Anacortes Real Estate Market Update 10/31/08
by Jean Groesbeck ~ November 1st, 2008. Filed under: Anacortes Market Stats.
The Anacortes American ran an article on the front page this week which had a quote about house prices “plummeting”. There is no doubt that the Anacortes Real Estate Market is soft, but “plummeting” is not the term that I would use. There are still a lot of Anacortes Homes being bought and sold. Here are the hard facts about the Anacortes Real Estate market.
Ø Yes, the market in Anacortes is soft and year to date we have only had 207 transactions this YTD (year-to-date) vs. 280 last year which is 26% less transactions.
Ø The lowest price of Anacortes homes sold YTD is $150,000 compared with only $81,000 LY (last year) 85% higher than last year
Ø The median price of Anacortes homes sold YTD 2008 vs. 2007 is $370,000 vs. $375,500 a drop of 1.5% vs. last year.
Ø The average price per square foot of Anacortes homes sold YTD 2008 vs. 2007 $201.29 vs. $214.12. Part of this is influenced by the fact that we have fewer new homes sold as builders have pulled back. Obviously pre-owned homes sell for less/square foot than the identical product that is new.
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Anacortes Real Estate Market |
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YTD Thru 10-31 |
2008 |
2007 |
%LY |
# Transactions |
207 |
280 |
73.9% |
Lowest Sale |
$150,000 |
$81,000 |
185.2% |
Highest Sale |
$1,800,000 |
$1,560,000 |
115.4% |
Median Price |
$370,000 |
$375,500 |
98.5% |
Average Price |
$419,314 |
$439,376 |
95.4% |
% List Price |
95.3 |
95.63 |
99.7% |
Avg. SF |
2089 |
2052 |
101.8% |
Avg. $/SF |
$201.29 |
$214.12 |
94.0% |
DOM |
163 |
105 |
155.2% |
©Jean Groesbeck 2008 All Right Reserved
Please look for more posts on www.AnacortesRealEstateBlog.comon statistics by price range, and also for information on La Conner Real Estate and Guemes Island Real Estate.
All posts on this blog may be time sensitive. The above information has been compiled from the NWMLS. If you would like more information on the value of your home, please click here or call any one of the agents listed below. If you would like help searching for a home in La Conner or Anacortes, please email or call. We can also help find a lender with a loan that is right for you!
Jean Groesbeck (360) 941-3734
Linda Harris (360) 202-8888
©Jean Groesbeck 2008 Information on sales compiled from MLS