Skagit County median sold home prices still going up

Sold home prices in Skagit County remained strong in September, with 180 homes and condominiums closing, the same as in August, and the median sold price rising to $552,250, Northwest Multiple Listing Service data show. Anacortes again led the county’s markets, with 32 sales at a median price of $737,500, a 4% increase. The La Conner market slipped to third, at $555,000 median price for the nine homes sold last month. Burlington rose to second. Their 24 homes sold had a median price of $602,500, a 32% rise from August.

September sales data made available by a local realtor listed 11 homes sold in the La Conner market, all on Fidalgo Island and most in Shelter Bay. Sale prices ranged from $377,000 to $960,000.

Countywide, the median price was $552,500, 7% above August. Prices are 10.5% above September 2021 sold home prices.

The five larger market regions, including Mount Vernon and Sedro-Woolley, were at least $25,000 for median sold home prices. The upriver region’s lower August sold home prices pulled the county’s median price down.

Home and condominium inventory continues to increase in the county, to above two months. La Conner’s index of 3.11 is one of two markets above three, with the Lyman/Hamilton having a four month supply of homes. The inventory estimate is the time estimated to sell all homes if no new structures came on the market.

The 211 homes and condos listed in September is down 15% from July. In La Conner, 15 homes were listed, almost matching last month’s 16. The countywide drop is from fewer homes on the market in Anacortes, Burlington and Sedro-Woolley.

Skagit County does not mirror either the Seattle metro area or most of the state. The 26 Washington counties region reports active listings are nearly doubled from a year ago, with pending sales declining more than 31%, but prices in most counties are still rising. Prices continue to rise in Skagit County.

The La Conner area is roughly the La Conner School District’s boundaries.

The median sales price is the point where half of the home sales are above it and half are below it.