Bothell Real Estate Recap – Feb. 2007

Please see the Bothell Housing Market category for the most recent info on the local real estate market.

Here’s a recap of what happened in the Bothell, Washington real estate market during February 2007. The area this information pertains to is shown on the map to the left as area 610, provided courtesy of the NWMLS. Though slightly cut-off, this area’s southwestern border is Hwy 522 (east to west) and 68^th Ave NE in Kenmore (north to south). Click the map to enlarge.

Resale single-family and condominium homes: (“Resale” means not newly built.)

• A total of 226 homes were newly listed/put up for sale last month - 39 of these were condos. This brought the total number of resale homes available in February to 685.
• 129 of these homes sold - 29 were condos.

► The median selling price* of resale single-family homes was $462,636 in February, a drop of 1.9% (about $9,000) from January’s $471,708 median price.

► The median selling price* of resale condos was $211,000 in February, a drop of 18.8% (about $49,000) from January’s $260,000 median price.

* “Median” means half the total homes sold for more than this amount and half the homes sold for less than this amount.

• Resale single-family homes sold in February were on the market an average of 84 days – 32 days longer than a year before.
• Year-to-date, resale single-family home sales are 4.2% less than in February 2006.
• Resale condos sold in February were on the market an average of 49 days – 14 days longer than a year before.
• Year-to-date, resale condo sales are 108% greater than in February 2006.

New single-family and condominium homes: 

• A total of 87 new homes were put up for sale last month - 5 of these were condos. This brought the total number of new homes for sale in February to 383.
• 73 of these homes sold – 5 were condos.

► The median selling price of new single-family homes was $527,475 in February, a drop of 1.1% (about $6,000) from January’s $533,458 median price.

► The median selling price of new condos was $333,995 in February, an increase of 21.3% (about $41,000) from January’s $275,350 median price.

• New single-family homes sold in February were on the market an average of 115 days – 33 days longer than a year before.
• Year-to-date, new single-family home sales are 8.9% greater than in February 2006.
• New condos sold in February were on the market an average of 287 days – 225 days longer than a year before.
• Year-to-date, 7 new condos have been sold in the Bothell area. 2 new condos had sold by the same time last year.

Could this data be presented in a way that’s more visually appealing and/or understandable? Do you have questions on the data presented? Please let me know by leaving a response below. If you’re outside the Bothell market area, I’m happy to provide the same data for your specific neighborhood. Send an e-mail to jay (dot) matthews (at) century21 (dot) com, or leave a reply here. 

This data was taken from reports published by the NWMLS in March 2007.