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Market Report for March 2011

April 20th, 2011 2:19 PM

Market Report for 3/01/2011 - 3/31/2011

Interest rates continue to be a mixed bag, and worth keeping an eye on. Today they are have gone up a smidgen. Remember, each 1% raise in interest reduces your purchasing power by approximately 10%. The active to pending ratio is 10 - 1, with 785 active to 78 pending sales. A touch better than last month. Remember, a good ratio is 5-1. The all county report shows an 8% decrease in overall sales this last month. We've moved things around a bit on the market report this month, and are starting with the general report for most western WA counties, and ending with the details for Mason County.

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:

4.91%
$225,846.34 (4/18/11)

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: 8 % decrease 2011
3728

Bank owned: 31 %
1143

Short Sales: 9 %
346

(2010 Bank own 20% 818) 2010 4073

2009
2632

2008
3812

2007
5986

2006
6776

Market Report for other counties: 3/01/2011 - 3/31/2011

Grays Harbor: 7% decrease
2011
56

Bank Owned: 29% of sales

16

Short Sales: 7% of sales
4

(2010 bank owned: 28%; 17)
2010

60

2009

41

2008

67

2007

84

Island County: 15% decrease
2011
55

Bank Owned: 36% of sales

20

Short sales: 7% of sales
4

(2010 bank owned: 32%; 21)
2010

65

2009

69

2008

71

2007

109

JeffersonCounty: 17% decrease
2011
20

Bank Owned: 15% of sales

4

Short sales: 5% of sales
1

(2010 bank owned: 20%; 5)
2010

24

2009

20

2008

23

2007

24

King county: 7% decrease
2011
1535

Bank Owned: 22% of sales

364

Short Sales: 10% of sales
159

(2010 bank owned: 14%; 238)
2010

1644

2009

925

2008

1402

2007

2305

Kitsap County: 27% decrease
2011
199

Bank Owned: 30% of sales

60

Short sales: 7% of sales
14

(2010 bank owned: 15%; 37)
2010

241

2009
187

2008

201

2007

336

Lewis Conty: 3% decrease
2011
59

Bank Owned: 46% of sales

27

Short Sales: 3% of sales
2

(2010 bank owned: 23%; 14)
2010

61

2009

33

2008

58

2007

82

Mason county: 5% decrease 2011
37

Bank Owned: 38% of sales
14

Short Sales: 0% of sales
0

(2010 bank owned: 31%; 12) 2010
39

2009
31

2008
49

2007
96

Pierce County: 1% decrease 2011
715

Bank Owned: 30% of sales
295

Short Sales: 10% of sales
67

(2010 bank owned: 30%; 214) 2010
723

2009
549

2008
686

2007
1113

San Juan county: 23% decrease 2011
10

Bank Owned: 30% of sales
3

Short Sales: 10% of sales
1

(2010 bank owned: 15%; 2) 2010
13

2009
4

2008
9

2007
10

Skagit County: 1% decrease 2011
80

Bank Owned: 35% of sales
28

Short Sales: 9% of sales
7

(2010 bank owned: 27%; 22) 2010
81

2009
66

2008
101

2007
174

Snohomish County: 8% decrease 2011
615

Bank Owned: 38% of sales
233

Short Sales: 10% of sales
59

(2010 bank owned: 24%; 157) 2010
665

2009
380

2008
595

2007
1069

Thurston County: 25% decrease 2011
204

Bank Owned: 31% of sales
63

Short Sales: 6% of sales
12

(2010 bank owned: 19%; 53) 2010
272

2009
199

2008
285

2007
362

Whatcom County: 22% decrease 2011
143

Bank Owned: 16% of sales
16

Short Sales: 16% of sales
16

(2010 bank owned: 14%; 26) 2010
184

2009
130

2008
177

2007
226

Mason County

Total Sales all categories 2011
51

                                                          2010
55

2009
42

2008
63

2007
149

2006
180

Residential Sales    38% decrease 2011
37

Bank Owned sales        38% of sales
14

Short Sales     0% of sales
0

2010
39

2009
31

2008
49

2007
96

2006
104

Vacant land sales 2011
11

2010
15

2009
8

2008
14

2007
46

2006
73

Maufactured Homes in parks 2011
2

2010
0

2009
2

2008
0

2007
1

Multi-Family 2011
1

2010
0

2009
0

2008
0

2007
1

Business Opportunities & Commercial 2011
0

2010
1

2009
1

2008
0

2007
5

Market Report for year to date: 01/01/2011 - 3/31/2011

Total Sales for all categories 2011
138

2010
170

2009
93

2008
172

2007
324

2006
470

Residential Sales 2011
103

2010
128

2009
62

2008
128

2007
194

2006
241

Vacant Land Sales 2011
25

2010
37

2009
26

2008
38

2007
114

2006
219

Manufactured Homes (in parks) 2011
2

2010
0

2009
3

2008
2

2007
2

Multi-Family 2011
2

2010
0

2009
3

2008
1

2007
5

Business Opportunities & Commercial 2011
1

2010
5

2009
2

2008
3

2007
9

*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 April 20th, 2011 2:19 PMPost a Comment (0)

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