Waterfront Mason County Real Estate, Shelton Waterfront Real Estate, Waterfront Mason County Real Estate

My New Blog

Market Report for June 2011

June 22nd, 2011 4:18 PM

Market Report for 5/01/2011 - 5/30\/2011

HUD, Bank owned and short sales continue to be a major factor in our housing market and interest rates continue to be a mixed bag. Today the rates have gone down again. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 16-1, with 957 active residential properties to 59 pending sales. Worse than last month. A good ratio is 5-1. Pricing in the market continues to slide and may not correct until the inventory of bank owned and short sale homes is reduced, and this is going to take a while.

The interest rate makes a big difference in your Purchasing Power. For example, as interest rates change, with a monthly payment of $1200, you can purchase as follows:

4.50%
$236,833.39(6/22/11)

5.00% $223,537.94

6.00% $200,149.94

7.00% $180,369.08

8.00% $163,540.19

9.00% $149,138.24

10.00% $136,740.98

11.00% $126,007.62

12.00% $116,661.10

Counties (Grays Harbor, Island, Jefferson, King, Kitsap, Lewis, Mason, Pierce, San Juan, Skagit, Snohomish, Thurston, Whatcom) in western WA

Residential sales: 4 % decrease 2011
3956

Bank owned: 28 %
1088

Short Sales: 9 %
374

(2010 Bank own 14% 556) 2010
4108

2009
3311

2008
3778

2007
6426

2006
7390

Market Report for each county: 3/01/2011 - 3/31/2011

Grays Harbor: 16% decrease
2011
58

Bank Owned: 36% of sales

21

Short Sales: 3% of sales
2

(2010 bank owned: 29%; 20)
2010

69

2009

60

2008

67

2007

100

Island County: 7% increase
2011
77

Bank Owned: 23% of sales

20

Short sales: 8% of sales
6

(2010 bank owned: 21%; 15)
2010

72

2009

75

2008

75

2007

104

JeffersonCounty: 41% decrease
2011
16

Bank Owned: 13% of sales

2

Short sales: 6% of sales
1

(2010 bank owned: 25%; 3)
2010

27

2009

12

2008

22

2007

35

King county: 7% decrease
2011
1593

Bank Owned: 22% of sales

348

Short Sales: 9% of sales
146

(2010 bank owned: 11%; 193)
2010

1719

2009

1276

2008

1495

2007

2507

Kitsap County: 18% decrease
2011
198

Bank Owned: 24% of sales

47

Short sales: 11% of sales
22

(2010 bank owned: 10%; 24)
2010

242

2009
189

2008

205

2007

329

Lewis Conty: 51% increase
2011
59

Bank Owned: 42% of sales

25

Short Sales: 5% of sales
3

(2010 bank owned: 27%; 13)
2010

39

2009

41

2008

36

2007

84

Mason county: 14% decrease 2011
50

Bank Owned: 28% of sales
14

Short Sales: 8% of sales
4

(2010 bank owned: 24%; 14) 2010
58

2009
55

2008
71

2007
87

Pierce County: 9% increase 2011
734

Bank Owned: 40% of sales
294

Short Sales: 9% of sales
66

(2010 bank owned: 22%; 148) 2010
671

2009
595

2008
672

2007
1133

San Juan county: 100% increase 2011
10

Bank Owned: 10% of sales
1

Short Sales: 10% of sales
1

(2010 bank owned: 20%; 1) 2010
5

2009
4

2008
9

2007
25

Skagit County: 6% decrease 2011
94

Bank Owned: 37% of sales
35

Short Sales: 5% of sales
5

(2010 bank owned: 16%; 18) 2010
100

2009
70

2008
122

2007
184

Snohomish County: 3% decrease 2011
659

Bank Owned: 31% of sales
207

Short Sales: 13% of sales
87

(2010 bank owned: 17%; 116) 2010
677

2009
538

2008
559

2007
1090

Thurston County: 5% increase 2011
250

Bank Owned: 21% of sales
53

Short Sales: 9% of sales
22

(2010 bank owned: 11%; 27) 2010
239

2009
216

2008
266

2007
399

Whatcom County: 16% decrease 2011
159

Bank Owned: 13% of sales
21

Short Sales: 5% of sales
8

(2010 bank owned: 7%; 14) 2010
190

2009
152

2008
180

2007
279

For Mason County

Residential Sales    13% decrease 2011
50

Bank Owned sales        28% of sales
14

Short Sales     8% of sales
4

2010
58

2009
55

2008
71

2007
87

2006
119

Vacant land sales     6% decrease 2011
15

2010
16

2009
7

2008
26

2007
51

2006
77

Maufactured Homes in parks 2011
1

2010
1

2009
1

2008
2

2007
2

Multi-Family 2011
0

2010
0

2009
0

2008
0

2007
0

Business Opportunities & Commercial 2011
1

2010
2

2009
1

2008
1

2007
0

*Information collected from the NWMLS system. Rules do not allow brokers to send out information in a broadcast form. If you want actual information on property please send a request to John and the information will be sent to you.

For a "Quick and Easy" search program for properties in Mason County -- Go here.

Posted by John Borgert on June 22nd, 2011 4:18 PMPost a Comment (0)

Subscribe to this blog