Monday, June 7, 2010

Snohomish County Average Sales Prices May 2010

Snohomish County average sales prices for May 2010 continue to show market stabilization. Average home price sales have been hovering around $310,000 for the last six months.

Distressed property sales represented 23% of the sales for May. For May there were 713 residential property sales of which 171 were distressed properties.

Bank owned properties sold for an average price of $241,757.
Short sale properties sold for an average price of $292,855.

There are many more homes in the lower price ranges that are distressed properties which is reflected in their average sales prices.

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