Lake Stevens & Snohomish: A Real Estate Guide

Lake Stevens & Snohomish: A Real Estate Guide

  • Hanif Ratansi
  • 09/28/22

Relocating to a new area is full of excitement and possibilities. From finding out where the best restaurants are located to picking a favorite park for weekend recreation, it’s a journey of discovery. Located in Snohomish County in Washington, Lake Stevens is a beautiful suburban community that feels private and peaceful. Aptly named for the large lake at the center of town, Lake Stevens spans just over nine square miles and is home to over 33,400 residents. If you’re deciding whether or not to move to Lake Stevens, take a look at some of the top reasons why it's a great place to live alongside a glimpse into the local real estate market.

Living in Lake Stevens

Lake Stevens earns top marks for livability and is often considered one of the best cities in Washington. Only 36 miles from Seattle, homes for sale in Lake Stevens allow residents to enjoy what the big city has to offer while putting down roots in a town that moves at a slower pace.

Top restaurants

Dining out in Lake Stevens starts at Francisco’s Kitchen and Cantina on Hartford Drive. Francisco's is a classic American eatery that offers incredible steaks, salads, and sandwiches. Right beside Francisco’s is the Creekside Alehouse, a great place for beers, a game of pool, or dinner on the patio. Papas Mexican Grill is another local favorite, located within Frontier Village, or there’s RAM Restaurant and Brewhouse. Lake Stevens also has a number of quick grab-and-go spots that are perfect for picking up a bite on the way home from work.

Best things to do

There are a number of ways to get outdoors and stay active in Lake Stevens. Sunset Cove Park, Lundeed Park, and Davies Beach all sit along the lake's perimeter, inviting residents to make the most of the warmer months while taking in beautiful water views. Avid hikers will find themselves at home on the Centennial Trail and the Getchell Trail. Lake Stevens Community Park is another spot where individuals and families can gather to jog, play sports, or unwind surrounded by lush forestland.

Aside from spending time exploring Lake Stevens’ many parks and trails, a trip to the Historical Museum is one of the best ways to learn more about the town’s unique history. Housed within an old mill, the museum is itself a picture of Lake Stevens' history with plenty of information to make newcomers feel more at home.

Lake Stevens real estate

Lake Stevens is a competitive market, and homes don’t stay on the market for long. Home buyers need to know how to put in a strong offer on the properties they’re interested in. With the help of a local real estate broker, buyers can think through ways to make their offer stand out, whether they decide to waive contingencies, make a higher down payment, or agree to cover additional closing costs. A big part of navigating the Lake Stevens real estate market will be gaining insight into demand, inventory, and pricing.

Current demand

Demand goes hand-in-hand with pricing, as long as inventory stays low. If the number of buyers exceeds the number of properties on the market, an area enters a seller’s market, where homeowners have more negotiating power because buyers are vying for the same properties. In those kinds of needs, prices tend to rise.

If the number of buyers is at a similar level or below the number of homes on the market, it’s a buyer’s market. In those cases, prices tend to fall, and buyers have more negotiating power.

Currently, Lake Stevens is in a seller’s market, with demand outweighing the number of available homes.

Available properties

With a sense of how quickly properties are selling and, as a result, the level of demand in the area, buyers can then move on to investigating available properties. Early on in the home buying process, this is less about seeing which properties to make an offer on and more about getting a sense of what type of homes are available and how much they’re being listed for.

Lake Stevens houses for sale buyers can expect to find a variety of homes in prices ranging anywhere from $390,000 to nearly $3 million.

Tips for buyers

The biggest tip for buyers interested in homes for sale in Lake Stevens would be to prepare ahead of time. Getting your finances in order is one of the most critical steps to take early on. If you’re hoping to buy a home this year, take time to review your finances. Are you actively paying off existing debts? What kind of monthly mortgage payment would you be able to take on? Do you plan to pay for your home in cash or take out a loan?

A key part of the process is to get preapproved for a loan, ensuring that an independent lending company has reviewed your income sources, history of debt repayment, and credit score to determine the size of a loan you can take out. From there, the best thing a potential buyer can do is to find and hire a real estate broker they can trust.

Find your home in Lake Stevens with Hanif Ratansi

When you decide to take your first steps toward homeownership in Lake Stevens, work with a real estate professional familiar with the local market. It’s essential to partner with someone who knows how to help buyers strategize the types of offers they’re making as well as the timing of their purchase. Real estate broker Hanif Ratansi has served clients in and around Seattle for 20 years. With a hands-on approach that’s both streamlined and light-hearted, Hanif helps home buyers enjoy every step of the journey. To move closer to your dreams of owning a home in Lake Stevens, get in touch with Hanif Ratansi.

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