Market Report 7/1//2010 - 7/31/2010 Mason County Real Estate
NOTE: We apologize for the lateness of this report. Maybe it's because July was not a good month for the real estate market, and we didn't want to have the proof. Sure enough, all but one of our NW counties had a decrease in sales over this time last year. It's still a good time to buy, as interest rates are low, (4.42%) and there is a lot of inventory to choose from.
Total Sales for all categories
66
20 % decrease
2009
76
2008
78
2007
146
224
Residential Sales
45
Bank owned homes: 18 % of sales
8
56
64
98
137
Vacant Land Sales
17
12
43
84
Manufactured Homes (parks)
1
3
2
Multi Family
0
Business Opportunity&Commercial
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (8/24/10) for Mason County is 1024 Active Listings to 48 Pending Sales. Ratio is 21 to 1. the market is not good.
Market Report Mason County for year to date: 01/01 to 7/31/2010.
2010
394
363
523
912
2006
1309
294
68
272
388
522
714
88
79
120
319
560
9
5
6
Business Opportunities & Commercial
15
Note comparison with previous years.
Grays Harbor: 6 % decrease
51
Bank Owned: 27 % of sales
14
54
80
119
73
83
122
Jefferson: 25 % increase
25
Bank Owned: 8 % of sales
20
32
48
King: 21% decrease
1303
Bank Owned: 12 % of sales
161
1654
1470
2462
Kitsap: 29 % decrease
181
Bank Owned: 17 % of sales
30
256
223
329
Lewis: 50 % decrease
33
Bank Owned: 21 % of sales
7
50
82
Mason: 20 % decrease
Bank Owned: 18 % of sales
Pierce: 32 % decrease
553
Bank Owned: 22 % of sales
124
819
672
1017
16
18
Skagit: 28 % decrease
110
107
162
Snohomish: 22 % decrease
94
669
516
985
Thurston: 18 % decrease
219
Bank Owned: 13 % of sales
28
267
279
391
216
10
228
292
3235
509
4282
4015
6072
2901
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Interest Rates Down Through the Years (we are continuing to present this info due to lots of interest in it).
[Information from Freddie Mac]
Interest rates are really low right now, and this makes a big difference in your mortgage payments. Note, Interest have gone down again! Interest rates have not always been so low. Let’s look back at the month of November down through the years: (By the way, the highest interest rate back in October of 1981 was at 18.45 %. The lowest was in June of 2003 at 5.23 %.) Current rate is 4.42% as of 8/24/2010.
1971
7.55
1972
7.43
1973
8.58
1974
9.79
1975
9.15
1976
8.81
1977
8.92
1978
10.11
1979
12.83
1980
14.21
1981
17.82
1982
13.82
1983
13.44
1984
13.64
1985
11.78
1986
9.70
1987
10.65
1988
10.27
1989
9.77
1990
10.01
1991
8.71
1992
8.31
1993
7.16
1994
9.17
1995
7.38
1996
7.62
1997
7.21
1998
6.87
1999
7.74
2000
7.75
2001
6.66
2002
6.07
2003
5.93
2004
5.73
2005
6.33
6.24
6.21
2008 October
6.20
5.04
Purchasing power of a $1200.00 per month payment (principal and interest only does not include PMI, taxes or insurance) based on different interest rates. Mortgage rates are very low right now! Current rate is 4.42% as of 8/24/2010.
Purchase price Interest Rate Monthly payment
$239,000.00 4.42% $1200.00
$235,000.00 4.57% $1200.00
$229,200.00 4.78% $1200.00
$221,600.00 5.08% $1200.00
$220,000.00 5.15% $1200.00
$218,300.00 5.22% $1200.00
$216,000 5.29% $1200.00
$213,300.00 5.42% $1200.00
$200,149.94 6% $1200.00
$194,894.67 6.25% $1200.00
$189,852.98 6.5% $1200.00
$180,369.80 7% $1200.00
$163,540.19 8% $1200.00
$149,138.24 9% $1200.00
$136,740.98 10% $1200.00
$126,007.62 11% $1200.00
$116,661.10 12% $1200.00
Note:
Why it matters: You could buy a $78,000 house at $1200 per month with an 18.45% interest rate. You could buy a $239,000 house with $1200 per month with a 4.42% interest rate. (08/24/2010)
Market Report 6/1//2010 - 6/30/2010 Mason County Real Estate
NOTE: It is a good time to buy with the interest rate at 4.57 (7/14/2010). You could buy a $235,000 house and payments would be $1200 a month. The active to pending ratio has slipped to 18-1 today, which shows another slowing of the market. Nevertheless most of our Counties are still showing an increase in sales over last year at this time.
74
17% increase
72
215
Bank owned homes: 20%of sales
11
97
117
19
62
93
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio 7/14/10) for Mason County is 903 Active Listings to 52 Pending Sales. Ratio is 18 to 1.
Market Report Mason County for year to date: 01/01 to 6/30/2010.
392
287
440
766
1085
297
320
454
577
86
276
476
13
Grays Harbor: 14% increase
Bank Owned: 31 % of sales
104
96
116
Jefferson: 4% increase
Bank Owned: 4% of sales
24
40
King: 13% increase
1884
Bank Owned: 10% of sales
180
1673
1526
2697
Kitsap: 2% increase
Bank Owned: 15% of sales
39
261
221
322
Lewis: 7% increase
Bank Owned: 31% of sales
60
46
Mason: 17% increase
Bank Owned: 20% of sales
Pierce: 16% increase
872
Bank Owned: 21% of sales
184
753
744
1133
4
23
Skagit: 36% increase
Bank Owned: 14% of sales
187
Snohomish: 22% increase
748
Bank Owned: 16% of sales
615
570
1114
Thurston: 1% increase
286
Bank Owned: 12% of sales
285
396
176
220
194
311
4657
658
4170
4114
6628
8247
Looking for something or somewhere in Mason County? go here for our links to the community.
Interest rates are really low right now, and this makes a big difference in your mortgage payments. Note, Interest have gone down again! Interest rates have not always been so low. Let’s look back at the month of November down through the years: (By the way, the highest interest rate back in October of 1981 was at 18.45 %. The lowest was in June of 2003 at 5.23 %.) Current rate is 4.57% as of 7/14/2010.
Purchasing power of a $1200.00 per month payment (principal and interest only does not include PMI, taxes or insurance) based on different interest rates. Mortgage rates are very low right now! Current rate is 4.57% as of 7/14/2010.
Why it matters: You could buy a $78,000 house at $1200 per month with an 18.45% interest rate. You could buy a $229,200 house with $1200 per month with a 4.78% interest rate. (04/09/2009)
Market Report 5/1//2010 - 5/31/2010 Mason County Real Estate
NOTE: The active to pending ratio is 17-1 today, which shows a slowing of the market. Nevertheless most of our Counties are showing an increase in sales over last year at this time. A slowing of the market would be due to the tax credit being discontinued. Bank owned properties are still on the market and will have an impact on the market for the next couple of years. It is still a good time to buy with the interest rate at 4.72 (6/14/2010).
77
8% increase
100
140
206
58
Bank owned homes: 24%of sales
55
71
87
26
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio 6/14/10) for Mason County is 879 Active Listings to 52 Pending Sales. Ratio is 17 to 1.
Market Report Mason County for year to date: 01/01 to 5/31/2010.
315
359
604
870
242
168
61
264
460
65
214
383
Grays Harbor: 15% increase
69
Bank Owned: 29 % of sales
67
75
Jefferson: 125% increase
27
Bank Owned: 25% of sales
22
35
King: 35% increase
1719
Bank Owned: 8% of sales
1276
1495
2507
Kitsap: 28% increase
189
205
Lewis: 5% decrease
Bank Owned: 23% of sales
41
36
Mason: 5% increase
Bank Owned: 24% of sales
Pierce: 13% increase
671
Bank Owned: 22% of sales
148
595
Skagit: 43% increase
Bank Owned: 19% of sales
70
Snohomish: 26% increase
677
Bank Owned: 17% of sales
538
559
1090
Thurston: 11% increase
239
Bank Owned: 11% of sales
266
399
190
152
4108
556
3311
3778
6426
7390
Want to know more about the history of Mason County? Check here.
Interest rates are really low right now, and this makes a big difference in your mortgage payments. Note, Interest have gone down again! Interest rates have not always been so low. Let’s look back at the month of November down through the years: (By the way, the highest interest rate back in October of 1981 was at 18.45 %. The lowest was in June of 2003 at 5.23 %.) Current rate is 4.72% as of 6/14/2010.
Purchasing power of a $1200.00 per month payment (principal and interest only does not include PMI, taxes or insurance) based on different interest rates. Mortgage rates are very low right now! Current rate is 4.72% as of 6/14/2010.
Market Report 4/1//2010 - 4/30/2010 Mason County Real Estate
NOTE: The active to pending ratio is 14-1 today, which shows a slowing of the market. However, notice that there is a continuing increase in sales over this time last year. Current interest rate is 5.09%.
59
170
53
Bank owned homes: 19%of sales
103
49
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio 5/14/10) for Mason County is 802 Active Listings to 51 Pending Sales. Ratio is 14 to 1.
Market Report Mason County for year to date: 01/01 to 4/30/2010.
236
154
486
664
183
112
270
341
163
306
Grays Harbor: 47% increase
118
Jefferson: 24% increase
21
31
34
King: 55% increase
1682
193
1086
1430
2199
Kitsap: 32% increase
241
42
192
226
303
Lewis: 12% increase
Bank Owned: 27% of sales
Mason: 10% increase
Pierce: 37% increase
734
Bank Owned: 26% of sales
535
739
1008
Skagit: 51% increase
Snohomish: 64% increase
715
147
436
995
Thurston: 33% increase
245
37
247
346
143
218
4199
673
2866
3913
5616
6485
It's time to garden! Get great Garden Tips Here.
Interest rates are really low right now, and this makes a big difference in your mortgage payments. Note, Interest have gone down again! Interest rates have not always been so low. Let’s look back at the month of November down through the years: (By the way, the highest interest rate back in October of 1981 was at 18.45 %. The lowest was in June of 2003 at 5.23 %.) Current rate is 5.09% as of 5/14/2010.
Purchasing power of a $1200.00 per month payment (principal and interest only does not include PMI, taxes or insurance) based on different interest rates. Mortgage rates are very low right now! Current rate is 5.09% as of 5/14/2010.
Market Report 3/1//2010 - 3/31/2010 Mason County Real Estate
NOTE: Remember, anyone wanting to take advantage of the current tax credits needs to act immediatley. You need to be signed around by April 30. The ratio of active to pending listings is staying the same at 12-1. Interest rates are going up.
63
149
Bank owned homes: 31%of sales
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio 3/15/10) for Mason County is 772 Active Listings to 63 Pending Sales. Ratio is 12 to 1.
Market Report for year to date: 01/01 to 3/31/2010.
172
324
470
128
38
114
Grays Harbor: 46% increase
Bank Owned: 28% of sales
109
Jefferson: 20% increase
King: 78% increase
1644
238
925
1402
2305
Kitsap: 29% increase
201
336
Lewis: 85% increase
Mason: 26% increase
Pierce: 32% increase
723
Bank Owned: 30% of sales
549
686
1113
Skagit: 23% increase
81
101
174
Snohomish: 85% increase
665
157
380
1069
Thurston: 37% increase
199
362
130
177
4073
818
2632
3812
5986
6776
Looking for resources in Mason County? Go to our Links to Community.
Interest rates are really low right now, and this makes a big difference in your mortgage payments. Note, Interest have gone down again! Interest rates have not always been so low. Let’s look back at the month of November down through the years: (By the way, the highest interest rate back in October of 1981 was at 18.45 %. The lowest was in June of 2003 at 5.23 %.) Current rate is 5.21% as of 4/14/2010.
Purchasing power of a $1200.00 per month payment (principal and interest only does not include PMI, taxes or insurance) based on different interest rates. Mortgage rates are very low right now! Current rate is 5.21% as of 4/14/2010.
Market Report 2/1//2010 - 2/28/2010 Mason County Real Estate
NOTE: Mason County had a dramatic increase in sales over this time last year! This is certainly good news. Also the interest rate is staying low. The tax credits for buyers are still in play, but are running out soon. Anyone wanting to take advantage of these credits needs to act now.
Bank owned homes: 33%of sales