Here is the data on which area sold the most million-dollar homes.
The National Association of Realtors recently said that affordability rose for the second month in a row and is at 151.3%. That’s less than a year ago, but scores over 100% mean that a median-income family can afford a median-priced home.
“The Camano Island market is now a million-dollar sales market.”
I’m a numbers geek, so I was wondering if more $1 million homes are being sold in the Marysville, Arlington, Stanwood area, on Camano Island, or in the Mt. Vernon, Burlington, and Cedric-Woolley area? I think the answer might surprise you.
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Marysville, Arlington, and Stanwood have a combined closed sales volume this year of 1,990 transactions with an average sales price of $670,000. Of those transactions, 48 of them, or 2.4%, were over $1 million.
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The Mt. Vernon area had 1,053 transactions with an average sales price of $564,000. Out of that, 33 homes, or 3.1%, were over $1 million.
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Camano Island at 366 closed transactions this year with an average sales price of $702,000. Amazingly, 51 of those homes, or 14%, were over $1 million. The Camano Island market is now a million-dollar sales market.
If you have any questions at all about real estate, don’t hesitate to call, text, or email me. There’s no cost for my advice. I look forward to hearing from you.
