• Skagit home sales price rises 7.9% for year, 68% for decade

    January 06, 2020
    The median sales price of a Skagit County home rose 7.9% to $374,500 in 2019, according to Shelah Inman of Brown McMillen Real Estate. Inman prepared a year-end report based on data from the Northwest Washington Multiple Listing Service.
     
    “While not the double-digit gains of 11.3% in 2018 and 11.1% in 2017, we still had strong demand for Skagit County homes in 2019,” Inman said.
     
    The changes are even more dramatic when looking at the housing market for the entire decade, Inman added. The Skagit County median home sales price has increased 68.9% since 2010, when the area was in the midst of the Great Recession.
     
    The Anacortes market continued to have the highest median sales price in 2019, $483,300, although that was 3.3% lower than 2018.
     
    The number of Skagit County homes sold in 2019 rose 0.8% to 1,946, led by Mount Vernon with 749 sales. The unit sales are up 89.9% since 2010, Inman said, evidence of a much stronger demand for housing in the county.
     
    “I see the new decade returning to more moderate levels of price appreciation, about 4% annually in Skagit County,” Inman said. “We still have positive migration into our communities. However, any significant rise in mortgage rates, currently around 3.5%-4.5%, would keep prices in check.”
     
    The median sales price, average sales price, number of units sold and average days on the market (DOM) before a sale for the county and individual communities for all of 2019, with percentage comparisons to all of 2018, follow.
     
    Skagit County – Median price, $374,500, up 7.9%; average price, $419,153, up 5.8%; units sold, 1,946, up 0.8%; DOM, 52, up 8.3%.
    Anacortes – Median price, $483,300, down 3.3%; average price, $558,814, down 0.8%; units sold, 405, up 2.5%; DOM, 69, up 40.8%.
    Burlington – Median price, $375,000, up 7.1%; average price, $411,969, up 3.6%; units sold, 274, up 2.2%; DOM, 49, up 4.3%.
    La Conner – Median price, $369,900, down 3.2%; average price, $400,617, down 5.4%; units sold, 85, up 7.6%; DOM, 53, down 50.5%.
    Mount Vernon – Median price, $370,000, up 8.8%; average price, $404,150, up 10.8%; units sold, 749, up 6.7%; DOM, 45, up 18.4%.
    Sedro-Woolley – Median price, $314,000, up 7.7%; average price, $338,494, up 7.2%; units sold, 276, down 8.6%; DOM, 37, down 17.8%.
     
    Contact:
    Shelah Inman, Broker
    (360) 757-6013
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