Is New Construction or Resale a Better Buy in Lake Stevens Right Now?
Is New Construction or Resale a Better Buy in Lake Stevens Right Now?
It depends on what matters most to you.
New construction in Lake Stevens is offering more room to negotiate than many resale homes right now, but buyers are also paying a premium.
Builders Are Not Getting Everything They Wanted
New construction had 35 homes for sale, 8 under contract, and 9 sold.
The median days on market was 99 days, and homes were selling at 94.1% of original list price.
That tells me buyers are negotiating here. Builders are not getting their original number in many cases.
The Price Gap Is Real
The median new construction sale price was 1.12M.
The whole city median sale price was 677K.
That is a big difference, and buyers are noticing it. New construction may be beautiful and convenient, but the price gap has to make sense.
Where the Opportunity May Be
If you want brand new, low maintenance, and move in ready, this may be a better negotiating environment than resale.
You may have room to talk about price, closing costs, rate buy downs, or builder incentives.
But if your main goal is getting the most house for the money, resale may still be worth comparing closely.
Read the Full Lake Stevens Market Report
For the full Lake Stevens breakdown by housing type and resale price point, read the full market report here:
Thinking About New Construction in Lake Stevens?
I can help you compare new construction against resale so you can see what the tradeoff actually looks like.
Apply this to your situation here:
https://link.ressengine.com/widget/form/veKxWA6u4k4DnUeRy0Nq
Brandice Raybourn
Coldwell Banker Danforth
Sno-King County Real Estate Broker
[email protected]
425-367-3881
