Skagit County Continues to Experience Record Increases in Home Prices

Demand for Homes Throughout the Region

This is generally good news for both buyers and sellers throughout the region because it shows the area to be high in demand and quite popular. In short, the demand for homes throughout the region has outpaced inventory for the past 18 months. Skagit County’s market has been particularly active in recent months. Indeed, the median home price throughout the first quarter of 2017 has increased faster than almost every county in the Puget Sound.

Homes are at a Premium While Inventory Remains Low

Skagit County experienced a 14% increase year-over-year in home prices as compared to a state average of around 12%. While there are debates about the reason for this continued increase, one thing is sure and that is that homes are at a premium while inventory remains low. The good news is that motivated buyers working with an experienced and knowledgeable Skagit County realtor will still have an excellent opportunity to find a quality home at an affordable price.

Choosing to Commute to Seattle

As a matter of fact, Skagit County is considered by many to be one of the most affordable places to live in the region even in light of recent price increases. Many people today are choosing to commute to Seattle and even to Vancouver Canada from Skagit County because of its incredible affordability as compared to other counties in the state. Anacortes is another area that has experienced some of the highest median prices for homes in Skagit County. With a growing number of active-duty military being based at Whidbey Island Naval Air Station, homes are continually snapped up quite quickly.

Greater Popularity Even with Somewhat Higher Home Prices

Anacortes is particularly popular to naval personnel because of its highly rated public schools and easy access to I-5. While Whidbey Island and the city of Oak Harbor is probably more affordable, Anacortes enjoys greater popularity even with somewhat higher home prices. It is also important to note that builders across the state are responding to a shortage in inventory by building more homes in the first quarter of 2017 than was the case the same time last year. Contact Nicole Haun today to learn more about affordable Anacortes housing that is always impressive.

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