Wow! My how the statistics are changing. A few months ago I checked the market to see which areas in Thurston County were leading the market in numbers of Short Sales and REO sold properties and at that time Yelm was leading the market.
Since January 2009 to the end of September there were a total of 116 REO properties and 57 short sale properties sold in Thurston County. Currently Olympia, WA holds 43% of the REO properties being sold and 40% of the short sales sold to 09/30.
There are currently 1676 single family residential properties available for sale in Thurston County. As of today, we only have 6 1/2 months inventory available for sale. It is considered a buyer's market at 7+ months and a seller's market at 1 - 5 months of inventory. Right now we are balanced. However, I anticipate a swing slightly towards buyer's market before we have a seller's market again.
Numbers at a glance for Thurston County in the month of September 2009:
231 Single-family residential properties sold
15 Short sales sold
21 REO solds
16% of the solds were either Short sales or REO properties
$268,074 was the average price for the single-family residential properties sold
4.11% average price increase from same time last year
$240,222 was the median home price
.7% median price decrease from same time last year
September last year, 2008 in Thurston County:
$257,049 Average sales price
$241,950 Median sales price
This is still a good market to either buy or sell real estate. Jump in! The water's fine.
Kimberley Bauman
(360) 481-3614
kim.realtor@comcast.net
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