Here’s a look at the Island County Real Estate Market for October 2018. According to statistics released by the Northwest Multiple Listing Service, the number of new listings added to the market slowed last month. Let’s take a closer look at the Island County market trends.
A Look at Housing Stats
Island County ended the month of September with a total of 153 single-family residential and condominium homes sold. This number shows a decrease from last month’s 184 homes sold and the 176 homes sold this same month last year. Of those sales from September, 5 were condominium sales and 8 were new construction.
The median sale price of residential homes for this area is $362,750 which is down from the $371,000 we saw last month. We are seeing a slight decrease from the $370,000 that was recorded this same time last year. The median sale price of condominiums for Island County is $274,000. Condos are also showing a drop from the $215,000 recorded last year.
What Does this Data Mean?
We began the month of October with a total of 410 active single-family and condominium homes available in Island County. This number is down from the 449 active listings recorded this same month in 2017 and shows an increase from the 399 last month. Of these active listings, 15 are condominium homes, which shows an improvement over the 20 recorded in September of 2017.
What does this mean if you’re buying a house in Island County?
There were 165 new listings added to the Island County real estate market in September. This number is down from the 179 that was listed in September of 2017, and it also shows a drop from the 239 new listings last month. There were 10 new condominium listings this month compared to the 11 listed this time last year. Want to make sure you have an advantage over your competition when it comes to buying a new home? Sign up for a free account that allows you to set specific criteria for property searches in the Island County area. You’ll receive an update by email whenever new listings hit the market. Save yourself valuable time and get an edge in the home buying race.
What does this mean if you’re selling a house in Island County?
There were 159 pending sales this month compared to the 195 pending sales this same time in 2017. We see a decrease from the 214 pending sales last month. The average days on the market for sold homes in Island County for the month of September was 41 days. This number is showing a decrease from the 52 days recorded this time last year. Wondering what causes a home to sell quickly or sit on the market without a nibble? Consider the importance of pricing your home correctly when you decide to place it on the market. Setting it too high or too low can cause delays and create a loss on your investment. Get an idea of what your home is worth before you set the asking price by using our free home valuation calculator.
Island County Homes for Sale
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
See Additional Reports on the Island County Real Estate Market.
Here are the most recent home listings just added to the database in the median sale price range for Island County. All homes here are priced at $362,750 or less.
