There are currently about 64 single-family homes (of all sizes) for sale on the market that are listed as being in the Juanita area. There are 2 homes currently in inspection (meaning buyer made an offer contingent upon an inspection and the seller accepted). There are 13 homes currently marked as pending (meaning they are waiting to close and usually also waiting on financing to wrap up). In the last 6 months, about 100 homes have sold and closed in the Juanita area. However, if you look at the last 3 months (July till now) 45 of the 100 homes closed. So..that's not too bad ..about half.
Now if you look at the upper end homes (I looked at $750+), there are 24 homes currently for sale on the market. Only one house is in inspection, 3 are pending, and 21 have sold in the last 6 months ... 8 in the last 3 months.
So...how is the market in Juanita .... as a whole, it seems fairly steady. Of the 100 homes that sold in the last 6 months, ...about half were in the first 3 months and the other half in the last 3 months. Sales appear to be steady. In the upper end of the price range, ...not terrible. 8 of the last 21 homes were in the last 3 months..that's almost 40%.
So...the numbers make it appear things are fairly steady. However, we are quickly approaching the winter months and buyer activity will continue to drop off the darker and colder it gets. If you plan on putting it on the market, ...unless it's a steal, ..I'd budget/plan for a likely scenario where your house will sit through the winter. ... I'll use numbers to prove my point.
From October 1, 2006 to February 1, 2007 ....only 3 homes in the $750K+ price point in Juanita sold. For frame of reference, ...from February 2, 2007 to May 1, 2007 ...12 homes sold in that price range.
From October 1, 2005 to February 1, 2006 ...only 5 homes sold in the same price range.
From October 1, 2004 to February 1, 2005 ...only 4 homes.
It would be very time consuming to figure out how many homes were for sale during those periods ..and I'm hungry for dinner.
Bottom line, don't expect a lot of activity. Buyers are still out there, but I feel that the media news about mortgage industry's problems, housing everywhere in the country is freefalling, etc. has spooked a lot of buyers and they're in a wait and see mentality. Add to that it's getting closer and closer to winter ...I'm thinking lots of potential buyers have called it a season and will wait till spring.
These numbers were just something I pulled up quickly...I would contact an agent to have him or her put together a formal market analysis for a more precise picture. I'd be happy to assist you with that if you don't already have someone in mind. Thanks!