The Current Market For Homes For Sale Everett
Posted: Monday, January 11, 2010
by Jim Johnson
Metropolitan Mortgage
A review of the market numbers from December 2008 compared to 2009.
These numbers are straight from the North West Multiple Listing
Service for Washington State. They report the market conditions for
homes for sale Everett in December 2009. These numbers are compared to
2008 which was a complete disaster. So if they are down that is from a
terrible year. If they are up take it with a grain of salt because the
numbers were so bad in 2008.
2) In new construction we see the biggest declines. New construction listings fell by 1032 or 26.6%. The average price fell by $48,070 or 9.9%. Reflecting the builders dumping inventory the average time on market fell by 20 days to 148 days. That by the way is 5 months to sell a new home.
3) Condominiums reflect the same type of declines.
4) Homes for sale Everett at the lower end of the price spectrum did very well as the First Time Home Buyer Credit helped to move these low end homes quickly. I have noticed a major slow down in sales and pending sales because the credit was extended to the end of April 2010. We will see that pick up some as we get nearer to that date.
5) Active listings for December 2009 were 4436 and that was down 17.5% from last year. The average price was down $59,213 or 13.8%. The average time on market was about the same at 130 days to sell.
6) One of the very few bright spots was the fact that YTD closed sales were up to 6644 from 6291 last December or an increase of 5.6%. The average closed sale YTD was $313,849 down 9.9% from $348,269.
All in all if I hear anymore from the MSM (main stream media) that we are recovering I think I'll puke. Because of the bias of the MSM these numbers get glossed over or not reported at all. As far as 2009 and homes for sale Everett the ONLY thing I can say is I am glad 2009 is over.
Jim Johnson and comments are always welcome
Everett-mortgage-on-line
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