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.

Skagit County Housing Market, WCRER 2010 Fourth Quarter

According to the Washington Center for Real Estate Research 2010 Fourth Quarter Housing Analysis; Skagit County home re-sales ( # of units sold) were up 13.1% from the previous quarter, and down -18.3% from the fourth quarter in 2009. Statewide home re-sales ( # of units sold) were up 17.7% from the previous quarter and down -21.5% from the fourth quarter in 2009. Overall building permits in Skagit County were down -36.2% from the fourth quarter of the previous year, in comparison to the 16.4% increase statewide. The median re-sale home price in Skagit County was $228,300 (up 2.4% from the fourth quarter in 2009), below the statewide median of $239,000 (down -2.0% from the fourth quarter of 2009). The 2010 Fourth Quarter Housing Affordability Index (HAI) was 139.4 for Skagit County, lower than the statewide index of 149.3.

For more info: http://www.wcrer.wsu.edu/WSHM/WSHM.html

WCRER Housing Analysis/ 2008 4th Quarter/ Skagit County WA

According to the Washington Center for Real Estate Research 2008 Fourth Quarter Housing Analysis; Skagit County home re-sales were down -24.2% from the previous quarter, and down -46.8% from the fourth quarter in 2007. Statewide home re-sales were down -15.8% from the previous quarter and down -29.1% from the fourth quarter in 2007. Overall building permits in Skagit County are down -60.6% from the fourth quarter of the previous year, in comparison to the -53.4% reduction statewide. The median re-sale home price in Skagit County is down to $263,700, (down -2.0% from the fourth quarter in 2007), below the statewide median of $266,700 (down -9.3% from the fourth quarter in 2007). The 2008 fourth quarter Housing Affordability Index (HAI) was 96.9 for Skagit County, slightly lower than the statewide index of 107.5

Skagt County WA/ WCRER 2008 2nd Quarter Housing Analysis

Here is some helpful and interesting housing data for Skagit County WA


According to the Washington Center for Real Estate Research 2008 Second Quarter Housing Analysis; Skagit County home re-sales were down - 8.3% from the previous quarter, and down -33.5% from the second quarter in 2007. Statewide home re-sales were down -8.5% from the previous quarter and down -31.7% from the second quarter in 2007. Overall building permits in Skagit County are down -29.5% from the second quarter of the previous year, in comparison to the -29.7% reduction statewide. The median re-sale home price in Skagit County is $269,500, below the statewide average of $291,900. The 2008 second quarter Housing Affordability Index (HAI) was 93.5 for Skagit County, slightly lower than the statewide index of 95.5.


See all WA Counties: http://www.wcrer.wsu.edu/WSHM/2008Q2/Snapshot_2008Q2.pdf

City of Mount Vernon's Historic Downtown & Waterfront Redevelopment plan
The City of Mount Vernon WA has started a redevelopment plan for its historic downtown & riverfront area. One of the main goals of this re-development plan is to provide the city's downtown area with 100 year flood protection. Flooding probability has been a big barrier to the investment and business sector in the downtown area in the past. Here is the the latest power point presentation outlining the master plan:

http://www.ci.mount-vernon.wa.us/imageuploads/Media-2110.pdf

For the webpage on City of Mount Vernon's Historic Downtown & Waterfront Redevelopment plan go to:

http://www.ci.mount-vernon.wa.us/page.asp_Q_navigationid_E_652

Bennett Appraisals provides residential appraisal services to the following areas: Bellingham, Birch Bay, Blaine, Custer, Ferndale, Fairhaven, Geneva, Silver Beach, Sudden Valley, Sumas, Acme, Anacortes, Alger, Arlington, Bow, Burlington, Cain Lakes, Conway, Concrete, Darrington, Deming, Edison, Emerald Lakes, Edmonds, Everett, Everson, Glacier, Granite Falls, Hamilton, Kendall, Laurence, La Conner, Lake Stevens, Lynden, Lyman, Lynnwood, Maple Falls, Marblemount, Marysville, McMurray, Monroe, Mount Baker, Mount Vernon, Mulkilteo, Rockport, Samish Island, Sedro Woolley, Snohomish, Stanwood,Van Zandt, and all of Whatcom, Skagit & Snohomish Counties. * Time permitted we also serve Point Roberts