Here’s a look at the Island County Real Estate Market for September 2018. According to statistics released by the Northwest Multiple Listing Service, the median sale price of single-family homes and condominiums increased when compared to this same time last year. Let’s take a closer look at the Island County market trends.
A Look at Housing Stats
Island County ended the month of August with a total of 184 single-family residential and condominium homes sold. This number shows a decrease from last month’s 205 homes sold and the 200 homes sold this same month last year. Of those sales from August, 15 were condominium sales and 4 were new construction.
The median sale price of residential homes for this area is $371,000 which is down from the $385,000 we saw last month. We are seeing an increase from the $349,500 that was recorded this same time last year. The median sale price of condominiums for Island County is $223,500. Condos are also showing a drop from the $189,750 recorded last year.
What Does this Data Mean?
We began the month of September with a total of 399 active single-family and condominium homes available in Island County. This number is down from the 480 active listings recorded this same month in 2017 and shows a slight increase from the 368 last month. Of these active listings, 15 are condominium homes, which shows an improvement over the 19 recorded in August of 2017.
What does this mean if you’re buying a house in Island County?
There were 239 new listings added to the Island County real estate market in August. This number is down from the 243 that was listed in August of 2017, but the number of new listings increased from the 222 from 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 214 pending sales this month compared to the 236 pending sales this same time in 2017. We see a slight decrease from the 218 pending sales last month. The average days on the market for sold homes in Island County for the month of August was 38 days. This number is showing an impressive increase from the 50 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 $371,000 or less.
