Bothell’s real estate market appears to be treading water
By Adrian Willanger, Profit from my two decades of experience
(206 909-7536 AdrianWillanger-broker.com)
Bothell’s real estate market appears to be treading water This Week: The median list price in Bothell this week is $549,970 up from last week’s median list price of $548,495. The Market Action Index (MAI see below chart) has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market. i Average days-on-market: 67 days up from last week’s 66 days. Percent of properties with price decreases: 29% down from last week’s 30% Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a Competitive Market Analysis (CMA) needs to be done comparing your home with current properties that have sold recently in your neighbo...
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