Price and Inventory Trends for all Housing in Bothell
The week of May 17-May 24, 2011 in the sampling area saw an increase of new homes from 135 to 148 available for purchase.
There were 11 pending sales for the week with low-impact-development Clearwater Commons leading the way with 5 pending sales.
Clearwater Creek is a Deep Green Co-Housing Development in North Bothell, their pending sales ranged from $399,950-679,000.
It was a brisk week for closed new construction with 10 closing totaling 22 for the month of May. New home closed sales in the Bothell marked peaked in March with 38 closings, closed new home sales trended downward in April with 24. May’s closed new home sales should surpass April’s total, with 22 already on the books with a week to go.
We could see slightly lower closings for June, based on May’s pending sales, currently 25 new homes are under contract which includes 8 presales. A pending presale is a home that has a purchase and sale contract signed and is just waiting for the house to be completed. These homes are at various stages of completion, and there is a good chance they won’t be ready for a June closing.
Will the wide selection of new homes available and low interest rates be enough to attract more home buyers or will builders need to offer more incentives to get rid of their inventory before the dog days of summer?
For more information about buying or selling Bothell Real Estate contact Adrian Willanger 206 909-7536.
Related posts:
- Spring Home Buying Season in Bothell, Lynnwood and Mill Creek Wa.
- Pending New Home Sales in Bothell out Pace Existing Homes
- Spring Home Buying Season in Bothell, Lynnwood and Mill Creek Wa.
- 3yr. Home Sales Comparison for Bothell, Lynnwood and Mill Creek Wa.
- Bothell Real Estate Contracts – Understanding The Legalities Of Signing A Contract
