Here is the Boston Harbor WA real estate market update for June 2015.
Why live in Boston Harbor?
Boston Harbor is a desirable area of Thurston County and offers residents lots of waterfront activities including Priest Point Park and Boston Harbor Marina as well as a direct route to downtown Olympia.
Other downtown waterfront activities include the Hands On Children's Museum, Swantown Marina, the Farmer's Market and more, which are just a walk or a bike ride away for many residents in the southern part of Boston Harbor.
Schools: Most residents are in the Olympia School District and the North Thurston School District.
Types of Homes: Boston Harbor has a mix of waterfront homes and condos, mid-century and vintage homes. Search Boston Harbor homes for sale. Neighborhoods include Fishtrap, Gull Harbor, the Henderson Inlet and South Bay.
Boston Harbor Real Estate Market Snapshot
Sales Prices have remained steady in the Boston Harbor area. Boston Harbor features many different types of properties at a wide range of sales prices, so the statistics presented are to be used with some caution.
With 3 months of inventory, Boston Harbor sits comfortably in a sellers' market. (A sellers' market is 0-3 months of inventory.) Low inventory and active buyers are creating this sellers' market.
The number of homes listing for sale is slowly declining, giving sellers less competition. But sellers still need to continue to price their homes right. (Overpriced listings will still sit on the market, untouched by buyers, no matter the market.)
What does all this mean?
Buyers are still enjoying historically low interest rates, even when it was predicted interest rates were going to rise by the end of 2014. That prediction didn't materialize, and buyers still have time to lock in to a great rate. Current rates are at about 4% with VA and FHA buyers enjoying even lower rates.
Sellers who have been waiting to sell, can now be confident they CAN sell and in some cases, see a profit.
Sellers who purchased in 2005-2009 (the height of sales prices) are still waiting to see gains on average. The market has not yet recovered fully to recoup the fall of the market during those years. (To emphasize, these are county-wide averages.)
Curious to know what your Boston Harbor home is worth? Click here to learn more.
Find homes for sale in Boston Harbor, WA.
Visit my website to search Boston Harbor, WA homes for sale, or sign up and get notified when homes that meet your criteria come up on the market. Be the first to know of a new listing! Also click here to learn what NOT to do when buying a Boston Harbor, WA home.
If you’d like to learn more about how your home fits into this market and would like a personalized home evaluation, feel free to email me (francine.viola@cbolympia.com) or call me today at (360) 359-0689. With no obligation, I can give you straight-forward, fact-based information so you can decide if the time is right to make your next real estate move.
Click here to see the market updates for West Olympia, WA.
Click here to see the market updates for North Olympia, WA.
Click here to see the market updates for South Olympia, WA.
Click here to see the market updates for East Olympia, WA.
Click here to see the market updates for other areas of Thurston County.
Local statistics compiled by Francine Viola from NWMLS data. Statistics not compiled or published by NWMLS (Northwest Multiple Listing Service).
Originally posted and written by Francine Viola at her blog site: www.InTuneRealEstate.com, where you can learn more about the real estate market in Thurston County and get tips and advice for a smooth real estate transaction!
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