with Windermere Real Estate GH LLC in Edmonds.
She is part of the Cheri Neil and Tom Crowe sister-brother team with over 18 years of real estate experience.
The Wheaton Park District Board of Commissioners agreed Monday to make offer on the old Hubble school property. The board also approved a letter of intent with Bradford Real Estate that would allow for a Mariano's Fresh Market grocery store to open on the corner of Roosevelt and Naperville roads, while preserving the remainder of the site, including the site's gyms and playing fields.
The agreement could be implemented immediately upon District 200's accepting the offer, according to a press release from the park district, and would build on the park district's multi-use vision for the property. The plan includes: keeping the three gyms and green space for recreational use; sensible development to add to the tax rolls; and the creation of a gateway leading visitors into the historic downtown.