Skagit home prices high, with supply limited

At the end of October, the only four homes for sale within La Conner town limits were two Landed Gentry residences on Maple Avenue and the two BYK Construction properties on High Street, near Whatcom and Douglas streets. The other 11 homes are in Shelter Bay or near it.

Two pending La Conner properties closed in November, a resale of a Landed Gentry home for $725,000 and an 1890 mansion on Benton Street bought for $1.25 million, On Snee Oosh Road south of Kukutali Preserve a home sold for $1.8 million. Four properties in or near Shelter Bay were pending at the end of October; 11 of 15 active listings were in or near Shelter Bay.

The 101 homes that sold and closed in Skagit County in October had a median sales price of $550,000, led again by the Anacortes market, with $785,000 the median price of its 21 sold homes.

Sold home prices in Burlington and Sedro Woolley were above the median, at $612,000 and $578,000 respectively.. More homes, 32, were sold in Mount Vernon, but at a median price of $527,500.

The seven sold homes in the La Conner area were in Shelter Bay for prices between $210,000 and $933,300, with $460,900 the average price. Larger homes on larger lots brought the highest prices.

Fewer homes sold countywide; the 101 closed sales was down 17% from September and 40% from October 2022.

Inventory is increasing. The supply of homes for sale is 71 days countywide, about the same in the La Conner market and 100 days in Anacortes, highest of any municipalities.

The NWMLS analysis was that "increases in interest rates continue to influence the expected seasonal slow-down during fall and winter months:" At October's end the median price of homes sold declined in 11 out of the region's 26 counties and increased in 14 the regional listing service reported.

Data are from the Kirkland-based Northwest Multiple Listing Service and Don Elliott, managing broker, Coldwell Banker Bain Real Estate. The NWMLS is a member-owned real estate broker organization..

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.