real estate market: Pierce County Residential Real Estate Market Statistics 2012
- 01/28/13 09:15 AM
The Pierce County Real Estate Market is on the Way to Recovery In 2012, prices for sold residential units began showing improvents in August over the same time the previous year. Median sale prices ended the year stable in the $200K range.
2012 the year to date median sale price for residental real estate in Pierce County listed slightly higher than the previous year, but remained just below 2004 levels.
While this is not a big stride, it is a clear improvement and shows that the market is stabilizing. For buyers who are waiting for the market to hit bottom, it's … (2 comments)
real estate market: Washington State Economic Outlook
- 06/04/10 02:11 PM
I recently had the opportunity to attend the Thurston County Housing Summit at Saint Martin's University and listened to experts from the Washington State Economic and Revenue Forecast Council, as well as New Home Trends researchers and building professionals talk about the state of our local economy.
Here is a brief recap of housing related data: Of the roughly 200,000 jobs that were lost in Washington State since 2007, 1/3 of those were jobs lost in the construction industry. Nationally the inventory of new homes is the lowest it has been since 1971 Historically, existing home sales, compared to … (2 comments)
real estate market: Gauging the Real Estate Market
- 11/12/08 10:58 AM
Have you heard the saying "A man with three watches never knows what time it is"? This applies to gauging the real estate market. Consumers, adept at finding property data on the Internet have experienced that data from Zillow.com is different from Trulia.com, and a home's tax assessment is a whole other story. Turning to the news isn't very helpful either, as you often hear conflicting reports depending on the media spin. Real estate is extremely local and detailed. For example, "Home sales in Thurston county are down" is not the same as "Home values in Thurston county are down". This isn't just a nuance; … (4 comments)
real estate market: 2007 Thurston County Real Estate Market Statistics
- 02/11/08 09:44 AM
The median home sale value in Thurston County has had its ups and downs during the course of 2007. Overall, the median home sale price has gone up by 2.7% from January 2007 to January 2008. This is good news in light of the drop in home values elsewhere in the state and in other national markets. The average time a home stays on the market before it's sold is currently 101 days (January 2008). For more localized market information, or to find out the value of your home, contact me anytime. Sandy NelsonRealtor for Olympia area real estate (360)789-7505 www.sandynelsonrealestate.com
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real estate market: Thurston County Home Values Appreciation
- 12/20/07 12:35 PM
According the NWMLS statistics data, the median sales value of homes in Thurston county have appreciated on average approximately 9% annually in the past 7 years. Even though appreciation rates dropped by about 50% compared to last year, an appreciation rate of 5% (as of Nov 07) is still a healthy growth, especially considering that some counties have median home prices which have dropped compared to 2006.
However, fewer homes have sold this year, compared to last year: 3708 as of November 2007 compared to 4363 as of November 2006. the average time a home spends on the market has increased from 60 days … (4 comments)
real estate market: Taking Inventory
- 11/10/07 12:00 PM
Our MLS furnishes informative housing market statistics that reveal, among other things, the average sales price of homes, the average amount of time listings stay on the market and the sales price versus list price ratios. All are very important statistics to know, but another important statistic to keep handy is the amount of housing inventory versus current demand. This is a good indicator whether it's a buyer's market or a seller's market. This is the formula I use to calculate inventory versus demand: 1. Perform an MLS search for all current active residential listings in your county, and record the number. 2. Perform an MLS search for … (9 comments)
real estate market: Thurston County Market News
- 07/26/07 01:17 PM
Home sellers sigh about having to lower their sales prices. Current local home inventory is 35% up from last year and the number of buyers has dramatically diminished due to the shake-up of the sub-prime lending market. The average number of days a home is on the market is currently at 85 days YTD, compared to an average of 66 days in 2006. Sounds too depressing? How does this sound? Closed home sale prices are up over 6% from last year. There are currently 97 single family homes for under $200,000 on the market in Thurston county (excludes manufactured homes). Big outfits, such as Great Wolf Lodge and … (4 comments)
real estate market: Good Economic News
- 07/23/07 05:06 AM
It's not just the rain that makes things flourish here. Forbes Magazine recently ranked Washington as having one of the best business climates in the country. The state has gone from a budget deficit just a few years ago to a $1.2 billion in reserves. According to a news article in "The Olympian" newspaper, welfare rolls at 1.8% are the lowest the state has experienced in 40 years. Unemployment is at 4.6%, which is one of the lowest unemployment rates in 30 years. These positive economic indicators are good news for investors, local businesses and the people of Washington.
Sandy NelsonRealtor for Olympia Area Real Estatewww.sandynelsonrealestate.com
The Pierce County Real Estate Market is on the Way to Recovery
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