Sold home prices in area dropped in April

The nine homes sold in the La Conner area in April are almost double the five homes sold in March. They sold at a 12% average lower price, $430,000, Northwest MLS Services reported. The month’s sales are almost half of area home sales since two sold in January. For 2021, the 20 homes purchased in the La Conner area had a median price of $459,250. That is 4% of the 563 homes sold this year in Skagit County.

In April, the 149 newly sold homes in Skagit County also sold for less, on average, $455,000, down 6% from March’s $485,550. The biggest price drop was in the Concrete/Up River area, where the April median sales price was $242,000, 33% lower than March.

Anacortes home prices continue to rise, however. The April median house selling price was $670,000, 12% above March and 34% above the $470,000 Mount Vernon area median price, the county’s second most expensive housing region in April.

Only 149 homes sold countywide in April, down 6% from March. There is an estimated 26 day inventory of homes for sale in the county. If no new homes were put up for sale, all available homes could be purchased in less than a month.

The tight Skagit County inventory contrasts with the 26 counties in the state’s western Puget Sound. The April statistical data from Northwest MLS heralds “sizeable increases in new listings compared to a year ago and reports of moderating prices,” its news release states.

Skagit County is not named in the report, but the analysis of Kitsap County and the Olympic Peninsula area matches. Buyers from the Seattle/King County area who are looking for “safety, community, affordability and choices,” said Frank Leach, broker/owner at RE/MAX Platinum Services in Silverdale.

Thirty-one homes sold in the La Conner area the first four months of 2020, 50% more than this year.

Kirkland based NWMLS is the largest full-service MLS in the Northwest.