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Market trend in regions (Bothell, WA, Lynnwood WA and the North End)

Market trends of Bothell, WA

It’s important to know the market trends in Lynnwood, Bothell and the North end when you consider selling your home. You must know the current data for your neighborhood.

Key price movement can be understood by market trends. In the price of medium sales, the market trends in Bothell illustrate a rise of 5% from 2008 to 2015 and they show a drop of -2 percent in medium rent every month. From 7 January 2008 to 6 April 2015 the medium price for 235 homes in Bothell was $415,000. The average square foot price was $244 which is a 14 percent increase from 2007.

Bothell is a great place for families since it has 21 of the best schools in the region. Additionally, authorities keep citizens aware of crimes in the area so residents can take precautions. People in Bothell mostly travel by car. However, there are other travel options available such as by bus.  Light rail will be coming as well in the near future.

2015/07

2015/08

2015/09

2015/10

2015/11

2015/12

Price Increase

8

25

0

0

0

0

Price Reductions

31

127

0

0

0

0

New Listings

162

265

120

124

108

80

Sold/Expired

126

232

83

911

1

23411

Market trend of Lynnwood WA

     2015-07

2015-08

2015-09

2015-10

2015-11

2015-12

Increased price

             3

9

1

0

0

0

Reductions

In price

             16

70

0

0

0

0

Fresh Listings

             93

149

73

58

64

62

Expired-Sold

             110

165

75

691

4

20831

In Lynnwood, the median home cost is $376,000. Home costs in Lynnwood have risen as high as 10.9% from 2008 to 2015 and within the next year home pricing is predicted to rise as much as 6.6 percent.

Lynnwood, WA is a good market value because it not only has great elementary schools and middle schools but it also has some of the best high schools, private and charter schools as well.

Market trend in the North End

For medium home sales the market trend in the North End shows a rise of $37,000 as of September 10 2015 which is a thirty-one percent increase. Furthermore, the ‘per square foot’ average price for 2015 increased from $94 to $116.

Overall there is a low crime rate in the North End. The more you familiarize yourself with crime trends in the north end, the better you are able to determine what areas you might want to live.

There are many schools in the North End which are conveniently located. If you decide to buy a house in the north end. Try studying the demographics for the area: the median ages of individuals, the number of people that are married, whether they attended college and have a degree etc. It will help you determine which area or neighborhood to buy in.

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Tom

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