Archive for May, 2007|Monthly archive page

Bothell Real Estate Recap, April 2007

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

Bothell, Washington Real Estate Market Area, according to the NWMLSHere’s a recap of what happened in the Bothell, Washington real estate market in April 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 68th 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 357 homes were put up for sale last month – 47 of these were condos. This brought the total number of resale homes available in April to 847.
  • 162 of these homes sold – 25 were condos.

The median selling price* of resale single-family homes was $454,000 in April, down 6% ($29,176) from March’s $483,176 median. The average sale price of these homes was $491,539, down 0.4% from March’s $493,400 average.

The median selling price* of resale condos was $253,450 in April, up 7% ($16,500) from March’s $236,950 median. The average condo sold for $277,391, up 14.8% ($35,667) from March’s $241,724 average.

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

  • Resale single-family homes sold in April were on the market an average of 78 days – 34 days longer than a year before.
  • Year-to-date, resale single-family home sales down 4.9% from the same time last year.
  • Resale condos sold in April were on the market an average of 50 days – 34 days longer than a year before.
  • Year-to-date, resale condo sales are 78.6% greater than last year at this time.

New single-family and condominium homes: 

  • A total of 99 new homes were put up for sale last month – only 1 of these was a condo. This brought the total number of new homes for sale in April to 410.
  • 53 of these homes sold – 3 were condos.

The median selling price of new single-family homes was $507,197 in April, down 4.3% ($22,593) from March’s $529,790 median price. The average sale price of these homes was $568,113, up 5.6% ($30,098) from March’s $538,015 average.

The median selling price of new condos was$276,500 in April. The average price of these homes was $298,813. No new condos were sold in the Bothell Market Area in March.

  • New single-family homes sold in April were on the market an average of 118 days – 60 days longer than a year before.
  • Year-to-date, new single-family home sales are up 2% from the same time last year.
  • New condos sold in April were on the market an average of 24 days. No new condos were sold during April last year.
  • Year-to-date, 10 new condos have been sold in the Bothell Market Area. 4 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 about how to interpret what’s been presented? Please let me know by leaving a response below, giving me a call at (206) 465-3698, and/or sending an e-mail to jay (dot) matthews (at) century21 (dot) com.  I’m also happy to provide the same data for specific neighborhoods outside the Bothell area.  

This data was taken from reports published by the NWMLS.