Skotdal’s Mosaic Apartments Is Going Up on Pacific Avenue: 102 Art-Infused Homes Are the Latest Chapter in Downtown Everett’s Buildout

What is Mosaic Apartments in Everett? Mosaic is Skotdal Real Estate’s newest downtown Everett apartment development — a seven-story, 102-unit art-infused community at 1702 Pacific Avenue in the heart of downtown. The project, designed by Johnson Oaklief Architecture & Planning, was approved in August 2024 and is currently in construction. It features a 106-stall parking garage, EV charging stations, a fitness center, co-working space and club lounge, and public artwork on the building’s blank wall areas — celebrating Everett’s growing public art scene. Status: coming soon.

If you have walked down Pacific Avenue in downtown Everett in the last six months, you have already seen Mosaic going up. The seven-story footprint at 1702 Pacific Ave is the latest addition to a Skotdal Real Estate downtown portfolio that already includes Peninsula, Library Place, Library Place South Stack, Aero, Marquee, Olympic Park, Colby Center, and the Port Gardner Collection — and it tells the same story the rest of the buildout has been telling: downtown Everett is no longer a place that has to convince anyone that more housing belongs here.

The 102-unit count puts Mosaic in the same scale range as Skotdal’s other recent downtown work — bigger than Library Place South Stack’s nine homes, smaller than the Waterfront Place high-density block but planted firmly inside the urban grid, two blocks off the Hewitt Avenue spine. We checked in with the project this week and the bones are up, the artwork concept is approved, and Skotdal’s announced status is the magic two words every downtown watcher has been waiting for: coming soon.

What the building actually is

The numbers, in order:

• 7 stories, the maximum that downtown Everett’s mixed-use zoning supports along this Pacific Avenue stretch.
• 102 upscale apartment homes — Skotdal has described them as bright modern homes consistent with the company’s other downtown portfolio buildings.
• 106-stall parking garage — slightly more than one stall per unit, which by Pacific Northwest urban-infill standards is generous. Most new Seattle multifamily projects in the same density band are closer to 0.7 stalls per unit.
• EV charging stations — present from day one, not retrofitted.
• Fitness center, co-working space, and club lounge — the amenities package that has become standard in mid-market downtown apartments in the post-COVID era, when remote work and hybrid schedules drove demand for at-home co-working space.
• Public art on blank wall areas and a fifty-foot planter at the base of the blank wall facing Pacific Avenue, per the city design review.

The architect on record is Johnson Oaklief Architecture & Planning, LLC, the firm that has handled several of Skotdal’s other downtown projects. Craig Skotdal is the applicant of record. The project received city approval in August 2024 and has been moving through construction since.

Why Skotdal keeps building downtown

Craig Skotdal’s family has been buying and building in Everett since 1968. Art and Marianne Skotdal made their first purchase that year, and the portfolio has grown steadily through a long-term-hold strategy. In 2004 the company shifted from repositioning existing assets to ground-up construction, and the Peninsula Apartments — the company’s first new-build downtown — set what is now the visual template for the rest of downtown Everett’s apartment stock: brick, art, ground-floor activation, and a deep amenity package.

Mosaic continues that template with an explicit nod to Everett’s public art scene. The artwork-on-blank-walls approach is a design choice that runs through several of Skotdal’s other properties — Aero leans into aerospace iconography, Library Place uses bibliophile motifs throughout its hallways, and Marquee Apartments plays off the Village Theatre across the street with theater-themed design.

The thesis behind this much investment from one family in one city is simple: downtown Everett is still pricing below comparable Seattle infill submarkets but is starting to deliver the same amenities, transit, and walkability. The 2028 Sound Transit Everett Link timeline, the September 2026 stadium groundbreaking, the Edgewater Bridge that opened April 28, and the growing list of downtown restaurants and food halls are all things that nudge rent comps up and make new construction pencil. Skotdal has been ahead of that curve for two decades and has the leases to prove it — Peninsula, Library Place, and Library Place South Stack have all consistently posted occupancy above 95 percent in recent quarters.

How Mosaic fits into the broader downtown picture

The downtown apartment supply story across 2025 and 2026 is one of acceleration. Just in the last 90 days the Waterfront & Development desk has covered: the Sage Investment Group conversion of the 9602 19th Street SE Econo Lodge to 124 studios (Phase 1 leasing August 2026); the Millwright District Phase 2’s 300-plus apartment count breaking ground; Waterfront Place’s Sawyer and Carling buildings posting 95-percent occupancy with $2,202-to-$2,800 premium rents holding through a softer overall county market; and a $640 million Snohomish County apartment investment year per Kidder Mathews and The Registry that doubled from the 2023 trough.

Mosaic plays in a different slice. It is not waterfront, it is not an income-restricted conversion, it is not a missing-middle play. It is upper-middle-market downtown urban infill — the slice that historically had to push out to Bellevue or downtown Seattle to find a building that pencils. The 102-unit count is large enough to move the downtown rent comp set but not so large that it floods the submarket the way the Waterfront Place high-density block did.

When Mosaic delivers — Skotdal has not published a specific opening date yet beyond the “coming soon” status — it will join a downtown apartment portfolio in which a single private operator (Skotdal) is responsible for somewhere north of 600 units across nine buildings within roughly a 10-block walk. That kind of consolidated ownership is rare for a city of Everett’s size and has been a deliberate strategy: Skotdal’s leasing pages and tenant portal funnel residents across the portfolio, and amenities (fitness, co-working, the rooftop deck at Aero) are shared marketing across the buildings.

What this means for downtown rents and street life

Two predictions worth tracking once Mosaic delivers:

1. Pacific Avenue ground-floor activation. The Pacific Avenue stretch between Hewitt Ave and the Everett Public Library has been a quieter retail block than Colby or Hewitt themselves. A 102-unit building with concentrated foot traffic at the entrance is the kind of thing that gives a small ground-floor retail bay or cafe space a real shot. Skotdal’s pattern at other buildings (the Library Place ground-floor activation, the Aero retail at street level) suggests Mosaic will follow that playbook.

2. Downtown rent floor. Library Place and South Stack rents have been comping at $2.45 to $2.80 per square foot for upper units. Mosaic’s amenity package — fitness center, co-working, club lounge, EV charging, the 106-stall garage — is consistent with that band. If the building leases at that range from delivery, it will reinforce the floor that Skotdal’s other downtown buildings have established. If it has to come in below that to fill 102 units in a stiffer rental market, it will signal something different about where downtown Everett rents settle for the next cycle.

The bigger picture is one Will has been writing about for months: downtown Everett is building the housing stock to actually be a city center. Not a suburb of Seattle. Not a stop on the way to the Mukilteo ferry. A city center. Mosaic is one more brick in that argument.

Frequently Asked Questions

Where is Mosaic Apartments being built in Everett?
Mosaic is being built at 1702 Pacific Avenue in downtown Everett, WA 98201. The seven-story building sits on Pacific Avenue in the heart of the downtown commercial district, within a short walk of Hewitt Avenue and the Everett Public Library.

How many units does Mosaic Apartments have?
The building is a seven-story, 102-unit apartment community. It also includes a 106-stall parking garage.

Who is developing Mosaic Apartments?
Skotdal Real Estate is the developer, with Craig Skotdal as applicant of record. The project architect is Johnson Oaklief Architecture & Planning, LLC. The project received City of Everett approval in August 2024.

When will Mosaic Apartments open in Everett?
Skotdal has listed the project as “coming soon” with construction underway. The company has not published a specific opening date as of May 2026. Mosaic is the company’s newest downtown Everett development.

What amenities does Mosaic Apartments offer?
Mosaic’s announced amenity package includes EV charging stations, a fitness center, a co-working space and club lounge, and a 106-stall parking garage. The building also features public artwork on blank wall areas and a fifty-foot planter at the base of the Pacific Avenue facade, celebrating Everett’s public art scene.

What other apartment buildings does Skotdal Real Estate own in Everett?
Skotdal’s downtown Everett multifamily portfolio includes Peninsula Apartments, Library Place, Library Place South Stack, Aero Apartments, Marquee Apartments, Olympic Park Apartments, the Port Gardner Collection, and The Residences at Colby Center. The company has been buying and building in Everett since 1968 and shifted to ground-up new construction in 2004 with the Peninsula Apartments.

Why does Mosaic emphasize public art?
Mosaic is positioned as an art-infused community that celebrates Everett’s burgeoning public art scene. The design includes artwork on the building’s blank wall areas — both as a community-design feature and as a city design review condition. Skotdal’s other downtown projects have used similar themed-art approaches (aerospace at Aero, literary motifs at Library Place, theater design at Marquee across from the Village Theatre).

Everett-Delta Transmission Line: PUD Just Held Open Houses for a 3.5-Mile 115-kV Line That Connects to the Waterfront Corridor

What is the Everett-Delta transmission line? Snohomish County PUD’s planned 3.5-mile 115-kV line that connects the Everett Substation (west of I-5 between McDougall and Smith) to the Delta Switching Station (just north of the SR 529 / West Marine View Drive interchange in north Everett). PUD hosted two public open houses on May 7, 2026 at PUD headquarters at 2320 California Street. The line is engineered to support growing electrical demand in and around Everett and prevent low-voltage conditions if local power is interrupted. Construction is targeted to begin in spring 2027, with the line in service by summer 2027.

If you live in Everett and you have been wondering why a public utility line on the north end has been getting more attention this spring, here is the short version: Snohomish County PUD is building the infrastructure backbone that the waterfront, downtown, and north-Everett construction wave actually rides on.

We stopped by the PUD open house messaging on May 7 — two sessions, 4 to 5:30 p.m. and 6 to 7:30 p.m., both at PUD headquarters at 2320 California Street in Everett — and what is striking is how directly this line maps to the development corridor we have been covering for months. The new Everett-Delta 115-kV transmission line connects two existing PUD assets that bracket the heart of the city: the Everett Substation, sitting just west of Interstate 5 between McDougall Avenue and Smith Avenue and north of 36th Street, and the Delta Switching Station, sitting just north of the State Route 529 / West Marine View Drive interchange in north Everett. That is the same West Marine View Drive corridor where the $113 million pipeline project, the Edgewater Bridge, and the Port of Everett’s terminal investments are all stacking up.

Why this line is being built now

PUD’s case for the new line is direct: increasing electrical demand in and around the city of Everett, and the need to keep voltage stable if local power is interrupted. That language is unsexy, but the substance is enormous. Everett is in the middle of a once-in-a-generation building wave — the Millwright District Phase 2’s 300-plus apartments, the Sage Investment Group conversion of the 9602 19th Street SE Econo Lodge to 124 studios, the Riverfront’s Eclipse Mill Park buildout, the downtown stadium with September 2026 groundbreaking ahead of it, and Skotdal Real Estate’s seven-story 102-unit Mosaic Apartments going up on Pacific Avenue. Every one of those projects pulls more load off the grid.

A 115-kV line is the kind of mid-tier transmission that connects the bigger backbone to local substations. It is not a transmission “highway” in the BPA-scale sense, but it is the layer that determines whether neighborhoods can plug in the heat pumps, EV chargers, induction ranges, and apartment-tower elevator loads that follow new construction. Without it, fast-growing cities can hit a wall where the substation is fine, but the lines connecting substations cannot handle the swing.

PUD’s stated benefit list pairs load growth with reliability — and in a city that has been adding new construction along West Marine View Drive at an unusual rate, the reliability part matters as much as the headroom. If local generation is interrupted, the new line gives operators a way to keep voltage from sagging at the Delta Switching Station — which feeds the north-Everett waterfront corridor directly.

What the line will actually look like

The new transmission structures will be similar in design and height to PUD’s existing 115-kV poles already in Everett — ductile iron and/or steel poles, similar profile to what is already in the corridor. PUD has stated that in the summer of 2025 it solicited community input on aesthetic enhancements, and the project page indicates that input will continue to inform the final route execution.

The total length is approximately 3.5 miles, which puts this project on the smaller end of PUD’s current 2026 transmission projects (the Crosswind 115-kV line in Arlington, by comparison, is a different geography and ties into the new Crosswind Substation at the PUD’s North County Campus in Smokey Point). But the Everett-Delta line is the one that lands inside the city limits we cover.

Timing — and why it matters for the waterfront

PUD’s timing language is specific. With a route now chosen, the project moves to detailed engineering, permitting, right-of-way acquisition, and construction. PUD estimates the line will be in service by summer 2027.

That is the same 2026-2027 window when the West Marine View Drive pipeline goes underground (the $113M combined sewer + 48-inch water main project the city approved on April 2), when Bayley Construction’s stadium site survey turns into vertical concrete in September 2026, and when Millwright District Phase 2 starts moving from site work into building shells. PUD building the transmission headroom in the same window means the grid is being prepped for the load that is about to land — not after.

For the city’s part, the construction-window pause for the FIFA World Cup this summer (no in-road construction June through September in 2026 or 2027) keeps the corridor visible for waterfront events. PUD’s spring 2027 construction start sidesteps that political minefield by design.

How this fits with everything else under construction

If you have been reading the Waterfront & Development desk regularly, the names should be stacking up: the Lenora Regional Stormwater Treatment Facility (an $8.7M state-grant-funded plant breaking ground at S 1st & Lenora in Lowell this spring); the Port Gardner Storage Facility (a $200M+ combined sewer overflow project the state Department of Ecology ordered Everett to build); Port of Everett’s Segment E bulkhead final phase ($6.75M, 165 linear feet of wood-to-steel pile rebuild on West Marine View Drive); the federal $11.25M PIDP grant for Pier 3 structural rebuild; and the West Marine View Drive pipeline approved April 2.

The Everett-Delta transmission line is the electrical leg of that same infrastructure stool. None of the apartments going up at Waterfront Place, the Mosaic, or Millwright Phase 2 generate their own power. They draw it from a system that has to grow in lockstep with the density.

If you missed the May 7 open houses, the project page is still active and the PUD outreach team is still soliciting feedback on construction-impact mitigation. The full route map and FAQ live on PUD’s system improvements page.

What we are watching next

Three things on this line worth tracking through the rest of 2026:

1. Right-of-way acquisition — PUD has chosen a route, but the easement and parcel-by-parcel acquisition work is where transmission projects get slow. Any contested takings will land on the Snohomish County PUD Commission’s monthly agenda. The commission meets at PUD HQ and the meeting cadence is on the snopud.com calendar.

2. Permitting timeline — SEPA review and any City of Everett right-of-way permits required will be visible in the city’s permitting portal. A 3.5-mile transmission alignment through an urbanizing corridor typically generates a stack of structural and traffic-control permits even before vertical work starts.

3. Coordination with the West Marine View Drive pipeline — Two major linear infrastructure projects in the same general corridor in the same window need to coordinate trench windows, utility crossings, and traffic control. The Everett Public Works team has run that gauntlet before (most recently on the Edgewater Bridge crossing of I-5), but the load is real.

For now, the headline is simple. The grid is getting reinforced exactly where the city is getting denser. Everett’s transformation is being engineered, one transmission pole and one 48-inch pipe at a time.

Frequently Asked Questions

When will the Everett-Delta transmission line be in service? Snohomish County PUD estimates the line will be in service by summer 2027. Construction is scheduled to begin in spring 2027 and take approximately six months, following completion of detailed engineering, permitting, and right-of-way acquisition through 2026.

How long is the Everett-Delta 115-kV transmission line? The line is approximately 3.5 miles long. It connects the existing Everett Substation, located west of I-5 between McDougall and Smith Avenues north of 36th Street, to the Delta Switching Station, located just north of the SR 529 / West Marine View Drive interchange in north Everett.

Why does Snohomish County PUD need this new transmission line? Two reasons: to support increasing electrical demand in and around the city of Everett, and to maintain voltage stability and reliability if local power is interrupted. The line creates additional system capacity to serve the waterfront, downtown, and north-Everett construction wave.

Where were the Everett-Delta open houses held? Both open houses were held on May 7, 2026 at Snohomish County PUD headquarters, 2320 California Street, Everett, WA 98201. Sessions ran 4 to 5:30 p.m. and 6 to 7:30 p.m., with identical content at each.

What will the new transmission poles look like? The new transmission line and structures will be similar in design and height to the PUD’s existing 115-kV structures already in Everett, using ductile iron and/or steel poles. PUD solicited community input on aesthetic enhancements in summer 2025.

How does this transmission line connect to Everett’s waterfront development? The Delta Switching Station endpoint sits just north of the SR 529 / West Marine View Drive interchange — the same corridor where Everett is investing in the $113 million pipeline project, the Edgewater Bridge, Port of Everett terminal infrastructure, and the Eclipse Mill Park / Shelter Holdings riverfront buildout. The new line adds transmission headroom to serve growing loads from new apartment construction, EV charging, and electrified buildings along that corridor.

Where can residents track project progress and provide input? The project page lives on Snohomish County PUD’s system improvements website at snopud.com, and PUD Commission meetings are open to the public at the PUD HQ at 2320 California Street.

Quick answer: The Northwest Multiple Listing Service’s official April 2026 Market Snapshot shows Snohomish County with the largest year-over-year inventory growth of any county in the 23-county NWMLS region — a 58% jump in active listings (1,325 in April 2025 to 2,094 in April 2026). The county’s median sales price ticked down for the first time in this cycle to $750,000 (-0.7% YoY), closed sales fell 15%, but pending sales rose 2% across the NWMLS region. Average days on market: 35. Months of supply: about 2 — still technically a seller’s market, but the slowest sellers’ market in years. Mortgage rates around 6.45% are doing most of the work.

If you’ve been following Snohomish County’s housing market month-to-month, the official NWMLS April 2026 numbers — published May 7 — confirm a story that’s been building since late winter: the county is unwinding from the most extreme inventory shortage in modern memory, but the unwind is happening through inventory growth and price softening, not through a transaction surge. The most useful way to read April: more homes available, more buyers writing offers, fewer of those offers turning into closings.

This is the comprehensive Everett-anchored guide to what NWMLS reported, what it means for buyers and sellers in the city right now, and how the county compares to the rest of the region.

The Headline: 58% Inventory Surge — Largest in the NWMLS Region

Active residential listings in Snohomish County rose from 1,325 in April 2025 to 2,094 in April 2026 — a 58% year-over-year increase that led every county in the NWMLS coverage area. The next-closest counties were Walla Walla (+54%), Okanogan (+52.4%), Skagit (+44.5%), and Thurston (+43.3%). King County, by comparison, saw a smaller percentage jump because its inventory was less depleted to begin with.

This isn’t a one-month spike. The March 2026 NWMLS report showed Snohomish County inventory up 51.8% year-over-year. The Madrona Group’s April Sales Activity Intensity index registered 54.9%. April’s official number — 58% — confirms the trend is accelerating, not normalizing.

For Everett specifically, the inventory growth is concentrated in the parts of the city where homes have been slowest to come back to the market: established single-family neighborhoods that owners have held through the rate-cycle freeze, and certain townhome and condo segments that depended on the lowest-rate refi window of 2020-2021.

The Price Picture: First Annual Decline of the Cycle

The Snohomish County median sales price came in at $750,000 in April 2026, down slightly from $755,500 in April 2025 — a -0.7% year-over-year change. Modest in size but meaningful in shape: this is the first time in the current cycle that the county’s median has moved down on an annual basis rather than up.

Snohomish County still ranks third-highest among NWMLS counties for median price, above the NWMLS-wide median, and above where many forecasters expected the county to settle given the mortgage-rate environment. Prices haven’t collapsed. They’ve quietly, gradually softened.

The on-the-ground translation in Everett: sellers who priced aggressively six months ago are finding that buyers are no longer obligated to stretch. That’s not a market crash — it’s the structural correction of a market that had become unsustainably tight on the listing side.

Closed Sales Down 15%, Pending Sales Up 2%

Here’s the tension that defines the spring 2026 Snohomish County market: closed sales dropped 15% year-over-year — 104 fewer completed transactions than April 2025. That sounds alarming until you read the other side of the ledger: pending sales (homes under contract but not yet closed) rose 2% year-over-year across the NWMLS region.

The takeaway: buyers are writing offers. They’re going under contract. What they’re doing less of is reaching the closing table. The most consistent explanation is the mortgage-rate environment.

The 6.45% Rate and the Lock-In Effect

Mortgage rates sitting at 6.45% are not prohibitive — millions of households have closed mortgages at higher historical rates — but they’re high enough that some buyers, particularly those relying on proceeds from a previous home sale to qualify, are pausing at the final step. The arithmetic of trading a sub-3% mortgage from 2020-2021 for a 6.45% mortgage on a new property is doing real damage to the resale pool.

This is the well-documented “lock-in effect”: homeowners who refinanced at 3% in 2021 are choosing to stay put rather than take on the new monthly payment. That suppresses the resale supply pipeline at the same time as some new sellers (relocations, downsizing, life changes that override the rate calculation) are listing — which is why the inventory count rises while the buyer-seller flow remains constrained.

35 Days on Market and 2 Months of Supply

Average days on market in Snohomish County came in at 35 days in April 2026, up from prior cycles when well-priced homes sold in single-digit days. That’s slow by recent memory but still fast by historical norms.

Months of supply — the time it would take to sell every active listing at the current pace — sits at roughly 2 months in the county. The textbook definition of a balanced market is 4-6 months. Below 4 is generally a seller’s market; above 6 is generally a buyer’s market. At 2 months, Snohomish County is technically still a seller’s market — the slowest seller’s market in years, but a seller’s market nonetheless.

For Everett-specific micro-markets — downtown condos, north Everett historic neighborhoods, south Everett single-family on the Mukilteo/Boeing-commute corridor — the months-of-supply figure varies. The 2-month county-wide number is the average; some segments are tighter, some are looser.

How Snohomish County Compares to the Region

The NWMLS region covers 23 counties across Washington state. Across that footprint, the same general dynamic holds — inventory up, closings down, pendings flat to up — but Snohomish leads on the inventory surge specifically. King County, which absorbs much of the region’s discretionary buying power, saw a smaller percentage inventory jump because it was working from a higher base.

For an Everett buyer comparing options, the county-by-county data points to one structural fact: Snohomish has more new inventory available right now, relative to the prior year, than almost anywhere else in the NWMLS footprint. For a seller, it points to the inverse: the buyer pool has more competing options than at any point since the pre-2020 market.

What April 2026 Means for Buyers in Everett Right Now

Three actionable reads:

Selection has improved meaningfully. 2,094 active listings is not 2018-era inventory but it’s more selection than buyers have had in years. The compromises that defined the 2021-2023 buyer experience (multiple offers within hours, escalation clauses, waived inspections) are negotiable in many price brackets again.

Negotiating leverage has shifted slightly toward the buyer. A 35-day average DOM and a 2-month supply means well-priced homes still sell, but overpriced homes sit. Buyers can ask for inspections, ask for repairs, and ask sellers to absorb closing costs — none of which were viable in 2021-2022.

The rate-payment math is what it is. 6.45% is not going meaningfully lower in the near term per most forecasters’ published outlooks. Buyers waiting for a 5% mortgage may wait a long time. Buyers who can carry a 6.45% payment now are buying into the most negotiable Snohomish County market in years.

What April 2026 Means for Sellers in Everett Right Now

The first thing to absorb: the comp set you’re pricing against has changed. A home that would have drawn three offers in 48 hours in spring 2022 may now sit for 30+ days if priced to its 2022 ceiling. Pricing to the current market matters more than it has in the entire post-pandemic cycle.

The second: presentation matters again. Inspections, light staging, professional photography, and a price that opens with room to negotiate are back in the playbook. Buyers are choosing among 2,094 active listings, not five.

The third: pendings are up 2% across the region. Buyers are out there. The path to sale is just longer than it was — fewer impulse offers, more inspection-contingent deals.

Where This Connects to the Broader Everett Story

The April 2026 NWMLS data sits inside a larger Everett housing context: the Boeing 737 North Line ramp this summer (covered in our Boeing North Line workers’ housing guide), the FF(X) frigate program timeline at NAVSTA Everett (covered in our Navy PCS housing guide), and the Snohomish County apartment market that hit $640M in 2025 sales. All of those ripple into the for-sale market eventually.

For the broader analytical context on Everett’s three-submarket housing story (citywide, downtown, NW Everett, 98208), see our Everett’s Three Housing Markets deep-dive.

Frequently Asked Questions

Is the Everett housing market crashing?

No. A 0.7% annual median price decline and a 2-month supply count is a gradual softening, not a crash. The Snohomish County market is still technically a seller’s market by months-of-supply standard. What’s happening is a controlled unwind from extreme tightness, not a collapse.

Why did closed sales drop 15% if pending sales rose?

Closed sales reflect deals that finalized in April 2026. Pending sales reflect deals that went under contract in April 2026 (and may close in May or June). The 15% closed-sales drop reflects deals that fell through in March or April at the final step — most consistently because of mortgage-rate-driven affordability re-checks at the underwriting stage.

What’s the median price in Everett specifically?

The $750,000 figure is the Snohomish County median. Everett-specific medians vary by neighborhood, with downtown condos and Casino Road corridor segments often below the county median and Northwest Everett, View Ridge, and waterfront-adjacent neighborhoods often above it.

When will mortgage rates come down?

Most major forecasters expect gradual easing into 2027 rather than a sharp drop. Buyers waiting for a 5% mortgage are likely waiting through at least one more housing cycle.

Should I buy now or wait?

That’s a personal-finance question rather than a market-timing question. The market right now offers more selection and more negotiating leverage than it has in years; the rate environment is what it is. If you can carry the payment at 6.45% and you’d be choosing among more options than recent buyers had, the timing case is reasonable. If you’d be stretching at the rate, waiting may make sense.

Why is Snohomish County’s inventory up more than King County’s?

Snohomish County’s inventory was more depleted in 2024-2025, so the percentage jump back is mathematically larger. King County never bottomed out as severely, so its recovery looks smaller in percentage terms even though the underlying dynamic is similar.

Where can I see the original NWMLS report?

The Northwest Multiple Listing Service publishes the monthly Market Snapshot through its official channels. The April 2026 data was released May 7. Local real estate brokers also typically post NWMLS-derived charts within days of release.

Quick answer for people relocating to Everett: The April 2026 NWMLS data confirms Everett is the most negotiable Snohomish County market in years. 2,094 active listings (+58% YoY), median price $750,000 (-0.7%), average days on market 35, and about 2 months of supply. Buyer leverage on inspections, repairs, and closing-cost help is back. Mortgage rates around 6.45% are the binding constraint — not inventory or list prices. If you’re moving here in 2026, the structural picture is more selection, slower pace, and more room to negotiate than the Everett buyer experience of the last four years.

If you’ve been watching the Snohomish County housing market from another city or state and trying to decide whether 2026 is the year to commit, the official April 2026 NWMLS Market Snapshot is the most useful single data point you’ll get. Released May 7, the report shows Snohomish County leading the entire 23-county NWMLS region in inventory growth — meaning Everett, the county’s largest city, is one of the most newly-negotiable real estate markets in Washington state right now.

This is the relocation-focused read on what those numbers mean in practice for someone making a move to Everett this spring or summer.

You Have More Selection Than Recent Movers Did

The defining feature of the Everett buyer experience from 2021 through 2024 was scarcity. Active listing counts in Snohomish County hit lows that forced buyers into multiple-offer situations within 24 hours of listing, escalation clauses against unseen competing bids, and waived inspections to win the home. That market is over for now.

April 2026’s 2,094 active listings in Snohomish County (up from 1,325 in April 2025) is the most selection buyers have had in years. Everett’s share of that inventory specifically — single-family in the established neighborhoods, downtown condos at the top of the cycle’s correction, and townhomes in the I-5 corridor — is materially higher than what new arrivals encountered in any of the last four spring markets.

For a relocator, this means: you can almost certainly tour the type of home you actually want, in the neighborhood you actually want, within the price band you actually have. That was not true in 2022.

The $750,000 Median Is the Number to Anchor To

Snohomish County’s April 2026 median sales price was $750,000. The county is the third-most-expensive in the NWMLS region — above the NWMLS-wide median, above where many forecasters expected — but it’s also the first time in this cycle the median has moved down on an annual basis.

What this means for someone moving from another market:

• If you’re coming from King County (Seattle, Bellevue, the Eastside), Everett still represents a meaningful price discount per square foot, with materially shorter commutes than several King County exurbs.
• If you’re coming from another Washington county (Pierce, Thurston, Whatcom), Everett is more expensive than your origin market, and the $750K median anchor is the most useful comparison point.
• If you’re coming from out of state (California is the most common origin for Snohomish County movers), Everett offers most of the lifestyle benefits of the Puget Sound metro at a meaningful discount to King County’s medians, with direct access to Boeing/aerospace, Naval Station Everett, and the Sound Transit Link extension that’s coming north over the next decade.

Days on Market and Months of Supply

Average days on market in Snohomish County: 35 days. Months of supply: about 2 months.

For a relocator, the practical effect of those two numbers together is that you can usually:

• Tour a home, sleep on it, and write the offer on day 2-4 without watching it sell to someone else in 12 hours
• Include an inspection contingency without putting yourself out of contention
• Ask for repairs or closing-cost help in negotiation without having the offer immediately rejected
• Time your offer to your relocation timeline rather than the market’s tempo

None of this was a given in the 2021-2023 Snohomish County buyer experience. It is a given again now.

The Rate Environment Is the Binding Constraint, Not Inventory

Mortgage rates around 6.45% are the dominant variable in any 2026 buyer’s payment calculation. Inventory is no longer the binding constraint; the rate is. For a relocator, this is actually good news on the negotiation side — it means competition for the home you want is muted.

Run the numbers honestly. A $750,000 home with 20% down and a 6.45% 30-year mortgage produces a principal-and-interest payment around $3,775/month before property tax, insurance, and HOA. Snohomish County property tax adds roughly $600-$750/month on a $750K assessment depending on the specific levies in your address; insurance and HOA vary. The all-in payment lands somewhere around $4,500-$5,000/month for a median-priced home.

If those numbers are workable on your relocation income, the timing case is good. If they’re stretching, waiting for a meaningful rate decline (most forecasters project gradual easing into 2027 rather than a sharp drop) may make more sense than buying at the edge of affordability.

Where Relocators Tend to Land in Everett

Different origin profiles tend to land in different Everett neighborhoods:

• Northwest Everett (Rucker Hill, Bayside, North Broadway) — the historic neighborhood of choice for relocators who want walkability, downtown access, and Victorian/Craftsman character. Above the county median price.
• Valley View / Sylvan Crest / Larimer Ridge — south-end family neighborhoods with newer construction, top-rated schools in some attendance zones, and easier I-5 commute access.
• Casino Road corridor and South Everett — more affordable per square foot, denser community amenities through Connect Casino Road and similar networks, and shorter commute to Paine Field for Boeing/Aerospace workers.
• Downtown Everett condos — the smallest segment but the most price-corrected. Walkable to Hewitt Avenue restaurants, the Historic Everett Theatre, and the Everett Station transit hub.

For a deeper neighborhood-by-neighborhood read, see our Three Housing Markets guide and our Casino Road neighborhood deep-dive.

The Sound Transit Link Calculation

One factor most relocators underweight: Sound Transit’s Link light rail extension to Everett is in active planning, with an unresolved set of routing scenarios that could put a station near downtown Everett, near Paine Field, or both. That’s covered in detail in our Sound Transit’s Everett Link Extension guide. For a relocator with a 10+ year horizon, neighborhoods near anticipated future stations are worth modeling into the buy decision.

Schools, Commute, and Comparison to Seattle

Everett Public Schools (one of the larger districts in the state) has a mix of attendance zones; serious relocators with school-age kids should pull specific school ratings rather than rely on district-wide aggregates. The Mukilteo School District (covering parts of south Everett) often draws relocators with school-prioritized criteria.

Commute math: from central Everett to downtown Seattle is approximately 30 miles. Driving in peak hours can run 60-90 minutes; Sounder North commuter rail (currently running, with future-of-service questions) covers a portion of the route faster. Bus options through Community Transit and Sound Transit also cover part of the corridor.

For relocators specifically comparing Everett vs. Seattle on the affordability axis: Everett’s $750K median sits well below Seattle’s median sales price, the home you can buy in Everett is typically larger and newer than the home you can buy in Seattle at the same price, and Snohomish County property tax rates are generally lower than King County’s.

Frequently Asked Questions

Is now a good time to buy in Everett if I’m relocating?

The April 2026 NWMLS data points to a market with materially more selection and negotiating leverage than the previous four years. Whether it’s a good time for you specifically depends on rate-affordability math and your relocation timeline. The market itself is more buyer-friendly than it has been in years.

Should I rent first or buy immediately when I arrive?

A growing case for renting first in 2026: Snohomish County’s apartment market is well-supplied (covered in our $640M apartment sales analysis), and rentals are giving relocators a chance to tour neighborhoods on the ground before committing. The opportunity cost of waiting is low because the for-sale market is the most negotiable it’s been in years — meaning the inventory will likely still be available three to six months from now.

How does Snohomish County compare to King County for relocators?

Lower median price ($750K vs. King County’s higher figure), more inventory growth (+58% YoY vs. King’s smaller jump), and more space-for-the-price. The trade-off is longer commute to Seattle’s job centers, though the calculus changes for buyers working at Boeing, Paine Field aerospace employers, NAVSTA Everett, or in Snohomish County government and healthcare.

What’s the cheapest Everett neighborhood to land in?

South Everett (Casino Road corridor) and parts of the I-5 corridor offer the most affordable per-square-foot entry. The trade-off is generally older housing stock and longer commute to downtown Everett. Northwest Everett, Valley View, and waterfront-adjacent neighborhoods carry the highest per-square-foot premium.

Is the housing market going to keep softening?

The current trend (inventory rising, prices flat to slightly down) is sustained by the rate-lock-in effect. As long as mortgage rates stay around 6.45% and the gap between current rates and 2020-2021 refinance rates remains wide, the structural pattern is likely to continue. Sharp rate drops would change the dynamic; gradual rate easing would not.

Where can I tour neighborhoods virtually before flying in?

Most Everett listings on the NWMLS-fed sites (Redfin, Zillow, broker sites) include video walk-throughs and 3D tours. For neighborhood-level context, our Three Housing Markets guide and our individual neighborhood profiles cover the day-to-day character of each area.

Q: Has construction work actually started on the Everett stadium?
A: Yes — the city has awarded a $200,000 limited early work agreement to Bayley Construction to begin site surveying on the 12.5-acre downtown parcel. Meanwhile, the city needs to acquire 15 separate properties before groundbreaking, with 2 purchase-and-sale agreements signed, 4 pending, and 8 in active negotiation.

Ten days after the Everett City Council voted to release $10.6 million in design and acquisition funding for the new downtown stadium, the physical work has begun.

Bayley Construction, the Mercer Island-based general contractor selected as part of the DLR Group/Bayley design-build team, has received a $200,000 limited early work agreement to begin site surveying on the stadium’s 12.5-acre parcel on Everett’s downtown east side, between Angel of the Winds Arena and Interstate 5. This is the moment when the stadium shifts from a city council decision to a job that has people on the actual ground.

At the same time, the city is working through an acquisition list of 15 separate properties it needs to purchase before any heavy construction can begin — and the status of that acquisition is more complex than a single timeline suggests.

The property acquisition scorecard

Before Bayley can do much more than survey, the city needs to acquire 15 parcels that sit within the stadium’s footprint. Here’s where that stands as of early May 2026:

• 2 parcels: Purchase-and-sale agreements signed. Finalized and done.
• 4 parcels: Agreements pending. Terms are agreed upon; paperwork in final stages.
• 8 parcels: Active negotiations. The city is in conversation with owners; no agreements yet.
• 1 parcel: Being formally added to the acquisition list. Not publicly identified.

Of the $10.6 million the council approved April 29, about $5.6 million is earmarked specifically for property acquisition. The remaining funds cover continued design work with DLR Group, permitting, and other pre-construction costs.

The math on 15 parcels averaging out to roughly $370,000 each reflects a mix of small commercial lots, surface parking, and light industrial parcels scattered across the stadium footprint east of Angel of the Winds Arena. The 2 signed agreements and 4 pending deals suggest the more straightforward cases are closing first. The 8 active negotiations are the ones worth watching.

DLR Group and Bayley Construction: who’s building this

The design-build team selection was completed before the April 29 vote. The city used a Progressive Design Build process, and DLR Group/Bayley Construction scored highest among the finalists.

DLR Group is the global architecture firm with a Seattle office that’s been doing the stadium design work. Their renderings show the open-air design: 5,000-seat capacity, a covered premium club area with seating for 200 and standing room for 400, and ADA-accessible sight lines throughout.

Bayley Construction is the contractor that will build it. Headquartered on Mercer Island, they have prior experience in sports facility construction including the University of Washington Husky Ballpark. The $200,000 early work agreement for site surveying is the first physical contract they’re executing — before the full design-build contract, which will come back to the City Council for approval within the next several months.

The site: 12.5 acres east of Angel of the Winds Arena

The stadium site is approximately 12.5 acres on the eastern edge of downtown Everett, directly adjacent to Angel of the Winds Arena and roughly a half-mile west of Interstate 5. The proximity to the arena has been deliberate — city planners have been thinking about the two facilities as a combined entertainment district, not just adjacent buildings, capable of drawing people downtown for multiple reasons on the same block.

The AquaSox opening target of April 2027 creates the deadline that’s driving everything: a September 2026 groundbreaking is required to hit that date. That’s roughly four months away from where we stand today.

The $25 million gap that still needs to close

Even with the $10.6 million approved and the design-build team conducting survey work, the stadium project still carries a funding gap. Total project cost is now approximately $118 million. Current committed or anticipated funding falls roughly $25 million short — a gap the city is working to close through state funding requests, naming rights negotiations, and other sources being tracked by Council Vice President Paula Rhyne’s Finance and Administration Committee.

We’ve covered the four-step pathway from the April 29 vote to groundbreaking in earlier coverage. What’s new today is that while the governance process continues upstairs at City Hall, the physical pre-development process is starting on the ground. That’s the right posture for a project with this little margin in its timeline.

Three milestones to watch

Whether the September 2026 groundbreaking timeline holds will come down to three things:

1. Property acquisition progress — specifically whether the 8 parcels in active negotiation move to signed agreements by early summer. A holdout owner or legal challenge could push the timeline. The city has eminent domain authority, but using it adds time and cost.
2. Final design-build contract approval — that City Council vote will include the full contract value and a revised cost estimate. If DLR Group’s number has moved from the $82 million design-to-budget figure, that’s significant news.
3. The $25 million funding gap — naming rights negotiations and state funding requests have to land before groundbreaking. The FAC meetings are where this closes or doesn’t.

We’ll be tracking all three. The survey work starting now is the right signal — the city isn’t waiting for the funding gap to close before beginning the physical pre-development sequence. That discipline matters when you have 11 months between today and Opening Day 2027.

Frequently Asked Questions

Who is building the Everett downtown stadium?

The design-build team is DLR Group (architecture, Seattle office) and Bayley Construction (general contractor, Mercer Island). Bayley has received a $200,000 limited early work agreement to begin site surveying — the first physical contract on the project.

When will the Everett stadium break ground?

The city’s target is September 2026. That timeline requires acquiring 15 parcels, closing a roughly $25 million funding gap, and approving the full design-build contract — all within approximately four months.

How many properties does the city need to acquire for the stadium?

15 parcels total. As of early May 2026: 2 purchase-and-sale agreements signed, 4 agreements pending, 8 in active negotiation, and 1 more being added to the list.

How big is the new Everett stadium?

The new multipurpose outdoor stadium will seat 5,000 with a covered premium club area seating 200 plus 400 standing. The site covers approximately 12.5 acres east of Angel of the Winds Arena in downtown Everett.

How much will the new Everett stadium cost?

The current total estimate is approximately $118 million. The April 29 council vote released $10.6 million, of which about $5.6 million is for property acquisition. A funding gap of roughly $25 million remains to be closed.

When will the AquaSox play their first game at the new stadium?

The target is April 2027 — but that requires the September 2026 groundbreaking timeline to hold through property acquisition, final contract approval, and gap funding closure.

Q: Is inventory really up 58% in Snohomish County?
A: Yes — that’s the official NWMLS figure for April 2026. Active listings rose from 1,325 to 2,094 year-over-year, the largest percentage increase of any county in the 23-county NWMLS region. More homes are available than at any point in recent memory, but high mortgage rates are keeping a lid on closed sales.

By every measure that matters to people trying to buy or sell a home in Everett right now, April 2026 delivered a split verdict. More homes hit the market than at any point in recent memory — Snohomish County added inventory at a rate of 58% year-over-year, the fastest growth in the entire NWMLS region, which spans 23 counties across Washington state. But fewer homes actually changed hands, and the median price ticked down for the first time in years, suggesting that the inventory flood hasn’t yet turned into a buying spree.

The official numbers came from the Northwest Multiple Listing Service, which published its April 2026 Market Snapshot on May 7. Here’s what they show for Snohomish County — and what they mean for anyone watching Everett’s real estate market.

The headline number: 58% more homes available

Active listings in Snohomish County jumped from 1,325 in April 2025 to 2,094 in April 2026 — a 58% year-over-year increase that led every county in the NWMLS coverage area. Walla Walla (+54%), Okanogan (+52.4%), Skagit (+44.5%), and Thurston (+43.3%) were the next closest, but none matched Snohomish County’s pace.

For context, we’ve been tracking Snohomish County inventory steadily this year: in March, the NWMLS showed a 51.8% inventory surge; the Madrona Group’s April Sales Activity Intensity report came in at 54.9% per our earlier housing market update. April’s official NWMLS count shows the trend isn’t just continuing — it’s accelerating. Buyers have more to choose from than they have in years.

The price picture: flat to slightly down

The median sales price in Snohomish County came in at $750,000 in April 2026, down slightly from $755,500 in April 2025. That’s a modest -0.7% decline year-over-year, but it’s notable because it’s the first time in recent cycles that prices have moved down on an annual basis rather than up.

At $750,000, Snohomish County ranks third-highest among NWMLS counties — above the NWMLS-wide median, and above where many buyers expected the county to be given the economic uncertainty of the past year. Prices haven’t collapsed. They’ve quietly, gradually softened.

What does that mean on the ground in Everett? Sellers who listed with aggressive pricing expectations six months ago are finding that buyers are no longer obligated to stretch. It doesn’t mean deals — it means more honest conversations about what homes are actually worth.

Fewer buyers are closing, but more are going under contract

Here’s the tension that defines this spring market: closed sales in Snohomish County dropped 15% year-over-year — 104 fewer completed transactions than April 2025. That sounds alarming until you see the other side of the ledger.

Pending sales (homes under contract but not yet closed) were up 2% year-over-year across the NWMLS region. Buyers are active. They’re writing offers. They’re going under contract. What they’re doing less of is getting all the way to closing.

The most likely explanation is the mortgage rate environment. Rates sitting at 6.45% are not prohibitive, but they’re high enough that some buyers — particularly those relying on proceeds from a previous sale to qualify — are pausing at the final step. The “lock-in effect” is real: homeowners who refinanced at 3% in 2021 are still choosing to stay put rather than take on a 6.45% mortgage on a new purchase, which suppresses the resale pool even as the overall inventory count rises.

35 days on market and 2 months of supply — still not a buyer’s market, technically

Average days on market in Snohomish County came in at 35 days in April 2026. That’s longer than the sub-20-day paces we saw during peak 2021-2022 frenzy, but still far from the 60-90 day markets that characterized the 2008-2012 correction.

Supply stands at 2.0 months for residential resale — a number that still technically favors sellers (a balanced market is generally considered 4-6 months). But 2.0 months is a world away from the 0.5-0.7 month readings that produced the multiple-offer chaos of 2021-2022. Buyers have real negotiating power for the first time in years. They just have to qualify.

What this means for the Everett market specifically

Everett’s market has been one of the most interesting in the county to watch this year. We’ve covered the three-price-band split — Downtown and NW Everett moving in different directions from southeast zip codes — and the rental market’s softening, with apartment rents down 2% year-over-year to an average of $1,849 per month.

The NWMLS April data adds a layer: even as more homes come available, Everett buyers are navigating a market where the homes that sell quickly are the ones priced correctly from day one. With inventory at 2.0 months, sellers have less margin for optimistic overpricing than they did even six months ago.

For buyers, the calculus is real: more options, lower median, but 6.45% rates eating into purchasing power. A $750,000 home at 6.45% with 20% down carries a monthly principal-and-interest payment of approximately $3,770 — a number that limits who can comfortably qualify without significant equity or income.

For the Everett development market, the housing data matters because it sets the backdrop for the 300-plus waterfront apartments coming in the Millwright District Phase 2, the Econo Lodge conversion of 124 studio apartments at 9602 19th St SE, and other multifamily projects in the pipeline. Softer for-sale absorption means more households staying in the rental pool — which is actually a tailwind for Waterfront Place’s apartment occupancy (currently at 95%) and for the new units coming to market in 2026-2027.

The Sounder North ending in 2033 and the Sound Transit May 28 board decision will add another data point to the transit-oriented development picture around Everett Station, with implications for what gets built and where.

The takeaway for May 2026

More homes. Slightly lower prices. Fewer completions, but steady demand going under contract. That’s the April 2026 picture in Snohomish County. It’s the most balanced spring market we’ve seen in years — not a buyer’s market, not a seller’s market, but something closer to a market where both sides have to come prepared and priced to the moment.

The next NWMLS monthly release will cover May 2026 data, typically available in the first week of June. By then we’ll have the Sound Transit May 28 board decision on Everett Link, which will add one more long-term data point to the development pipeline around Everett Station and the waterfront.

Frequently Asked Questions

What is the current median home price in Snohomish County?

The official NWMLS April 2026 median sales price in Snohomish County is $750,000, down slightly from $755,500 in April 2025.

How much did housing inventory grow in Snohomish County?

Active listings grew 58% year-over-year, from 1,325 to 2,094 — the largest inventory increase of any county in the 23-county NWMLS region for April 2026.

How long are homes sitting on the market in Snohomish County?

The average days on market in April 2026 was 35 days — longer than the sub-20-day pace of 2021-2022, but far from distressed-market territory.

What is the current mortgage rate environment?

As of April 2026, the NWMLS reports an average mortgage rate of 6.45% in the area, which is limiting the pool of buyers who can comfortably complete a purchase — even as more inventory becomes available.

How many months of housing supply does Snohomish County have?

Residential resale stands at 2.0 months of supply — technically still a seller’s market, but significantly improved for buyers compared to the 0.5-0.7 month readings of 2021-2022.

Are home prices falling in Snohomish County?

The official NWMLS April 2026 data shows Snohomish County median prices down 0.7% year-over-year ($750K vs. $755.5K in April 2025) — the first year-over-year decline in recent cycles. Prices are softening, not collapsing.

Is it a buyer’s market in Snohomish County?

Not technically — 2.0 months of supply still favors sellers in most definitions — but buyers have significantly more negotiating leverage than they’ve had in years. More choices, lower median, and sellers who are increasingly priced-to-sell rather than priced-to-wish.