Home Sales Statistics for Thrashers Corner

It has been a long time coming, but I finally had some time to dig through all the sales numbers for home sales in the Thrashser's Corner area of Bothell, WA. A lot has been happening during the past 6 months since I last posted information on this blog. When the tax credit deadline came up in the fall, sales spiked, but now they have ground to a crawl even though the tax credit was enhanced and extended to the end of April 2010.

So here we go with all of the last 6 months stats in one post.

September of 2009 was a good sales month with 16 sales, but the average price was only $323k. That compares to 8 sales at $380k in 2008.

October of 2009 was also pretty good. There were 13 sales with an average price of $384k. That compared to 2008 with 4 sales with an average of $589k. When there are so few sales just a couple of expensive ones skew the averages.

November of 2009 kept up the pace with 12 sales at an average of $310k compared to 2008 with 5 sales at $417k. You will notice that even though the number of sales are continuing to be way up over 2008, the prices are way down. This is generally because of all of the 'short sales' and bank owned properties on the market at discount prices.

December ended 2009 with 10 sales at $351k compared to 4 sales at $425k in 2008.

All of 2009 ended up with 124 sales averaging $378k. It took an average of 161 days to sell a home in 2009.
All of 2008 had 113 sales, but at an average price of $452k with 190 days on the market. When you go back to 2007 though you really see how far down we have fallen. There were 168 sales at $482k in 2007.

January and February 2010 sales have fallen off a cliff. January only had 2 and February had 6 with an average of $353k and $367k compared to $429k and $578k in 2009.

So we have dropped about 1% per month for the last 2 years. Have we hit bottom? Possibly. There have been a few price increases in last few months but with the recent slowdown in sales there will not be much demand to push prices up. Until the jobs numbers get better and people's confidence in the economy grows it will be a slow climb out of the pit.
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