Lewis County WA, Market Report

 

Lewis County, WA

 Real Estate Market Report

 For week ending 2/20/2011

   There were 19 newly listed single family homes in Lewis County last week, Ranging in price from $85,000 to $395,000.  Five were REO (bank owned-forclosures) Properties and one was a short sale. 

 Three of the newly listed homes were located in the Chehalis School District, seven located in the Centralia School District, two in the  Winlock School District, and one in the Napavine School District the remaining were from surrounding areas and East Lewis County Schools. 

 There were 17 homes that changed their status to “Pending” (under contract with a buyer) in Lewis County Last Week, six of those were REO homes and one was a short sale home. 

 There were five closed residential home sales in Lewis County last week.  They ranged in price from $50,000 to $155,000, with an average sales price at 98% of list price. Three were REO homes. 

 

 Visit my website at www.nwrealestateinfo.com

Lewis County, WA – Real Estate Market Update

Real Estate Market Report

For week ending 2/13/2011

 There were 18 newly listed single family homes in Lewis County last week.  They ranged in price from $59,999 to $499,000.   Two were located in the Chehalis School District, four in the Centralia School District, two in Napavine School District, and 10 from surrounding areas and East Lewis County Schools.  Two were REO (foreclosure) Properties.

There were 13 homes that changed their status to “Pending” (under contract with a buyer) in Lewis County Last Week, six of those were REO homes and one was a short sale

Three homes sold in Lewis County last week.  They ranged in price from $53,000 to $150,000, with an average sales price at 93% of list price.  One was a REO sale.  (click to enlarge sold detail below)

Centralia, WA – MLS Data worthy of tracking

Spreadsheets are my thing.  (click to enlarge)  I keep local stats from Centralia, Chehalis, Napavine and surrounding areas on a spreadsheet I titled “Ratios”  and update them monthly.  My primary goal is to keep myself updated and informed on our local market.  I use this spreadsheet to calculate and log the number of active single family homes, the percentage in Pending status (under contract) and number of closed sales.  I started documenting this data on spreadsheets in 2006.  On February 1st, 2011, Centralia has 185 Active single family listings, 30 homes in Pending status (13.9%) and 10 sales closed during the previous 30 day window. The percentage of pending homes has slowly increased since August of this year.  This is one of several spreadsheets I log data into routinely.  I also keep close track of local REO and Shortsale activity, as those can be an indicator of the overall health of our housing market.  I am always looking for another project.  What data do you find worthy of tracking?   

Lewis County, WA – Real Estate Market Update

Lewis County, WA

Real Estate Market Update

For week ending 2/6/2011

There were 26 newly listed single family homes in Lewis County last week.They ranged in price from $14,500 to $1,250,000.  Two were REO Properties and there where no short sales. Six were located in the Chehalis School District, Seven were located in the Centralia District, two from the  Winlock School District, and 11 from surrounding areas and East Lewis County Schools. 

There were 16 homes that changed their status to “Pending” (under contract with a buyer) in Lewis County Last Week, 11 of those were REO homes and 2 were short sale homes. 

Six homes sold in Lewis County last week.  There were no REO or Short sales.  They ranged in price from $62,000 to $285,000, with an average sales price at 96% of list price. 

Buying or selling?… Call me today, I’d love to help! 

 Visit my website at www.nwrealestateinfo.com

Lewis County REO Update

What’s an REO?  – Real Estate Owned. Property which is in the possession of a lender as a result of foreclosure or forfeiture.

What’s a short sale? – A sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan.

 

 

 

As we enter 2011 I am continuing to collect data on the REO (foreclosure) and shortsale activity in Lewis County. 

 As you can see on my Lewis County data worksheet below, over the past 30 days,  35% of properties sold were REO properties and 9% were short sales.   (click to enlarge) 

 

 

 

 

For sellers having a high percent of bank owned foreclosure properties available to buyers, can add to the already tough challenges of selling in today’s market.   Over the last 30 days sales of REO properties sold at $60/sqft where as non REO owned properties sold at $118/sqft.  That can make a difference of $87000 on the price tag of a 1500 sqft home!   Keeping in mind…a large number of foreclosure properties are in need of repairs making financing difficult and those don’t always attract the same type of buyer.  So many of the available foreclosure homes won’t necessarily compete with the typical seller owned home on the MLS but they are an indicator of overall health of our housing market.

For Buyers, prices along with interest rates remain low.  Work with a real estate agent who can help you submit an offer that will meet standard REO seller guidelines. 

 

Dice image credit to http://www.freedigitalphotos.net/images/view_photog.php

Thurston County March of Dimes March for Babies

 I’m very excited to be a part of the Thurston County March for Babies this year.  I will be walking on the “Bennett Team” in honor of my grandson Bennett Olsen. 

Bennett’s journey to become the amazing little guy he is today, was…. to say the least, fairly eventful.  Starting life 8 weeks early he continues to amaze us every day. You can find our more about Bennett at http://julieandjoelolsen.blogspot.com/ and his early journey at http://julieandjoelolsen.blogspot.com/2008/12/getting-used-to-life-in-nicu.html

Donate to my march at –> http://www.marchforbabies.org/ruthjones   no matter how small, it will be appreciated! 

 

When you walk or donate in March for Babies, you give hope to the more than half a million babies born too soon each year. The money you raise supports programs in your community that help moms have healthy, full-term pregnancies. It funds research to find answers to the problems that threaten our babies and to bring comfort and information to families with a baby in newborn intensive care.

You can help me reach my goal by making a donation to my walk. It’s easy and secure – just click here to make a donation at –> http://www.marchforbabies.org/ruthjones  No matter how small! 

If you would like to advertise on our T-Shirts, send me an email to ruthjones@remax.net

Thank you for helping me give all babies a healthy start!

Thurston County March for Babies

May 7, 2011
1302 North St SE
Olympia, WA 98501

Walk Distance: 5 miles
Registration Time: 7:30 AM
Start Time: 8:30 AM
Chapter: South Sound Division
Phone: (253) 752-9255