Skagit County WCRER 2011 First Quarter Housing Analysis

According to the Washington Center for Real Estate Research 2011 First Quarter Housing Analysis; Skagit County home re-sales ( # of units sold) were up 19.7% from the previous quarter, and up 14.3% from the first quarter in 2010. Statewide home re-sales ( # of units sold) were up 6.5% from the previous quarter and down -4.6% from the first quarter in 2010. Overall building permits in Skagit County were down -30.9% from the first quarter of the previous year, in comparison to the 23.2% decrease statewide. The median re-sale home price in Skagit County was $204,700 (Down 7.0% from the first quarter in 2010), below the statewide median of $228,200 (down -7.2% from the first quarter of 2010). The 2011 First Quarter Housing Affordability Index (HAI) was 151.4 for Skagit County, slightly lower than the statewide index of 152.0.