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market statistics: Olympia Area Pending Home Sales are Heating Up! - 08/06/12 11:23 AM
The August weather in the Olympia area has been downright HOT the last few days - and the pending home sales are heating up as well. Just looking at the daily "hot sheets" of market changes on our NWMLS has had that fact on the periphery of my mind, since I'm seeing homes that I've recently shown go pending more and more frequently lately. So I decided to really take a look at the statistics to see if my impressions were accurate. Looking at just single family homes in the Olympia/Lacey/Tumwater area (that is, excluding condos and manufactured homes), and including (0 comments)
market statistics: How Are Buyers Financing Their Olympia Area Home Purchases?? - 10/10/11 03:58 PM
How are buyers financing their home purchases in the Olympia, WA area? Well, I was curious too, so I took a look at the data on the sales from September 2011 to see what is happening most recently. And found a few surprises: I was not expecting to see conventional loans quite such a large proportion of the solds for September but they were the largest group of all at 101 homes sold with that type of financing. VA loans were the next largest group at 73 sold homes that used that type of financing. Not really a surprise there as (0 comments)
market statistics: How's The Real Estate Market in the Olympia Area This Week? - 09/19/11 04:20 PM
How's the real estate market in the Olympia area this week? Probably the most frequent question I get asked by anyone who knows or discovers that I am a real estate broker - whether or not they are currently trying to buy or sell a house. It is just one of those things that almost everyone finds intriguing. Is the market improving? What is selling anyway - is anything selling? Well, in the week ending September 18, 2011, the simple answer is yes, homes are selling. In fact there were 44 new pending sales in that time period (this look at (0 comments)
market statistics: How Long Does It Take To Sell A Home In The Olympia Area?? - 09/14/11 01:38 PM
How long does it take to sell a home in the Olympia area?? Of course the answer to that question can only be - It depends...It depends if the house is priced right from the start; it depends where it is located; it depends what the condition of the home is; it depends if it is easy to show.... It depends on a lot of factors like those. But to look at some averages is still useful. So I searched for homes sold within the last 30 days in the greater Olympia, WA area and excluded short sales (they would have (2 comments)
market statistics: New Pending Sales For Olympia,WA Area Homes For Week Ending 9/3/11 - 09/05/11 12:41 PM
In the greater Olympia, WA area last week, there were 45 new pending sales for single family homes. Let's take a look at how they break down by asking price. The actual agreed upon sales price won't be known until the sale closes. List price under $200,000: 11 List price $200,001-300,000: 23 List price $300,001-400,000: 9 List price over $400,000: 2 The lowest asking price for these new pending sales was $146,100 and the highest was $429,000. The median list price was $255,000. These pending sales figures show clearly that most of our current market activity is happening in the lower (1 comments)
market statistics: Actual GOOD News for Olympia, WA Area Sellers - 07/11/11 07:04 PM
In the midst of all the gloom and doom you may hear about the real estate market, there is some pretty good news for home sellers in the Olympia, WA area! Out of curiosity today, I took a look at how many of the home sales in the last 90 days in the Olympia/Lacey/Tumwater area had taken place after 30 days or less of market time - and I have to admit, I was surprised to find there were a bunch! To be more specific than "a bunch" - there were 155 closings where the home had only been on the (2 comments)
market statistics: Of Short Sales, Bank Owned - and Just Plain Ordinary Homes for Sale - 06/14/11 07:38 PM
As in many parts of the country, here in the Olympia WA area we real estate agents get kind of excited when we find a great house for a buyer and it is NOT a short sale, NOT bank owned - just an ordinary home for sale!! So periodically (like today) I take a look at the MLS market statistics to see how the different categories are looking as far as time on the market before selling and median sales price when they do. What I found is exactly what I expected as far as the pattern, though I wouldn't have (2 comments)
market statistics: Statistics - A Clever Way to Make Things Clear as Mud?? - 02/11/11 04:40 PM
Statistics can be very useful things - they can provide meaningful information. But.....they can also make things pretty much clear as mud. For instance: it can be interesting and helpful to know how close homes' sales prices are to the asking price. Sellers want to know how much they may have to negotiate off their asking price to get a sale. Buyers want to know how much under the asking price could they reasonably expect to get the seller to agree to sell. Agents want to brag about how close to full price they get on their listings. OK - now (6 comments)
Should I offer the assessed value amount for this Olympia, WA area home? Buyers often ask me this question, and almost always the answer is no. There are a couple of reasons why I say that. One is a timing issue. Thurston County Assessor's office calculates an assessed value for each home in the county as of January 1st each year. This value will be the basis for the property taxes to be collected the following year. The Assessor's office looks at sales in the 3-6 months prior to when the assessment is made - so the assessed value is as (2 comments)
market statistics: Red Flags & Danger Signs - Or Maybe - Just Maybe - an Opportunity?? - 06/14/10 12:05 AM
I showed a house this weekend that had my buyers & I very curious before we even got there to see it. In looking at the listing's history, I could see that it has been on the market over a year. It's at a price point and in a neighborhood where that is NOT normal. It has had 5 price reductions over that time, and been under contract and then back on the market twice. You know the question that was in our minds - What is WRONG with this house?? Well, now that we have seen it, we are thinking (6 comments)
Quite a few of the trees and shrubs are cooperating by starting to sprout little baby leaflets, some bulbs are starting to peek out of the ground, and some perennials are poking their plant heads up to check the weather.
The amount of unseasonably warm weather we have had this February has plants a little (3 comments)
market statistics: Olympia area listing inventory - smaller than you think! - 05/05/09 01:18 PM
I like taking a periodic look at the MLS numbers for the Olympia/Lacey/Tumwater area to check out the accuracy of my gut impressions of what is happening in our real estate market. Lately I have been working with several buyers who are finding not such a large supply of available homes as the media might make you think is out there. If I search in the 3 city area for active residential listings, and exclude manufactured homes, fixers, & presales (these buyers are all wanting something they can move into in the next 30-60 days) the total number of all prices (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.