Here is the North Lacey / Hawks Prairie WA real estate update for June 2015.
Why live in the North Lacey / Hawks Prairie WA area?
Hawks Prairie is aptly named as hawks, eagles, woodland birds, and wetland birds make this area their home. You can see bald eagles soaring through the skies above neighborhoods in Hawks Prairie. The Nisqually National Wildlife Refuge is nearby, which is a rich home for the birds and other wildlife.
North Lacey is a fast-developing part of the county, with lots of residential and commercial new construction, the completion of Cabela's, and other major retailers coming soon.
This area is preferred for northward I-5 commuters as one of the northern-most I-5 Exit 111 in Thurston County is easily accessed here. This area is approximately 20-30 minutes from JBLM (Joint-Base Lewis McChord).
North Lacey offers lots to do with several golf courses (one interspersed between Jubilee, a high-end 55+ community), Tolmie State Park, and the newer Regional Athletic Complex with soccer and baseball fields.
Schools: Most residents are in the North Thurston School District.
Types of Homes: North Lacey offers lots of new construction, waterfront and golf properties, and mid-century homes. Neighborhoods include Beachcrest, Johnson Point, Meridian Campus and Nisqually. Search homes for sale in North Lacey / Hawks Prairie.
North Lacey / Hawks Prairie real estate market snapshot
Sales Prices continue to rise steadily in the Hawks Prairie / Lacey area. Even in the down times of the market, this area out-performed the rest of Thurston County.
With 3 months of inventory, Hawks Prairie continues to sit 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 has remained steady, but still 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.)
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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 (firstname.lastname@example.org) 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.
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!