Everett Real Estate Market Update: May 2018
Happy May!
Each month, we like to take a gander at how the Everett real estate market is doing*. Let's kick things off with last month, April 2018:
That's right, folks. The average sales price in April was $400k. That's the first time we've seen the average sales price in Everett break the $400k threshold as prices have continued to climb in recent years. Let's look at the prior month, March 2018:
April's $400k average price wasn't actually much a jump from March's $395k. The more noticeable jump was the average number of days on market from March to April. In April homes sold nearly twice as fast.
For a broader comparison, let's take a look at this time last year, April 2017:
As always, here's where we see the bigger changes. Comparing April from 2017 to 2018:
- Prices increased an average of $40k, or 11.1%.
- Days on market sped up from an average of 22 days on market down to 12.
- The number of Homes sold increased by 50%.
The trend of an increasing Everett real estate market continues. Admittedly we're a pinch nervous about Everett becoming too expensive too quickly. But hey, at least we're still nearly half the price of Seattle.
For Sale: 2418 Baker St.
For more details on 2418 Baker St., click here.
SOME EVERETT REAL ESTATE RESOURCES:
Mortgage Loans
Richard Porter's article on local mortgage company New American Funding.
Local mortgage pro Michelle Bruto Da Costa on the Live in Everett Podcast.
Realtor
Need to find the best local agent for you? We can help with that.
Rental
Check out our Everett Rental Guide.
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.
Garret and Tyler are the owners of Live in Everett and Milltown Creative. When they're not arguing if a gyro should be considered a sandwich or not, they like to film themselves eat lunch.
