Everett Real Estate Market Update: November 2018
Happy November, friends.
Every month we like to take a look at how the Everett real estate market is trending.* Brought to you by our friends at Lamoureux Real Estate.
Let’s kick things off with last month’s numbers, October 2018:
Okay, now for comparison, let’s look at the month before that, September 2018:
From September 2018 to October 2018:
The number of homes sold went from 193 down to 175, about a 10% decrease in overall sales.
The average days on the market went from 21 days up to 26 days, meaning homes sold about 20% slower in October.
The average sales price hardly changed at all, going from $401k up to $402k.
For broader comparison, let’s take a look at this time last year, October 2017:
As always, here’s where we see a bigger difference. Comparing October 2017 to October 2018:
The number of homes sold went from 247 last year down to 175 this year, a decrease of about 30%.
Average days on the market went from 24 days last year up to an average of 26 days this year, showing just a slight slow down in market time.
The average price went from $365k last year up to $402k this year, meaning prices are still up about 10% right now comparing month over month.
The Everett market is quickly shifting from a strong seller’s market to becoming more balanced as demand diminishes and rapid price increases from sellers have turned into price decreases.
How do you feel about this shifting market? Comment below, and if you have any questions or need a real estate professional make sure you contact one of our preferred partners below.
EVERETT REAL ESTATE PROS:
Mortgage Loans
Our preferred lender, Michelle Bruto Da Costa.
Realtor
Reach out to our friends at Lamoureux Real Estate.
Rental
Check out our Everett Rental Guide.
*Stats provided by the Northwest Multiple Listing Service. Numbers reflect single family homes and condos.
Garret is the Co-founder + CEO of Live in Everett. He’s also a Realtor with Lamoureux Real Estate.
Guest post by Everett Farmers Market Manager Karen Erickson: Look past the produce tables and you’ll find Chuckanut Beef, Sea to Shore Seafood Co., and Salt Blade salami — three vendors with stories worth bringing home for supper.
Guest post by Everett Comedy founder and host Cory Michaelis: how a monthly indie show at the newly renovated New Everett Theater became the only regular stop for nationally touring headliners in Snohomish County.
Guest post by Everett Farmers Market Manager Karen Erickson: September brings a changing harvest to the market — meet the farms behind it, and take home some tomatoes while you’re at it.
Two Sundays of live jazz at Bluewater, 5 to 7 p.m. with no cover: the Greg Williamson Trio on Nov. 1 and the Milo Petersen Trio on Nov. 15.
A monthly book swap, mobile bookstore and pop-up flash tattoo station at Scuttlebutt’s Cedar Street brewery. Nov. 13, 4 to 9 p.m.
The ISU Grand Prix returns to Everett for the first time since 2018, with Ilia Malinin and Jason Brown among the skaters, Nov. 13 through 15.
A two-day metalsmithing workshop with Tamara Kelly, making a spinning meditation ring. Nov. 14 and 15, 10 a.m. to 4 p.m., $225, ages 18 and up.
A one-afternoon workshop in mother-of-pearl inlay with instructor Jenny Wang. 2 to 4 p.m. Nov. 14, $125, ages 8 and up.
Three Saturday evenings of figure drawing from a live model with Nick Colella. Nov. 14, 21 and 28, 6 to 9 p.m., $265, ages 18 and up.
Home bartending tips and spirits tastings with owner John Lundin, 6 p.m. Nov. 18. $25, limited seats, 21 and over.
Division I men’s college basketball comes to Everett for the first time as WSU takes on Hawaii at Angel of the Winds Arena, 7 p.m. Nov. 18.
Schack’s annual juried show of glass, ceramics, wood, jewelry and handmade gifts, alongside Women Painters of Washington. Nov. 19 through Jan. 2.
Handmade gifts and goodies from local vendors at PUD headquarters, 8 a.m. to 2 p.m. Nov. 20, with proceeds supporting low-income seniors’ electric bills.
The Habit’s sold-out Die Hard parody returns to the Everett Performing Arts Center for two weekends, Nov. 21 through 29.
The Music Circle’s student bands play 2000s rock radio hits at APEX, with ticket sales supporting the school’s scholarship program.
Forty-five minutes of mat Pilates with Alexi McKinley, then a champagne cocktail and brunch. 10 a.m. Nov. 28, $50, limited seats.
The Everett Philharmonic’s annual family concert, with Music Director Bobby Collins conducting at the Everett Civic Auditorium on Thanksgiving weekend.
Two days of holiday shopping at Schack: Friday, Dec. 4, 4 to 7 p.m. and Saturday, Dec. 5, 10 a.m. to 4 p.m.
Guest post by Karen Erickson: Seven etiquette tips for your first open mic, plus seven Everett spots where you can take a turn at the microphone — or just pull up a chair and listen.