A few weeks ago I was enjoying a weekend afternoon with friends. I got to talk with some folks looking to buy a home in the area. As is often the case right now, they were frustrated with their agent. They had narrowly missed the cut on several homes, and they kept hearing about multiple offers and such. They weren’t convinced their agent was completely leveling with them. I was glad to let them know that, actually, their agent was spot on. Most well priced homes will get >1 offers. My record in 2016 has been 14.
Anyway, I took some time this evening to dive into Bothell’s current real estate market trends. So, the basics.
- The median house price in May was $541,788.
- 139 new homes came on the market, while 160 sold. Yes, more sold than came on the market. Quite the burn rate!
- Layered with the above, Bothell has .9 months on inventory. If no new him need came on, we’d sell everything currently on the market within 27 days
- The average days on market was 20.7 days! That speed is shocking
It’s helpful to remember that the city is in two counties: King and Snohomish. Which plays a piece in pricing. While the median price for the whole city of $541,788, the median in Snohomish county Bothell was only $524,950, yet the King county side was $650,000. As the adage good, “location, location, location!”
Bothell, in many ways, is the northern most frontier of the Eastside. Snohomish county is where that ends, as we see with the price delta. It’s a very neat community, though. Northshore schools are some of the best. Bothell is close to Lynnwood’s Alderwood Mall, and the niceties of Bellevue, etc. Pretty close to I-5, thus had solid access to Seattle. There are lovely parks, bike trails, and so much more.
Take a look at what’s available in Bothell and let me know what you like. Think of me and my team for all your real estate needs
