We had another strong month in November for housing sales in Skagit County. Real Estate is still booming, with severe shortages of listings in the $250,000 to $350,000 price range.
“The pool of buyers exceeds the number of listings on the market. This leads to homes being snapped up quickly when they come on the market, especially in what is referred to as the affordable price ranges, where we have first-time home buyers looking to purchase, as well as people downsizing.” says Guy Davidson, owner and designated broker of John L Scott Anacortes. In Anacortes specifically, these price ranges trend higher than Skagit County as a whole where the market for homes priced anywhere under $500,000 are selling quickly. With interest rates remaining low, buyers have strong purchasing power in today’s real estate market.
Many people have heard that trying to sell their home in winter is a poor idea, particularly over the holiday, but given the market’s current lack of inventory, the buyers currently looking for a home are both serious and anxious so an appropriately priced home should sell quickly. Once the holidays are over, more homes start coming on the market so competition in all price ranges increases.
Want a more in-depth conversation about the Anacortes real estate market? Let’s chat! Contact us to learn more and have an analysis done of your home.