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Summit Lake / Steamboat Island WA real estate market update April 2014
Here is the Summit Lake / Steamboat Island WA (Northwest Thurston County) current real estate market update as of April 2014 (area 441 on the map below). 
Northwest Thurston County not only features the major areas of Summit Lake and Steamboat Island but also Carlyon Beach, Gravelly Beach, Hunter Point, Madrona Beach, and Oyster Bay.  Some of the residents in this area enjoy water views, lake and inlet front properties, horse properties, private lots yet have good freeway access to Olympia.  The school district is Griffin School District. 
 

 

 
MARKET SNAPSHOT:
 
Northwest Thurston County's average home sales prices have fluctuated downward but have stabilized over the last couple of years.  Because of the wide range of housing options available in this area (homes inland to mansions on the waterfront), the average sales prices will vary.  
The number of homes sold is stable, and is good to see.  Buyers are coming back and sellers are pricing appropriately, according to the market.
The absorption rate is continuing to improve, which is always a good trend.  Thurston County is seeing more areas that are balanced and moving towards a seller's market.  Northwest Thurston County has seen tremendous recovery over the last two years.  Three years ago, this area's absorption rate was 22 months.  
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