Home BuyingIsland Living February 12, 2019

Market Trends in Anacortes

If you’re shopping for property in Anacortes, it’s really helpful to know whether you’re dealing with a “Buyers Market” or a “Sellers Market”.  The way this is determined is by looking at the number of sales during a specific period, relative to the number of listings and seeing how many months of inventory there is on the market. As you can imagine….this differs by price range, so you’ll want to look at the statistics for your particular range. If there’s less than six months of inventory, it’s a “Sellers Market” and over six months is a “Buyers Market”. Knowing this information will help you in preparing your offer and negotiating your purchase. Having an agent who can help you gather this information is invaluable….especially in the type of markets we’ve been seeing the past two years.

Here is a graph showing the market for homes in Anacortes that are less than $500,000. If you contact me, I can narrow this down to show you the statistics for your particular search perimeters….right down to number of bedrooms, baths and square footage. Please do not hesitate to call…I’m here to help you!