Julie,
Average days on market for residential listings in Bothell (King Co. portion) = 83
Average days on market for residential listings in Bothell (Snohomish Co. portion)= 117
Average days on market for residential listings in Kenmore = 104

Joe Loutsis

Julie
In the Kenmore area up to 500K there are 70 active listings, 8 pending and 36 sold in the last 6 months.
Of the active the average days on market is 83 with 425 the longest and 0 the shortest, 63 median.

There are 12 properties that sold in 30 days or less, 12 on the market for 31-60 days, 7 61-90 days
and 2 on the market for 91-120 days. Of the properties that sold in less than 30 days they sold at
98% of list price, 31-60 days sold at 97.56 of list price, 61-90 days sold at 98.50 of list price and those on the market for over 90 days sold at 98.10 of list price for average list to sale price of 97.13.

33% sold in 30 days or less, 33% in 31-60 days, 19.44% in 61-90 days and 5.56% 91-120 days.

Keith is certainly correct in his comments and unfortunately there is a high percentage of the listing inventory that has not been prepared properly and/or are overpriced. The properties where the sellers have done the deferred maintainence and made necessary updates or improvements to showcase their homes and price them at market are selling first with a very reasonable market time.
Mary

Julie
Your profile says that you are a home buyer, so here are some tips that might help you. I recommend discussing these points with your Realtor. If you do not have a Realtor and would like a referral to a great buyer's agent, let me know.

Contrary to what most people think, there are not a lot of nice homes to buy. The typical buyer thinks "there are lots of nice homes, I can just make low ball offers and someone will be desperate and will meet my price". If your goal is to get the best house for the money, here is some food for thought:

In most markets there are actually two markets at work. About 20% of homes are prepared for market correctly, marketed in a way that shows the value of the homes, and priced right. These homes will usually sell within two weeks and when they sell, sell closest to asking price. In my market that means 100.3% of asking.

The other 80% of homes on the market are not prepared for sale, not marketed well, and over-priced. This causes them to stay on the market longer and in my market that means over 100 days. At 120 days on the market they sell at 92.7% of asking...and that would be AFTER some price reductions.

So why is this important to you? When you are looking to buy a home, the best deals usually go first. That means when you and your Realtor meet, and determine your needs, they will develop a profile and start looking for a home. When they call you to see some homes, chances are there will be a mix of homes that have been sitting on the market , and those that have just hit the market.

Pay attention, you'll be surprised at the difference.

Good luck.