January 8, 2014 | Vol.54 N.2

Lake Stevens Real Estate Report

According to the Northwest Multiple Listing Service (NWMLS), residential sales continue to do well for Lake Stevens with 51 in December 2013. Median values rose slightly from November’s $262,975 to $265,000 for the month of December.

Active residential listings continue to shrink to 132 as of January 2, 2014, down from December’s 151, as the trend shows a decline over the past four months of homes to buy in Lake Stevens.

New construction sales slumped from 15 for the month of November to only 7 for the month of December, 2013. Yet new construction makes up 33 of the 132 active listings, with only four that are completed, twenty-three under construction, and 6 that are presales.

The highest priced home to sell in Lake Stevens out of the 51 homes that sold last month went for $456,562, with 10 others selling for $400,000 or more, nine in the $300,000 range and everything else under that.

Homes that sold in December sold for 99.73 percent of the last list price. What this means is that if your home is not selling at its current price, it must be reduced until you attract an offer that is closer to the point it will sell for.

Everyone seems to be sitting on pins and needles waiting to see how and where Boeing is going to build the 777x plane. While 2013 seemed to be the year of recovery, and values have stopped declining; the outcome with what is happening here, will be the deciding factor on whether values go up or down for our local housing market.

To learn more about the market or real estate in general, please visit www.johnlscott.com/steves.

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