Published December 2000

Home prices drop by nearly $10,000 after record month

Herald Business Journal Staff

Snohomish County home sales increased in October, but prices dropped significantly as the real estate market prepared for the winter doldrums.

The combined median price of single-family homes and condominiums in the county was $184,950 in October, down nearly $10,000 from the month before. The September median was a record $194,808, according to the Northwest Multiple Listing Service, which collects data from real estate agencies.

Single-family homes alone sold for a median price of $191,000, and condos sold for a median price of $140,000. The median means half the homes sold for more and half sold for less.

While prices slipped, the number of sales and pending sales in October was up both from the previous month and from the comparable month last year.

The average home spent 53 days on the market in October, one day longer than the previous month.

Here’s a quick rundown:

• Arlington, Stanwood and Marysville: There were 168 homes sold in October in an average of 50 days for a median price of $166,500.
• Everett, Mukilteo, Mill Creek: A total of 273 homes sold in an average of 46 days for a median price of $185,000.
• Lake Stevens, Granite Falls, Darrington: Eighty-one homes sold in an average of 70 days for a median price of $170,000.
• Lynnwood, Edmonds, Mountlake Terrace: Homes here sold in an average of 37 days. The median price was $209,950.
• Snohomish, Monroe, Gold Bar: The 105 homes sold spent an average of 68 days on the market and had a median price of $185,950.

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