It is that time of the Week, as the Managing Broker of our two Offices, that I take on the exciting task of providing a summary of our market activity. (Yawn). I know, not the most popular information to share with the AR community, but there are some out there who are curious of what is going in a various markets. Our current market appears to be similiar to what others are experiencing. The following is the Mason County, State of Washington Active Listing Report for October 2008.
The Mason County Active Listing Report for the month of October 2008 reveals that the Average Price was the nearly the same as October 2007. The 2008 October average Active List Price for the entire county was $315,297 while in October 2007 it was $315,737.
Similar results for the Active Listings Median Price, in October 2008 it was $249,000 and October 2007 it was $249,900. The biggest spread was in the Average time on Market. In October 2008 a residential property was on market an average of 143 days and in the same month of 2007 it 115 days.
New Listings took a dip in October 2008 with a total new listing count of 131 compared to 155 new listings in October 2007. The Total Active Listings for the month of October 2008 was 828 compared to 842 of the same period last year.
Year to date numbers follow a similar path as the October postings. In 2007 the Year to Date total active residential listings numbered 1,944 and Year to Date 2008 totals were 1,768 active residential listings.
The Pending Sales Report for Residential resale's is a sign of current market conditions. Pending Sales for October 2008 was 40 compared to 67 in October 2007. Year to Date Pending Sales for 2008 was 690 while in 2007 it was 890.
The Closed Sales report also illustrates a sluggish turn in our local market. In October 2008 the county recorded 50 residential sales compared to the 87 sales during same month of 2007. Year to Date residential units sold for 2008 - 584. Year to Date 2007 - 802.
The Average Sale Price for residential homes is also a bit lower in the month of October 2008 at $223,049. While in 2007 of the same month it was $258,985. Year to Date average sold price for 2008 was $224,785, for 2007 it was $246,688.
Median sold prices: October 2008 - $191,500, October 2007 - $200,000. Year to Date Median sold: 2008 - $193,000, 2007 - $207,000
If you have read this far, I thank you. If you respond, a super thank you.
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