November homes sales down in Skagit County

The 88 homes sold in Skagit County in November was a drop of 22.8% from 2022. The La Conner school district market had seven home sales close, the same as last year, bucking the statewide trend. The two homes sold in the Town of La Conner, as reported last month, on Maple Avenue and Benton Street, went for $725,000 and $1.25 million, respectively. Three of the Shelter Bay home sold for under $461,000 so our market’s $565,000 median monthly sold home price was just below the county’s median price of $575,000.

The 88 homes sold are the third month below 100 in 2023, but the $575,000 monthly median price is the third highest of the year. Seventeen homes sold in Anacortes, two fewer than last year, but the larger fact is their median price was $625,000, down from $785,000 in October. Mount Vernon had the largest drop in number of homes sold, 13, to 28, 31.7% fewer.

For the Northwest Multiple Listing Service summary, Mason Virant, associate director of the Washington Center for Real Estate Research at the University of Washington, wrote, “current owners with low-rate mortgages continue to be reluctant to sell. This has led to a continued decline in year-over-year transaction volume and the inventory levels in the market.”

Skagit County’s total active home listings are down 56, 20.3% from November 2022. In the La Conner market, there are almost 50% fewer homes, only 14, from last year’s 27.

Countywide inventory stands at 75 days, the highest this year. La Conner’s inventory is 52 days. Anacortes has a 116 day supply. This is the number of days estimated for selling all houses if none were added.

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.