9 La Conner homes sold: $795,000 median price

May was a good month to sell a home in Skagit County, especially in the Anacortes and La Conner markets. In Anacortes $845,000 was the median price for the 32 homes that closed. In the La Conner area, $759,000 was the median price for the nine homes that closed. County wide, 131 homes closed at a median price of $605,500.

A 2,900 square foot home on Sunset Drive, on Skagit Bay, sold for $1.6 million, while a marina frontage Swinomish Drive home sold for just over $1 million.

On the low end, one sale was below $400,000, at $304,900 for a 1,024 square foot home. The Landed Gentry sold home on Maple Avenue was at the $759,000 median price.

Skagit County sold home prices have climbed steadily in 2023, up 27.5%, to $605,500, with almost twice the number of homes selling in May versus January, 131 to 67.

The 46 homes that closed in Mount Vernon brought a median price of $615,000, while the 10 homes closing in the Burlington area averaged a median price of $541,500. Upriver, in the Concrete market, eight homes sold at a lower median price this year, $255,000, than in 2022.

The Northwest Multiple Listing Service estimates 1.6 months of inventory countywide, though it is three months in the La Conner market and 2.7 months in Burlington. Supply is tighter in Mount Vernon, which has 0.85 months of inventory..

Don Elliott, managing broker at Coldwell Banker Bain Real Estate, noted, “We are still seeing buyers having a hard time finding a home in lower-to-mid ranges. And we don’t think that will change unless we have cause for a major correction. But even so, supply is low and demand is still there, and people will always need housing. Homes in all ranges are selling. While more inventory has made it to the market in mid- to higher ranges, buyers are tending to become more selective. If a property is priced correctly, it should sell in a reasonable amount of time.”

May was more active than April, when only 92 homes closed in Skagit County at a median price of $552,500, below 2022's closing prices. La Conner and Anacortes outperformed the rest of the county's markets, with the seven La Conner area sold homes having a median price of $555,000. Anacortes, as always, topped the price chart at $800,000 median price for the 23 homes that closed.

Data are from the Northwest Multiple Listing Service.