Will Bruce
Windermere Real Estate/SBA, Inc.
Woodinville Market Healthy
Posted on March 13, 2008
Thursday, March 13, 2008
11:47:57 AM
For the Woodinville Market, the statistics from the Northwest Multiple Listing Service show that the average price per foot for "resales" (selling other than a new construction home) is up from a year ago, comparing Feb. 2007 ($236) to Feb. 208 ($247). This is good news for sellers in that it indicates the value of their home increases as an investment and good news for buyers as well as price per square foot has moderated some from May of 07'. Add to this todays interest rates (from Wiindermere Mortgage):
| Principal and Interest | Interest Only | |||
| Conventional Loan | 5.375% | 5.30% | ||
| Jumbo | 5.625% | 5.75% | ||
| Conforming | Jumbo | |||
| 30 Year Fixed | 5.875% | 7.125% | ||
| Last week | 6.25% | 7/25% |
By the way visit this website for other good information on the Woodinville market:
