Here’s a look at the Island County Real Estate Market for November 2018. According to statistics released by the Northwest Multiple Listing Service, the median sale price for homes in this area dropped for the second month in a row. Let’s take a closer look at the Island County market trends.
A Look at Housing Stats
Island County ended the month of October with a total of 139 single-family residential and condominium homes sold, which shows a decrease from last month’s 153 homes sold and the 177 homes sold this same month last year. Of those sales from October, 5 were condominium sales and 11 were new construction.
The median sale price of condominiums for Island County is $216,000. Condos are showing an increase from the $203,000 recorded last year.
What Does this Data Mean?
We began the month of November with a total of 387 active single-family and condominium homes available in Island County. This number is down from the 408 active listings recorded this same month in 2017 and shows a decrease from the 410 last month.
Of these active listings, 17 are condominium homes, which shows an improvement over the 19 recorded in October of 2017. However, there are more active listings right now when year over year comparisons are made.
What does this mean if you’re buying a house in Island County?
There were 154 new listings added to the Island County real estate market in October. This number is down from the 165 that was listed in October of 2017, and it also shows a drop from the 165 new listings last month.
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What does this mean if you’re selling a house in Island County?
There were 157 pending sales this month compared to the 198 pending sales this same time in 2017. We see a decrease from the 159 pending sales last month.
The average days on the market for sold homes in Island County for the month of October was 45 days. This number is showing an improvement from the 54 days recorded this time last year.
Island County Homes for Sale
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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 $336,000 or less.
Island County Condominiums for Sale
Here are the most recent condominium listings just added to the database in the median sale price range for Island County. All condos here are priced at $216,000 or less.