2011 mid-year review indicates continuing double digit gains in home sales.  Overall May was a turn-around month for Bothell.  May 2011 pending sales were up 14% over May 2010 and June 2011 was up 35% over June 2010.  The good news is: activity is up and falling prices are slowing, even rising in some areas.

Bothell has 616 active listings for sale.  In July there were 130 homes sold, 103 single family residences and 27 condominium homes.  Average market time was 84 days for a seller to receive an acceptable offer.  The median price of homes currently for sale is $349,950 for SFR and $165,000 for condos.  The median price of homes sold in July was $330,000 for SFR and $210,000 for condos.  Sale prices were an average of 95% of the asking price.

There is a definite shift in the market.  Market forces of low supply and high demand are changing buyer and seller attitudes in many neighborhoods.  This is good news for sellers and should be sending a warning to buyers sitting on the fence.  The encouraging news is there is momentum building without the government support we have had in the past.  Well priced homes are selling fast and we are seeing multiple offers again, something we haven’t seen a years.

From the beginning Bothell has been a riverfront community of strong, hard-working people.  It is spread over north King and south Snohomish counties.  It consists of many unique neighborhoods from downtown to popular Canyon Park to Norway Hill and others.  Bothell is located in the midst of SR 522, Hwy 9, I 405 and I 5 making it a commuters dream.