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Tag: Everett Real Estate 2026

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

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

    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).

  • Buying a Home in Everett as a Boeing 737 North Line Worker: What April 2026’s Housing Data Means for Your Decision

    Buying a Home in Everett as a Boeing 737 North Line Worker: What April 2026’s Housing Data Means for Your Decision

    Quick answer for Boeing 737 North Line workers: The official April 2026 NWMLS Snohomish County market data is the most useful housing snapshot you’ll get before the North Line summer ramp. 2,094 active listings (+58% YoY), median price $750,000 (-0.7%), average days on market 35, and the most negotiating leverage Snohomish County buyers have had in years. With rates around 6.45% and Boeing’s 2026 production target requiring the Everett North Line to hit rate 53, your job security and your buyer’s market are arriving in the same year. This is the Boeing-specific read on whether to buy now and where in Everett to look.

    If you’re being hired into the Boeing 737 North Line at Paine Field this summer, transferring up from Renton, or already on the Everett line and thinking about buying instead of renting, the April 2026 NWMLS housing data is the most useful single data point you’ll see before you make the call. It’s also a moment with a specific shape: the Snohomish County for-sale market is the most negotiable it’s been in years, the rate environment is what it is, and the Everett North Line ramp tying your job to Boeing’s stated rate-53 production goal is happening on a parallel timeline.

    This is the Boeing/Aerospace worker read on what April 2026’s official numbers mean for your buy decision in Everett.

    Why This Spring’s Numbers Matter for Boeing Workers Specifically

    Two things are happening simultaneously, and they don’t always overlap:

    First: The Everett 737 North Line is the production arithmetic Boeing needs to get from the current 737 MAX rate (47/month, the physical ceiling at Renton) to the stated 2026 target of rate 53 — a number tied to Boeing’s $3 billion free cash flow goal. The North Line ramp is the only path to rate 53. That math means Snohomish County aerospace hiring continues into the summer ramp regardless of broader macro conditions. Job stability for North Line workers is anchored to a specific corporate commitment, not generalized aerospace forecasting.

    Second: The Snohomish County for-sale market hit its most negotiable point in years right as that ramp lands. April 2026’s NWMLS Market Snapshot — released May 7 — shows 2,094 active listings, a 58% inventory surge that led every county in the NWMLS region. Median price ticked down to $750,000. Average days on market: 35. Months of supply: 2.

    For a Boeing worker buying in Everett this spring, those two facts coincide. The hiring ramp says you can plan on the income. The market says you can negotiate harder than recent buyers did.

    The 6.45% Rate Math on a Boeing Income

    The dominant variable in your buy decision is the rate environment. Mortgage rates around 6.45% aren’t going meaningfully lower in the near term per most published forecasts.

    The arithmetic on a Snohomish County median-priced home ($750K) with 20% down and a 6.45% 30-year mortgage produces a principal-and-interest payment around $3,775/month. Add property tax (roughly $600-$750/month on a $750K assessment depending on your specific levies), insurance, and HOA. The all-in payment lands somewhere around $4,500-$5,000/month.

    For a Boeing 737 North Line worker, the IAM 751 contract scale plus shift differential, overtime availability during the rate-up ramp, and the relative income stability of a long-cycle production program all factor into whether that payment is workable. The honest answer varies by job grade, hours, and household. The structural read: the rate is binding, the negotiating environment is favorable, and Boeing’s stated rate target gives the job side of the equation more visibility than most American workforces have right now.

    Where Boeing Workers Tend to Land in Everett

    The natural geography for a Paine Field-commute home is south and west of the North Line:

    • South Everett (Casino Road corridor and the I-5 ramp neighborhoods) — most affordable per square foot, shortest commute to the North Line entrance, and strong existing aerospace-worker resident network. This is the historically dominant Boeing-worker geography in Everett.
    • Mukilteo — outside Everett city limits, closest single municipality to Paine Field’s main entrance, with a higher price per square foot but a sub-15-minute commute.
    • Lake Stevens, Marysville, north Everett — longer commutes, lower per-square-foot pricing, and the part of the buyer pool that’s most exposed to commute-time decisions if the Sound Transit Link timeline shifts.
    • Valley View / Sylvan Crest / Larimer Ridge (south Everett family neighborhoods) — newer construction, school-prioritized buyer profile, and 10-15 minute commute to Paine Field.

    For a deeper look at the south Everett geography that historically dominates the Boeing-worker housing pool, see our Casino Road neighborhood guide and our Valley View / Sylvan Crest neighborhood guide.

    Negotiating Leverage You Didn’t Have Two Years Ago

    The 35-day average days on market and the 2-month supply count translate into specific buyer-side levers that were not viable in the 2021-2023 Snohomish County market:

    • Inspection contingencies are back in the playbook. You can include a full inspection contingency without immediately falling to the bottom of the offer stack.
    • Repair credits and closing-cost help are negotiable. Sellers sitting on a 35-day-old listing with multiple price drops behind them are responsive to closing-cost concessions.
    • Sleep-on-it offer pace is normal again. The pressure to write within 12 hours of touring a home no longer applies to most price brackets.
    • Ask for the appraisal contingency. In a market where the median is softening rather than rising, the appraisal contingency that protects you from overpaying is back in the standard offer template.

    Renting First vs. Buying Immediately

    For a Boeing worker just hired into the Everett line, the rent-vs.-buy question has a specific 2026 shape:

    Case for renting first: Snohomish County’s apartment market is well-supplied (the 2025 apartment sales hit $640M), the rental rates are stable, and renting for 6-12 months while you tour neighborhoods on the ground gives you knowledge you can’t get from listings sites. The for-sale market is the most negotiable it’s been in years, and it’s likely to remain negotiable for the next several months — meaning the urgency case for buying immediately is weaker than it was in 2021-2023.

    Case for buying immediately: Every month of rent is a month of building no equity. If your North Line role is anchored long-term and your household income supports the all-in payment at 6.45%, the market timing is favorable. Waiting for a meaningful rate drop may mean waiting through 2027 or beyond.

    The honest middle: there’s no wrong answer in 2026. The market is structured so that either path works. The 2021-style urgency is gone.

    Key Boeing-Specific Considerations

    A few factors specific to the Boeing-worker buy decision:

    • Shift schedule and commute — second and third shift workers often weight short commute over neighborhood character because the drive home at 1 a.m. matters. Mukilteo and south Everett dominate that math.
    • Long-cycle program stability — Boeing’s stated rate-53 target tied to the North Line is an unusually long-cycle production commitment. Job stability for North Line workers has more visibility than most American workforces.
    • Spouse/partner employment — Snohomish County has a deeper aerospace and Navy support employment base than most U.S. metros, plus growing healthcare and tech sectors. Two-income aerospace households have more options than the single-income buyer profile.
    • School quality if you have kids — Mukilteo School District and certain Everett Public Schools attendance zones (notably some south-end and View Ridge zones) draw heavily from the Boeing-worker family pool.

    Cross-References to Existing Boeing-Worker Housing Coverage

    For more depth on the Boeing-worker-specific housing playbook, see our Boeing 737 North Line Workers Everett Housing Playbook. For the broader Boeing-Everett story right now — the 767 sundown, the KC-46 tanker line, the 777-9 production milestone — see our 767 Sundown Aerospace Worker Guide. For the data on the broader county market context, see our Everett’s Three Housing Markets deep-dive.

    Frequently Asked Questions

    Will the Everett North Line ramp affect Snohomish County housing prices?

    Possibly modestly, on the demand side. Boeing North Line hiring brings new buyers into the pool. But housing prices are dominated by macro variables (rates, inventory, regional demand) that are larger than any single employer’s workforce additions. The April 2026 data shows prices ticking down despite the active aerospace hiring environment.

    What’s the typical commute from Casino Road to Paine Field?

    10-20 minutes depending on time of day and whether you’re going to the Boeing main gate, the south side of the field, or the Future of Flight side. Mukilteo is shorter (5-15 minutes); north Everett and Marysville are longer (20-40 minutes).

    Should I buy near a future Sound Transit station?

    If your Everett housing horizon is 10+ years, the answer leans yes. Sound Transit Link routing scenarios that include a Paine Field stop or a downtown Everett stop would meaningfully change the value of nearby properties over a 10-15 year period. See our Sound Transit Everett Link Extension guide.

    Are mortgage rates going to come down?

    Most major forecasters expect gradual easing into 2027, not a sharp drop. Buyers waiting for a 5% mortgage may be waiting through another full year of 6%+ rates. The rate-lock-in effect that’s been suppressing resale supply is itself a rate-driven phenomenon, so any meaningful rate decline would also accelerate inventory.

    What’s the median Everett rent right now?

    Snohomish County’s apartment market is well-supplied after a wave of new construction. Rental rates are stable and well below the all-in cost of buying a median-priced home at current rates. For Boeing workers exploring the rent-first path, the market is favorable on the rental side too.

    What if I’m a contractor or temp on the line?

    The buy decision math changes meaningfully if your income isn’t long-cycle. Most lenders will require two years of consistent income; contract or temp roles often don’t qualify for conventional financing on the same terms as direct-hire IAM 751 positions. Renting may be the right answer until your role converts.

  • Snohomish County Housing Market April 2026: Inventory Up 58%, Median Drops to $750K — A Complete Everett Buyer and Seller Guide

    Snohomish County Housing Market April 2026: Inventory Up 58%, Median Drops to $750K — A Complete Everett Buyer and Seller Guide

    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.

  • Relocating to Everett in 2026: What April’s Housing Market Means for People Moving to Snohomish County Right Now

    Relocating to Everett in 2026: What April’s Housing Market Means for People Moving to Snohomish County Right Now

    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.

  • Snohomish County Leads the Region in Inventory Growth: What NWMLS’s Official April 2026 Numbers Mean for Everett Buyers and Sellers

    Snohomish County Leads the Region in Inventory Growth: What NWMLS’s Official April 2026 Numbers Mean for Everett Buyers and Sellers

    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.

  • Living in Valley View-Sylvan Crest-Larimer Ridge: Everett’s Hilltop Neighborhood With One Road In and Views That Make It Worth It

    Living in Valley View-Sylvan Crest-Larimer Ridge: Everett’s Hilltop Neighborhood With One Road In and Views That Make It Worth It

    What is the Valley View neighborhood in Everett like?
    Valley View-Sylvan Crest-Larimer Ridge is a small, tight-knit hilltop neighborhood in southeast Everett with approximately 680 residents. The neighborhood sits on a plateau with panoramic views of the Cascade Mountains and Snohomish Valley. It has only one road in: 75th Street Southeast, over an Interstate 5 overpass. Homes sell in an average of 12 days — far faster than the national average of 55 — with a median sale price of $675,000.

    Living in Valley View-Sylvan Crest-Larimer Ridge: Everett’s Hilltop Neighborhood

    There’s only one road into Valley View. That one fact explains everything about it.

    You cross the Interstate 5 overpass on 75th Street Southeast, and then you’re in. Quiet, curved streets. Cul-de-sacs that dead-end into tree canopy. Homes with views of the Cascades to the east and the Snohomish Valley below. The plateau that the City of Everett officially designates as Valley View-Sylvan Crest-Larimer Ridge doesn’t announce itself. It doesn’t need to.

    Valley View is one of the last neighborhoods in the desk’s coverage rotation — and one of the most distinct in south Everett.

    A Triangle on a Plateau

    The City of Everett groups three sub-areas — Valley View, Sylvan Crest, and Larimer Ridge — as a single neighborhood because that’s how residents experience them: one continuous, well-kept plateau community in the southeast corner of the city, roughly five miles from downtown Everett. The city’s official neighborhood page is at everettwa.gov/559.

    The shape of the neighborhood is almost literally triangular, defined on two sides by natural terrain and on the third by Interstate 5. The highway that most Puget Sound drivers barely register is, for Valley View, the defining boundary — the feature that keeps the neighborhood separate and quiet. Only one way over: 75th Street SE. Nobody passes through Valley View en route to somewhere else. Everyone who’s there chose to be there.

    The Housing Market Tells the Story

    Homes in Valley View sell in an average of 12 days — versus a national average of 55. The median sale price over the last year is $675,000, down 9% from the prior year’s peak, which actually makes this one of the more watchable entry points into a south Everett plateau neighborhood if you time it right.

    Most of the housing stock was built between 1940 and 1969 — mid-century bones, established lots, mature trees, real yards. A number of more recently built homes fill out the mix. The neighborhood ranks in the top 15% of highest-income neighborhoods in America and in the top 10.9% of family-friendly neighborhoods statewide — a combination of high homeownership rates, above-average school quality, and low crime.

    Who Lives Here

    Roughly 680 people call Valley View-Sylvan Crest-Larimer Ridge home, making it one of Everett’s smaller neighborhood units by population. That scale matters: neighbors actually know each other here. The intimate headcount is part of why the neighborhood consistently appears on lists of Everett’s most community-oriented places to live — there’s enough density to sustain a real association, but not so much that faces blur.

    English is spoken in about 68.8% of households. Vietnamese, Spanish, Arabic, and Tagalog are the next most common languages — a reflection of the broader southeast Everett demographic mix that runs through Pinehurst-Beverly Park, Cascade View, and Evergreen. The neighborhood’s diversity is baked in quietly, without being its defining public identity.

    The Neighborhood Association

    Valley View-Sylvan Crest-Larimer Ridge has an active neighborhood association that meets on the third Tuesday of each month at 7:00 PM at the South Precinct Police station, with no meetings in July, August, or December. For new residents, this meeting is the fastest way to understand what’s actually happening in the neighborhood — what’s being proposed, what longtime residents care about, who to call when something comes up.

    The City of Everett’s Council of Neighborhoods coordinates across all neighborhood associations, and Valley View-Sylvan Crest-Larimer Ridge is fully part of that structure.

    Parks and Getting Outside

    Rotary Park sits close to the neighborhood — a fishing and recreation park with a public boat ramp, one of the few spots in south Everett where you can launch a kayak or fish from shore on a weekday morning. For longer trail time, the Japanese Gulch Trail offers a forested escape with wildlife and quiet that surprises people who don’t know it. Forest Park — Everett’s 197-acre crown jewel with trails, an animal farm, and playgrounds — is a short drive north.

    The neighborhood’s own streets double as walking routes given the near-absence of through traffic. If your definition of a neighborhood park includes “my street at 7 AM with almost no cars,” Valley View delivers consistently.

    Schools

    Valley View-Sylvan Crest-Larimer Ridge is served by Everett Public Schools, which posted a record 96.3% graduation rate for the class of 2025 — one of the highest rates in Washington State. Jefferson Elementary and Eisenhower Middle School serve families in this portion of southeast Everett. The district’s strong college and career readiness programming and the proximity to Everett Community College give Valley View students real post-secondary options close to home.

    What to Know Before You Move

    Valley View-Sylvan Crest-Larimer Ridge is not for people who want city energy immediately outside their door. There are no coffee shops on the corner, no walkable commercial strip. The appeal is something else: real quiet, genuine mountain views, neighbors who wave, and a housing market that’s been overlooked because the neighborhood doesn’t advertise itself.

    The one-road-in geography is a feature for most residents — it keeps the plateau private. I-5 access via 75th Street SE puts you on the freeway in under two minutes. Community Transit serves the area for riders who don’t drive.

    For families comparing south Everett seriously — looking at Glacier View, Cascade View, or Pinehurst-Beverly Park — Valley View belongs on the list. It’s the one most people drive past without ever knowing the plateau exists above them.

    Frequently Asked Questions

    Where exactly is Valley View in Everett?
    Valley View-Sylvan Crest-Larimer Ridge is in southeast Everett, approximately five miles from downtown. The only road access is via 75th Street Southeast, which crosses an I-5 overpass into the neighborhood.

    What is the City of Everett’s official name for this neighborhood?
    The city designates the combined area as Valley View – Sylvan Crest – Larimer Ridge, recognizing the three sub-areas as one neighborhood unit. The official page is at everettwa.gov/559.

    What is the median home price in Valley View?
    The median home sale price over the last 12 months is $675,000 — down 9% from the prior year. Homes sell in an average of 12 days, well below the national average of 55 days.

    Does Valley View have a neighborhood association?
    Yes. The Valley View-Sylvan Crest-Larimer Ridge Neighborhood Association meets the third Tuesday of each month at 7:00 PM at the South Precinct Police station. No meetings in July, August, or December.

    What schools serve Valley View?
    The neighborhood is served by Everett Public Schools. Jefferson Elementary and Eisenhower Middle School serve the area. EPS posted a record 96.3% graduation rate for the class of 2025.

  • Moving to Everett in 2026? Here’s What the Tightest Retail Market in Puget Sound Means for Your Neighborhood, Shopping, and What’s Coming

    Moving to Everett in 2026? Here’s What the Tightest Retail Market in Puget Sound Means for Your Neighborhood, Shopping, and What’s Coming

    Q: What should someone moving to Everett know about the retail and shopping environment in 2026?
    A: Snohomish County has the tightest retail market in Puget Sound (3.4% vacancy, Q4 2025), which has two practical implications for new residents: good news (the city’s existing retail is stable and occupied, not full of empty storefronts) and realistic expectations (major new retail amenities are coming slowly — Waterfront Place is growing, Millwright Phase 2 is in pre-leasing, and the riverfront grocery anchor isn’t arriving until 2030). Here is the shopping landscape by neighborhood and what’s coming when.

    What the Tight Retail Market Means for Your Daily Life in Everett

    If you’re moving to Everett, the retail market data has two practical implications for your daily life — one reassuring and one requiring patience.

    The reassuring part: 3.4% vacancy means that Everett’s existing retail is overwhelmingly occupied. The stores and restaurants that are here are here because they’re viable. You won’t find the endless empty storefronts that characterize struggling commercial districts in other cities. The businesses you discover in your first weeks will still be there in year two.

    The patience part: that same tightness means the major new retail amenities that make urban neighborhoods feel complete — grocery options in new neighborhoods, a broader restaurant scene on the waterfront — are arriving on slow timelines. The riverfront grocery anchor doesn’t open until 2030. Waterfront Place is still building out its restaurant row. If you’re moving to a new Everett neighborhood expecting walkable urban retail from day one, you may need to adjust expectations based on where you land.

    Grocery and Everyday Shopping by Area

    North Everett and Downtown

    The QFC on Colby Avenue is the primary grocery option for downtown and North Everett residents. Fred Meyer on Casino Road serves the broader South Everett corridor. Safeway on Broadway is another downtown-adjacent option. Whole Foods is not in Everett (the nearest is in Lynnwood or Redmond); Trader Joe’s is in Lynnwood. For everyday grocery needs, North Everett residents have workable but not walkable options — most require a short drive.

    South Everett and Casino Road Corridor

    The Casino Road corridor has significant retail density serving the area’s large residential population, including several ethnic grocery options (Vietnamese markets, Filipino stores, and international food retailers serving the area’s diverse communities). Fred Meyer is a major anchor. For families who cook internationally, South Everett’s food retail is actually more interesting than North Everett’s in terms of variety.

    The Snohomish River Waterfront Neighborhood

    If you’re moving to one of the Shelter Holdings residential buildings on the Snohomish River waterfront, be aware that the grocery anchor has been delayed to 2030. You’ll be relying on the QFC on Colby for grocery runs — about a mile from the waterfront site. The neighborhood has ground-floor commercial space that is being built out, but the full retail program is several years from completion. The Interurban Trail makes the neighborhood excellent for walking and cycling; the car remains necessary for grocery shopping for now.

    What’s Coming: The Retail Development Pipeline

    Waterfront Place at the Port of Everett

    The most exciting new retail corridor in Everett is the Port of Everett’s restaurant and dining cluster. Jetty Bar & Grille, Marina Azul, Scuttlebutt Brewing, and others are building a genuine waterfront dining district along Port Gardner Bay. This is already partially open and worth exploring as a weekend destination. The Waterfront Place guide covers every tenant and what’s there now.

    Millwright District Phase 2

    The next major mixed-use development at the Port waterfront — adding residential units and ground-floor retail — is in pre-leasing. It’s the next-generation version of the Waterfront Place district, with higher residential density that will make the commercial program more sustainable. Timeline: several years out.

    The Snohomish River Waterfront

    Grocery store in 2030. Eclipse Mill Park by spring 2028. The full waterfront guide is the most complete picture of what’s coming and when on the riverfront site.

    The Farmers Market and Seasonal Retail

    The Everett Farmers Market opens Mother’s Day 2026 and runs through the summer on Wetmore Avenue in downtown Everett. It’s one of the city’s best weekly retail experiences — local produce, food vendors, crafts, and community. For new residents, it’s one of the first things to put on your calendar. It’s also where you’ll meet a cross-section of Everett’s community in a way that no strip mall can offer.

    The Bigger Picture: Everett Is Under-Retailed, and That’s Changing

    Snohomish County’s tight vacancy reflects a structural reality: the county has grown faster than its retail has. That gap is exactly why the waterfront projects are being built. The city’s population — 114,070 in Everett proper, with the county at over 800,000 — is large enough to support significantly more retail than currently exists. The development pipeline is beginning to fill that gap, slowly but genuinely.

    For new residents, the practical advice is: get comfortable with a car for big-box and grocery runs, explore downtown Everett’s independent retail and dining for your everyday life, and watch the waterfront corridors over the next 3–5 years. The city’s retail story in 2030 will be substantially richer than it is in 2026. You’re arriving at the right time to be part of that change.

    Frequently Asked Questions for New and Relocating Residents

    Is Everett a walkable city for shopping and errands?

    It depends heavily on your neighborhood. Downtown Everett has a walkable core with restaurants, cafes, specialty retail, and the farmers market. Most grocery shopping requires a short drive. The waterfront neighborhoods (Port and Snohomish River) are growing but not yet fully retail-complete. South Everett has good density on the Casino Road corridor but is car-dependent.

    Where is the nearest Trader Joe’s or Whole Foods to Everett?

    The nearest Trader Joe’s and Whole Foods are in Lynnwood, approximately 10–15 miles south of downtown Everett on I-5. Lynnwood’s Alderwood Mall and surrounding retail corridor is the nearest major shopping destination outside Everett itself.

    What new retail is coming to Everett in the next few years?

    Waterfront Place at the Port of Everett is already partially open and continuing to add tenants. Millwright Phase 2 (Port waterfront mixed-use) is in pre-leasing. The Snohomish River waterfront grocery anchor arrives in 2030 and Eclipse Mill Park opens spring 2028. Downtown’s Broadway and Hewitt corridors continue seeing independent retail turnover.

    Is the Everett Farmers Market worth checking out?

    Yes. The Everett Farmers Market opens Mother’s Day 2026 and runs through the summer season on Wetmore Avenue downtown. It’s one of the best weekly community experiences in the city for new residents trying to meet neighbors and explore local food.

    How does Everett’s retail compare to Bellevue or Seattle?

    Everett has significantly less retail density per capita than Bellevue or Seattle. It’s a working city with a strong employment base (Boeing, Navy, healthcare) that has historically prioritized industry over consumption. The city’s retail footprint is growing — the waterfront projects represent the biggest retail investment in Everett’s recent history — but the gap with Seattle’s retail depth will persist for years. Everett’s comparative advantage is affordability and community character, not retail variety.

  • Snohomish County’s Retail Market Is the Tightest in Puget Sound — And Q1 2026 Just Started Testing That

    Snohomish County’s Retail Market Is the Tightest in Puget Sound — And Q1 2026 Just Started Testing That

    📖 Exploring Everett — In-Depth Coverage of This Story

    Q: How does Snohomish County’s retail vacancy compare to the rest of the Puget Sound region?
    A: Snohomish County ended Q4 2025 at 3.4% retail vacancy — the tightest rate in the Seattle-Puget Sound metro, according to Kidder Mathews. While the broader Seattle market finished 2025 at 4.0% and continued rising into Q1 2026, Snohomish County’s retail market has stayed tighter because almost no new retail square footage has been built in years. That scarcity protects existing landlords but creates a challenging environment for major new developments like Waterfront Place and Millwright Phase 2 that need to recruit tenants into a market where selectivity is rising.

    Why Snohomish County Retail Stays Tight

    Here’s a number that doesn’t get talked about enough: Snohomish County’s retail vacancy rate ended 2025 at 3.4 percent.

    For context, the broader Seattle metro finished 2025 at 4.0 percent, and that number was climbing. King County’s vacancy was trending higher through the back half of the year. Portland hit 4.8 percent in Q1 2026. By every regional benchmark, Snohomish County’s retail market is the tightest in Puget Sound — and it has been for most of the past three years.

    That’s a complicated backdrop for everything happening on Everett’s waterfront right now.

    The short answer, according to Kidder Mathews’ Q4 2025 retail market data cited by the Everett Herald in February 2026, is construction — or rather, the lack of it. Almost nothing has been built. The last major new shopping center project in Snohomish County was years ago, which means existing retail square footage is scarce. When tenants look for space, their options are limited — which keeps occupancy high and keeps asking rents elevated.

    The Everett Herald framed it plainly: “Few vacant retail spaces in Snohomish County.” At 3.4 percent vacancy, that’s not just a real estate headline — it’s a physical reality that shapes which businesses can afford to open here.

    But Q1 2026’s Kidder Mathews data, published by The Registry Pacific Northwest on April 8, 2026, introduced something new into the conversation: a trend line. Vacancy is “creeping higher.” Tenants are “growing more selective.” The words are measured — this is not a market in distress — but they signal that the floor-tight conditions of the past two years are starting to soften at the margins.

    What This Means for Waterfront Place

    The Port of Everett’s Waterfront Place development has approximately 63,000 square feet of planned retail and restaurant space across the full buildout of Fisherman’s Harbor and Marina Village. A meaningful portion of that is already occupied and generating activity: Tapped Public House opened in March 2026 with the largest waterfront rooftop deck in Snohomish County; Marina Azul Cocina & Cantina arrived in spring 2026; Menchie’s Frozen Yogurt opened at the marina in March; Rustic Cork Wine Bar has been operating for months; Jetty Bar & Grille remains a marina staple; South Fork Baking Co. and Anthony’s HomePort anchor the established tenant base.

    That’s a functioning dining and retail district — and it’s operating in a county where retail space is genuinely scarce. In a 3.4 percent vacancy environment, every new restaurant that opens at Waterfront Place is competing not just with other waterfront tenants, but with a county-wide retail market where operators are getting more selective about where they commit.

    The remaining Parcel A7 restaurant site — the Port’s search for a flagship dining tenant at the last undeveloped waterfront pad — is an open question in this context. A tight market should theoretically accelerate recruitment. But Q1 2026’s rising selectivity from prospective tenants complicates that math. Operators have more choices than they used to, and they’re using them.

    The Millwright Phase 2 Question

    The more significant long-term implication of the Q1 2026 retail data is for Millwright District Phase 2, which envisions up to 120,000 square feet of retail, entertainment, and dining — the movie theater, mini golf, arcade, bowling, specialty shops, gyms, and salons announced as the anchor concept, with a projected opening window of mid-2029.

    Between now and 2029, the retail market will complete several more cycles. The current “vacancy creeping higher, tenants more selective” phase could resolve in either direction. What the Q1 2026 data confirms is that the foundation is solid. A county that has held below 3.5 percent vacancy for multiple years, with no meaningful new inventory in the pipeline, is a county where well-positioned retail real estate still works. Millwright Phase 2’s 120,000 square feet will be the largest single retail addition Snohomish County has seen in years — arriving into a market that will almost certainly still be undersupplied by mid-decade.

    Downtown Everett and the Bank of America Signal

    One notable data point in downtown Everett’s retail landscape deserves separate attention: the 12,000-square-foot Bank of America building at 1602 Hewitt Avenue, which came to market this spring for the first time in 60 years. Skotdal is marketing the building with a three-lane drive-through and 92 covered parking spaces.

    At 3.4 percent county-wide retail vacancy, a 12,000-square-foot class-A footprint in downtown Everett should theoretically be in high demand. The fact that it’s available at all is a testament to how thoroughly the banking sector has contracted its physical footprint. The question is whether the retail market’s tightness is enough to attract a non-bank tenant willing to work with that building’s legacy configuration.

    The comparison to the office market is instructive: Snohomish County office vacancy hit 10.7 percent in Q1 2026 — nearly triple the retail rate. Office space is available and under pressure; retail space is not. That divergence matters for how developers think about the use mix at Waterfront Place and Millwright Phase 2. Retail and dining are still the anchor draw. Office demand follows workers, not the other way around.

    The Snohomish County Retail Advantage — For Now

    For anyone tracking Everett’s development story, the retail market data adds an important piece of context. The waterfront, downtown, the riverfront, and Millwright are all recruiting tenants into a county that remains the most retail-constrained in the region. That constraint cuts both ways.

    It means existing retailers perform well. It means new entrants can establish market position before competition multiplies. And it means the large-format entertainment retail vision at Millwright Phase 2 — the first genuine new retail district Snohomish County will have seen in years — will arrive into conditions that still favor well-capitalized landlords.

    The Q1 2026 signal worth watching is whether rising tenant selectivity translates into slower absorption at Waterfront Place. The next few quarters of lease announcements will be a real-time test of whether the Port’s restaurant row momentum can hold through a softening. Based on what the data shows right now, there’s no reason to expect it won’t — but the days of almost any tenant being available are giving way to a market that’s starting to pick and choose.

    Frequently Asked Questions

    Q: What is Snohomish County’s retail vacancy rate?
    Snohomish County ended Q4 2025 at 3.4 percent retail vacancy, the lowest in the Puget Sound metro according to Kidder Mathews. Q1 2026 showed the rate beginning to edge higher as tenants grew more selective.

    Q: How does Snohomish County compare to Seattle’s retail market?
    The broader Seattle metro finished 2025 at 4.0 percent retail vacancy, roughly half a point higher than Snohomish County. Q1 2026 continued that divergence, with the Seattle-area rate climbing while Snohomish County remained below regional averages.

    Q: How much retail space is planned at Waterfront Place?
    The Port of Everett’s Waterfront Place development plans for approximately 63,000 square feet of retail and restaurant space across Fisherman’s Harbor and Marina Village, with multiple tenants already operating.

    Q: How much retail is coming to Millwright District Phase 2?
    Millwright District Phase 2 envisions up to 120,000 square feet of entertainment-anchored retail — including a movie theater, mini golf, arcade, bowling, and specialty shops — with a projected opening window of mid-2029.

    Q: Why is Snohomish County retail vacancy so low?
    The primary driver is a near-complete absence of new retail construction in the county for multiple years. With no significant new inventory entering the market, existing space stays occupied and asking rents remain elevated.

    Q: What is happening at the Bank of America building on Hewitt Avenue in downtown Everett?
    The 12,000-square-foot former Bank of America building at 1602 Hewitt Avenue became available for the first time in roughly 60 years in spring 2026. Skotdal is marketing the space with a three-lane drive-through and 92 covered parking spaces in downtown Everett.

  • Snohomish County Apartment Sales Hit $640 Million in 2025 — Here Is What the Investment Recovery Means for Everett

    Snohomish County Apartment Sales Hit $640 Million in 2025 — Here Is What the Investment Recovery Means for Everett

    How is the Snohomish County apartment investment market performing in 2026?
    Snohomish County apartment sales reached $640 million across 32 deals in 2025 — more than doubling from 2023 transaction volumes — as flat rents and stable vacancy created entry conditions that yield-focused investors found compelling. Average pricing settled around $294,557 per unit, and with 17,089 units still under construction regionally, capital is moving before the next supply cycle closes.

    Snohomish County’s Apartment Investment Market Hit $640 Million in 2025 — And the Capital Is Still Moving

    Most of the housing market coverage you’ve read about Snohomish County this year has been about buyers, sellers, and mortgage rates. That’s not the whole picture.

    While the for-sale residential market has been digesting a 51% inventory surge and buyers have been navigating 6.4% rates, a parallel story has been unfolding in the investment market — the institutional and private capital that buys, holds, and sells apartment buildings. And that story has a very different tone.

    Snohomish County apartment sales hit $640 million in 2025, according to a Kidder Mathews analysis reported by The Registry Pacific Northwest. That’s across 32 deals. The volume more than doubled from 2023 levels — the trough of what had been a significant pullback in multifamily transaction activity driven by rising interest rates and reset expectations.

    The question worth asking now: what do those investors see in Snohomish County, and what does their move back into the market mean for Everett specifically?

    Why the Market Reset the Way It Did

    To understand where we are, it helps to understand where we came from.

    The 2021-2022 apartment investment boom was driven by cheap debt and outsized rent growth. Cap rates compressed dramatically. Then the Federal Reserve raised rates, borrowing costs spiked, and sellers who bought in 2021-2022 at aggressive prices couldn’t hit the numbers that 2023-2024 buyers needed to see. Transaction volume crashed nationally, and Snohomish County wasn’t immune.

    The recovery that’s now playing out isn’t a return to 2021 pricing. It’s something more durable: a market where seller expectations have adjusted, where buyers can underwrite deals to current rent levels and get a yield, and where the operating fundamentals — occupancy, rent trends — are stable enough to justify putting capital to work.

    The Kidder Mathews data point on average price per unit illustrates this. At approximately $294,557 per unit with a 4% year-over-year decline from 2024 levels, pricing is off the peaks but far from distressed. That’s a reachable entry point for buyers who couldn’t compete in 2021-2022 and have been waiting.

    What Makes Snohomish County Attractive Right Now

    Apartment investors look at fundamentals first: vacancy rates, rent trends, and the supply pipeline.

    On vacancy, Kidder Mathews’ Q4 2025 Seattle-Puget Sound regional data shows multifamily vacancy holding at 7.4% year-over-year. That’s not tight — but it’s not distressed either. For a county where the job base is anchored by Boeing, Paine Field aerospace, the Naval Station, and a growing tech cluster along I-5, that vacancy rate reflects a market with durable demand drivers.

    On rent, the story for 2025 was flat. Everett’s rental market saw rents down roughly 2% year-over-year in 2025, to an average around $1,849 according to prior market data. That’s the downside. But for investors, flat rents in a well-employed market with a constrained land supply are different from flat rents in a market with weak fundamentals. Investors who can buy at current prices and hold for a rent recovery cycle are making a different bet than investors who overpaid during the growth phase.

    On supply, the regional construction pipeline is thinning. Roughly 17,089 units remain under construction across the Seattle-Puget Sound metro — a 23% decline from the prior year. That contraction means the supply overhang that compressed rents will start to clear in 2026 and 2027. Capital that moves now is positioning ahead of that clearing.

    What This Means for Everett Specifically

    Everett is not a monolith in this investment market. The specific submarkets attracting attention are worth understanding.

    The premium waterfront product — the Sawyer and Carling at Waterfront Place — has been holding occupancy at roughly 95% even as broader rents softened, with $2,202-$2,800 monthly rents demonstrating that the waterfront premium survives a soft market. For institutional investors, that occupancy and rent spread is a data point about the durability of location-driven demand.

    Lincoln Properties is underway on Phase 2 of Millwright District — 300-plus units in a mixed-use waterfront setting that will be the first large new-to-the-market supply at the Port of Everett waterfront in this cycle. When those units come online, they’ll reset the comp set for waterfront multifamily in Everett.

    Further south, the adaptive reuse pipeline is active. The Sage Investment Group conversion of the former Econo Lodge at 9602 19th St SE into 124 studio apartments (Phase 1 leasing August 2026) represents the workforce housing angle that Kidder Mathews noted in its investment outlook: value-add and workforce housing offer compelling yield opportunities where class-A development doesn’t pencil.

    The downtown core and the corridors adjacent to the new stadium site are also drawing attention from development capital, though in earlier-stage planning. The city’s approval of the $10.6 million stadium design package in late April sets a September 2026 construction start target for the 5,000-seat Outdoor Event Center — and stadium-adjacent development is a real category of investment thesis that capital is starting to evaluate.

    The Investor’s Lens vs. the Resident’s Lens

    It’s worth being honest about the tension here.

    When apartment investment capital flows into a market like Everett, it’s not always aligned with what existing residents need. Yield-focused buyers have incentives to optimize revenue per unit. Workforce housing conversions can displace existing tenants if not managed carefully. Rising investor interest in a market can precede rent pressure once the supply overhang clears.

    The city’s tools to manage this tension — the Affordable Housing Trust Fund, inclusionary zoning in new developments, the Housing Hope ecosystem, the EHA pipeline — matter precisely because the market is now active enough to require them.

    The $640 million in 2025 transaction volume tells us that capital has made a judgment: Snohomish County is on the right side of the Puget Sound affordability gradient, close enough to Seattle employment to benefit from overspill demand, with enough job diversity to hold occupancy through economic cycles. That judgment drives development, drives transactions, and ultimately drives the housing conditions that Everett residents live inside.

    Understanding how this capital thinks is part of understanding where Everett’s housing goes next.

    Frequently Asked Questions

    How much did apartment sales reach in Snohomish County in 2025?
    Snohomish County apartment sales reached $640 million across 32 deals in 2025, according to a Kidder Mathews analysis, more than doubling transaction volume from 2023 levels.

    What is the average price per apartment unit in Snohomish County?
    Average pricing was approximately $294,557 per unit in the most recent market data, down about 4% year-over-year from 2024 — reflecting pricing adjustments from the 2021-2022 peak.

    What is the apartment vacancy rate in the Snohomish County area?
    Kidder Mathews’ Q4 2025 data showed multifamily vacancy holding at 7.4% year-over-year across the Seattle-Puget Sound region. Everett’s specific figures track roughly with the broader market.

    Why are investors buying apartments in Snohomish County now?
    Flat rents, stable vacancy, and adjusted pricing from the 2021-2022 peak have created entry conditions that yield-focused buyers find workable. The thinning construction pipeline also suggests supply overhang will clear in 2026-2027, giving investors who buy now exposure to the next rent recovery cycle.

    What new apartment projects are coming to Everett?
    Lincoln Properties is underway on 300-plus units at Millwright District (Waterfront Place). Sage Investment Group is converting the former Econo Lodge on 19th St SE into 124 studio apartments with Phase 1 leasing targeting August 2026. Stadium-adjacent development opportunities are also being evaluated as the downtown Outdoor Event Center advances toward a September 2026 construction start.

    How does Everett’s apartment investment market compare to King County?
    Snohomish County typically offers lower per-unit pricing than King County submarkets like Bellevue or Seattle proper, while maintaining access to the same labor market. That affordability gradient is part of what draws yield-focused capital — investors can enter at lower basis points while capturing similar demand dynamics.

  • Downtown Everett’s Bank of America Corner Is Now Vacant — And It’s the First Time in 60 Years

    Downtown Everett’s Bank of America Corner Is Now Vacant — And It’s the First Time in 60 Years

    What happened to the Bank of America in downtown Everett?
    Bank of America closed its branch at 1602 Hewitt Avenue in April 2026, ending more than 60 years at the same corner location. The 62,000-square-foot building — owned by Skotdal Real Estate — is now available for lease for the first time since 1965, with availability starting mid-May 2026.

    Downtown Everett’s Most Iconic Corner Is Open for Business — For the First Time in 60 Years

    If you’ve driven down Hewitt Avenue lately, you’ve noticed something different at the corner of Hewitt and Colby. The Bank of America signs are gone. The drive-through lanes sit empty. And for the first time since 1965, the building at 1602–1604 Hewitt Avenue is looking for a new tenant.

    We’ve been watching this space for a while. The closure was quiet — no press release, no farewell event, no real announcement beyond a letter to longtime customers. One week it was open, the next week the signs came down and the LoopNet listing went up. But what happens next in that building matters for downtown Everett in a way that’s hard to overstate.

    What the Building Actually Is

    The property at 1602–1604 Hewitt Ave is a 62,000-square-foot building on one of the most visible corners in downtown Everett — Hewitt and Colby, at the heart of the Hewitt Avenue commercial corridor. Skotdal Real Estate, the Everett-based commercial property firm that has been one of downtown’s most active investors for decades, owns and is now actively marketing the building.

    The space coming available is approximately 12,000 square feet of the ground floor — the former bank branch and lobby. That footprint includes two things that are genuinely rare in downtown Everett: a three-lane drive-through and 92 covered parking spots. For any retail or service business that depends on vehicle access or parking, those features are nearly impossible to find this close to the core of downtown.

    The space features full-corner frontage with dual street exposure on both Hewitt and Colby, large windows, a sweeping interior staircase, a private elevator, and what Skotdal describes as abundant natural light. It’s a landmark-grade build-out that doesn’t require a tenant to start from scratch.

    Availability is listed as mid-May 2026.

    Why Bank of America Left — and Why It Matters

    Bank of America notified customers in writing beginning in November 2025 that the Hewitt location would close. The official company statement: “The financial center at 1602 Hewitt Avenue was one of the oldest and largest financial centers in our local network, and we have several other locations nearby that are more modern and aligned with how our clients bank today.”

    It’s the same story playing out in downtowns across the country. More than 6,000 commercial bank branches nationally have closed over the past five years as mobile banking erodes the foot-traffic case for urban branches. The lobby at Hewitt and Colby had been shrinking for years — from a full teller line to one or two staff, serving mostly customers who needed cashier’s checks, in-person account services, or one of the few downtown locations where you could cash a check without an account.

    But the closure stings a little more here because of what that corner has meant to Everett.

    The building’s history on that block goes back to 1892, when the First National Bank of Everett opened at or near that address. The current structure dates to 1965 — built for what eventually became Seafirst Bank, which was acquired by Bank of America in 1983 and rebranded in 1999. That means Bank of America, or its direct predecessors, occupied this corner for over 60 consecutive years.

    What Could Come Next

    Skotdal Real Estate has been one of the most consequential forces in downtown Everett’s commercial real estate story. Their portfolio includes marquee buildings along the Hewitt and Colby corridors, and they’ve been central to attracting the office and retail tenants that have given downtown its current momentum.

    The pitch for this space is straightforward: you get a flagship corner in a downtown that is actively transforming. The $10.6 million stadium design package approved by City Council in late April puts a 5,000-seat outdoor event center on track for a September 2026 construction start a few blocks away. The Everett Art Walk returns May 21. New restaurants on Hewitt — including R Harn Thai, which just opened — are drawing people back to the corridor.

    The drive-through and parking are the X factor. Most retail or service concepts that need both would not normally be able to place themselves at Hewitt and Colby. A credit union, a pharmacy, a coffee-and-banking hybrid, a medical or dental clinic with patient parking, a high-volume quick-service restaurant — all of these would normally rule out a downtown corner and look for a suburban pad site instead. Here, the existing infrastructure changes that calculus.

    The bigger-picture question is what this vacancy signals. Downtown Everett has been building momentum for several years, but it has also been honest about the challenges. Earlier this year the city documented a vacancy count along the commercial corridors that showed real gaps. The BofA closure adds to that count in one of the most visible spots possible. The answer to what comes next matters not just for Skotdal and the building’s future tenant — it matters for whether Hewitt Avenue’s commercial rebound stays on track.

    What’s Already in the Neighborhood

    The space doesn’t exist in isolation. Within a short walk:

    • The Everett Art Walk’s gallery circuit runs along this stretch of downtown, including multiple galleries that have opened or expanded in recent years
    • Narrative Coffee, STRGZR Coffee & Kitchen, and The Loft Coffee Bar anchor the coffee-and-remote-work scene on adjacent blocks
    • New restaurant openings on Hewitt (R Harn Thai, Luca Italian, The New Mexicans) have added foot traffic
    • The historic Everett Theatre at 2911 Colby is booking major acts through the summer

    For a retailer or service business evaluating downtown Everett, the current moment is both encouraging and uncertain. The direction is clearly positive — but the pace of infill matters, and a vacant flagship corner is not a neutral signal.

    The Practical Picture

    Nearest Bank of America branches for former customers: Evergreen Way (5019 Evergreen Way), Greentree Plaza (305 SE Everett Mall Way, Suite 31), Silver Lake (1803 112th St SE), and Marysville (415 State Ave). Each is roughly 10–16 minutes by car.

    The Skotdal listing for 1602–1604 Hewitt is active on LoopNet and directly at skotdal.com. The available footprint is described as ground-floor retail or office use, with the drive-through lanes and parking as potential differentiators for the right tenant.

    We’ll be watching. When Skotdal secures a tenant for this space, it will be one of the bigger commercial announcements downtown Everett has seen in years.

    Frequently Asked Questions

    When did Bank of America close its downtown Everett branch?
    Bank of America officially closed its branch at 1602 Hewitt Avenue in Everett in mid-April 2026. Customers were notified in writing beginning in November 2025.

    Who owns the Bank of America building in downtown Everett?
    Skotdal Real Estate, an Everett-based commercial property company, owns the building at 1602–1604 Hewitt Ave and is managing the lease-up of the vacated space.

    How big is the former Bank of America space available for lease?
    Approximately 12,000 square feet of ground-floor space is available, within a larger 62,000-square-foot building. The space includes a 3-lane drive-through and 92 covered parking spots.

    When is the downtown Everett Bank of America space available?
    Skotdal is listing availability as mid-May 2026. The building is actively being marketed on LoopNet and skotdal.com.

    What was at that corner before Bank of America?
    The current building dates to 1965 and was built for Seafirst Bank. Before that, the First National Bank of Everett — established in 1892 — operated at or near that address. Bank of America acquired Seafirst in 1983 and rebranded in 1999.

    What other Bank of America locations serve downtown Everett customers?
    The nearest locations are on Evergreen Way (~10 min), Greentree Plaza SE (~14 min), Silver Lake (~16 min), and Marysville (~14 min).