| HeraldNet - Snohomish County's online news source |
 TUESDAY, FEBRUARY 9, 2010 12:09 pm |
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Business 
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Snohomish County home sales stronger in July Home sales in Snohomish County appeared to improve in July as sales and prices were both stronger than they were in June, according to numbers from the Northwest Multiple Listing Service.The combined median price for condominiums and single-family homes in July was $332,500, or $3,000 more than what homes sold for in June. That $332,500 figure was 4.52 percent less than prices were a year ago. In June, the median price had fallen 7.2 percent from the year-ago figures. Median means that half the homes cost more and half cost less. July sales in the county amounted to 719 homes, or 20 fewer than the amount sold in June. But June sales amounted to a 47 percent drop from the previous year, while the July number was a 43 percent from a year ago because sales are typically stronger in June than in July. Inventories for both months were similar, with more than 7,000 homes on the market. The numbers were lower than real estate agents had hoped. But the single-digit changes in home values remain lower than in most areas of the country. "Considering the market adjustment because of the subprime mess, we're doing better than expected," said Dick Beeson, owner of Windermere/Commencement Associates in Tacoma. J. Lennox Scott, chairman of John L. Scott Real Estate, said President Bush's recent signing of the Housing and Economic Recovery Act is just one more reason to buy a house. The legislation should help people prevent foreclosure and to help homes appreciate and stabilize the housing market. Scott Jarvis, director of the state Department of Financial Institutions, said now is a good time to buy a home because long-term mortgage rates are attractive, prices in Washington are relatively stable and there are good financing options "for people with reasonably good credit." |
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- A tidy lawn could be law in Lynnwood
- Snohomish County's bargain housing won't last
- Boeing's 747-8 takes off after weather delay
- Plan for I-5 closures this week
- A new bowling alley for Monroe?
- Lake Stevens man homeless after fire
- I-5 bridge joint may give you a jolt, but it isn't damaged
- A tidy lawn could be law in Lynnwood
(10) - Vote on school levies by Tuesday (9)
- Everett police officers cleared in 2008 shooting death (5)
- 1949 travel aid shows how few places blacks were welcome in Washington (4)
- Everett rethinks boutique wineries (4)
- Three politicians who want Gregoire's job in 2012 (3)
- Toyota has powerful D.C. friends (3)
- Snohomish County's bargain housing won't last (3)
- Life story: Man fought depression courageously, family says (3)
- I-5 bridge joint may give you a jolt, but it isn't damaged (3)
- Edmonds educator, famous announcer dies
- Mill Creek to appeal ruling on annexation
- Through the air, with the greatest of ease
- E-W thriving under new coach
- The path to citizenship
- EUUC puts on ‘Pants & Shoes’
- Wolfpack wins the ‘Battle'
- Lynnwood’s annexation plans OK’d
- Arlington's Cascade Valley Hospital celebrates expansion, national award and 100 years of service
- Business Licences Feb. 2010
- Technology tips for launching your own business
- Business Events Feb. 2010
- Tech Talk: No excuse today for going without a Web site
- State already raising fees and rates that restrict business growth
- Some legislators again targeting people’s initiative petition rights
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