Market Report*:12/1/2009 - 12/31/2009 Mason County Real Estate
NOTE: In December we had another increase in sales compared to December of last year. Overall, for all the counties we examine, there has been an 45% increase in sales. This is a 9% decrease from sales in the previous month (November). We still don't have a way to find out how much the $8000 tax credit had to do with the increase of sales over last year at this time. With both the $8000 tax credit for first time buyers, and the $6500 tax credit for all qualified home buyers, can we expect to continue seeing sales increase? Interest rates went up a little, but are still low, and that should spur buyers to buy now.
Total Sales for all categories
2009
68
2008
50
2007
124
186
Residential Sales
57
14
35
47
79
115
Vacant Land Sales
10
15
19
41
64
Manufactured Homes (parks)
0
3
Multi Family
Business Opportunity&Commercial
1
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (1/12/10) for Mason County is 604 Active Listings to 50 Pending Sales. Ratio is 12 to 1.
Market Report for year to date: 01/01 to 12/31/2009
755
849
1422
2006
2152
576
641
891
1247
155
191
479
847
11
7
5
2
8
Business Opportunities & Commercial
16
Note comparison with previous years.
Grays Harbor: 21% increase
52
Bank Owned: 27% of sales
17
43
66
83
48
53
94
Jefferson: 5% decrease
18
49
King: 51% increase
1384
237
916
1324
1900
Kitsap: 78% increase
230
129
195
279
Lewis: 91% increase
63
32
51
71
Mason: 63% increase
Pierce: 58% increase
698
227
442
612
990
Skagit: 3% increase
67
65
103
Snohomish: 75% increase
578
152
331
534
858
Thurston: 20% increase
196
28
163
250
366
168
22
159
183
3604
798
2480
3398
5050
6104
For more about the HomeBuyers Tax Credit go here.
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 5.09% as of 1/12/2010.
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
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 1/12/2010.
Purchase price Interest Rate Monthly payment
$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 $229,200 house with $1200 per month with a 4.78% interest rate. (04/09/2009)
Market Report*:11/1/2009 - 11/30/2009 Mason County Real Estate
NOTE: There has been a HUGE increase in sales for November compared to November of last year. Overall, for all the counties we examine, there has been an 85% increase in sales. However, compared to last month (October) we had a 2% decrease in sales, overall. We don't have a way to find out how much the $8000 tax credit had to do with the increase of sales over last year at this time. With both the $8000 tax credit for first time buyers, and the $6500 tax credit for all qualified home buyers, can we expect to continue seeing sales increase? Interest rates are still low, and that should spur buyers to buy now.
77
84
135
178
61
13
25
82
101
29
46
74
4
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (12/10/2009) for Mason County is 660 Active Listings to 59 Pending Sales. Ratio is 11 to 1.
Market Report for year to date: 01/01 to 11/30/2009.
682
797
1354
2028
518
605
844
1168
144
175
Grays Harbor: 33% increase
Bank Owned: 25% of sales
37
69
118
Jefferson: 130% increase
23
40
King: 100% increase
1493
748
1427
2089
Kitsap: 77% increase
246
39
139
211
277
Lewis: 5% increase
38
54
70
Mason: 144% increase
Pierce: 85% increase
707
383
625
1031
12
Skagit: 174% increase
107
102
104
Snohomish: 144% increase
652
119
267
568
938
Thurston: 69% increase
265
33
157
233
341
192
100
198
3947
661
2130
3585
5364
6316
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 4.71% as of 12/10/2009.
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 4.71% as of 12/10/2009.
Market Report*:10/1/2009 - 10/31/2009 Mason County Real Estate
First, some good news: The market is moving. All of the counties in this report show an increase in sales for the month of October!
62
105
174
242
60
73
113
133
30
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (11/10/2009) for Mason County is 712 Active Listings to 83 Pending Sales. Ratio is 8.5 to 1. This is the lowest ratio in a long time.
Market Report for year to date: 01/01 to 10/31/2009.
604
762
1270
1893
456
791
1086
131
431
760
Bank Owned: 11% of sales
87
88
75
Jefferson: 36% increase
42
King: 39% increase
1666
185
1195
1558
2261
Kitsap: 9% increase
252
232
262
297
Lewis: 19% increase
78
Mason: 25% increase
Pierce: 39% increase
785
563
717
1091
Skagit: 15% increase
93
20
81
140
143
Snohomish: 54% increase
637
413
675
1040
Thurston: 39% increase
268
306
337
182
146
219
4012
3160
4008
5586
6744
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 4.98% as of 11/10/2009.
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 4.98% as of 11/10/2009.
Market Report*:9/1/2009 - 9/30/2009 Mason County Real Estate
First, some good news:
90
106
190
275
76
122
150
31
121
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (10/12/2009) for Mason County is 762 Active Listings to 68 Pending Sales. This ratio indicates that the market is about the same. Ratio is 11 to 1.
Market Report for year to date: 01/01 to 09/30/2009.
523
699
1165
1779
396
529
718
937
401
703
9
6
Grays Harbor: 25% decrease
Bank Owned: 28% of sales
72
85
96
Jefferson: 26% increase
45
King: 21% increase
1597
172
1319
1587
2203
Kitsap: 11% increase
207
346
Lewis: 15% increase
Mason: 16% decrease
Pierce: 4% increase
724
201
693
720
1301
Skagit: 16% decrease
92
110
134
Snohomish: 22% increase
593
488
711
1128
Thurston: 6% decrease
24
261
318
434
249
3978
648
3721
4287
6408
7981
For FREE Garden tips go 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 5.03% as of 10/12/2009.
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 5.03% as of 10/12/2009.
Market Report*:8/1/2009 - 8/31/2009 Mason County Real Estate
80
147
220
56
137
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (09/10/2009) for Mason County is 802 Active Listings to 82 Pending Sales. This ratio indicates that the market is has improved. Ratio is 10 to 1.
Market Report for year to date: 01/01 to 08/31/2009.
432
606
1059
1529
329
453
645
851
120
370
639
Grays Harbor: 28% decrease
Bank Owned: 33% of sales
91
Jefferson: 23% decrease
55
King: 6% increase
1484
169
1401
2359
2877
Kitsap: 17% increase
256
314
392
Lewis: 17% increase
Mason: 12% decrease
Pierce: 11% increase
685
615
991
1451
26
194
Snohomish: 11% increase
595
1015
1291
Thurston: 11% increase
321
290
388
477
173
315
299
3879
3169
6061
7575
Thinking of buying? Try this "Check List" for Buyers: Try this link.
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 5.08% as of 09/10/2009.
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 5.08% as of 09/10/2009.
Market Report*:7/1/2009 - 7/31/2009 Mason County Real Estate
224
98
Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (08/10/2009) for Mason County is 857 Active Listings to 67 Pending Sales. This ratio indicates that the market is has improved. Ratio is 13 to 1.
Market Report for year to date: 01/01 to 07/31/2009.
363
912
1309
272
522
714
319
560