Case Inlet - Victor/Allyn to Grapeview

Average sales price in 2020 = $598,815

Understanding the 2021 real estate market requires data generated from 2020 sales. This information is taken directly from the Northwest Multiple Listing Service (NWMLS) sales data for the complete year of 2020. To make charts more accurate for "single-family residential" homes, I did not include manufactured homes, condominiums, and land sales.

Here is a summery of real estate activity on Case Inlet in 2020.

What about pricing?

Each dot on this chart is an actual 2020 waterfront home sale – placed on the chart by its price verses the homes square footage. Larger homes cost more. The line on the charts is a mathematical average calculated from these dots to show the average sale price at any given size of home.

REMEMBER - Much more goes into a “price to sell” than the cost per square foot alone. Variables include the amount of beach frontage, tideland rights, the proximity and access to the water, a dock, the home’s condition & lot size. Although similarities of these variables created this group of homes, price per square foot is an appraiser’s approach to comparing area values.

How active was this market?

Each dot is a 2020 sale, marked by the sale price vs. how much time it took to sell. This shows how active this market was in 2020. The “time to sell” is defined from the day it is listed to the day it closes. That includes the time required to show the property, receiving the offers, inspections and escrow.. A home “sold” in June was probably negotiated in April or May.

Buying patterns in 2020

I’m often asked – "When is the best time to list my home for sale? My answer - 45-60 days before people buy homes in your area. This is a chart of the buying pattern of Case Inlet down to Grapeview in 2020. < /P>

%d bloggers like this: