Another piece: Lynnwood’s highest price point seems to be east of 99. Many of those are newly constructed, especially the parts that abut Bothell. Of course, there are the view homes in Blue Ridge, but even they have been hovering in the high 500s, and I haven’t seen one break 600k recently. Just observations.
I also noted the number of condos sold in Lynnwood. Less that half the total sales, but a solid contributor to Lynnwood’s overall sales numbers. The lower price point really helps with affordability. Remember, though, that condo association dues play a part in financing. If your acceptable monthly mortgage payment is $2,000 and dues are $300, it’ll more like you’re financing $1,700. (This is not exact. Lender’s computations are more complex, so I always recommend developing a relationship with a good one. I know several I trust deeply, fyi) I’ll take a deeper dive into condos soon. They are cool and provide some really affordable options.
Life’s getting easier for buyers. More inventory means less competition. But the summer buyers are coming soon. It’s going to be a zany few months. It’ll be fun!relationship