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Market Report for January 2010
February 15th, 2010 8:03 PM

Market Report*:1/1/2010 - 1/31/2010  Mason County Real Estate 

NOTE:  We begin a new year and continue to see an increase in sales as compared to last year at this time.  The interest rate is staying low.  The tax credits for buyers are still in play.  Thurston County is the only county this month with a decrease in sales as compared to last year this month. 

Report: December

Total Sales for all categories

2010

57

 

2009

 23

2008

58

2007

88

2006

144

Residential Sales

2010

46

Bank owned homes: 35 %of sales

 

16

2009

12

2008

41

2007

45

2006

62

Vacant Land Sales

2010

11

 

2009

11

2008

13

2007

37

2006

76

Manufactured Homes (parks)

2010

0

 

2009

0

2008

0

2007

0

Multi Family

2010

0

 

2009

0

2008

1

2007

2

Business Opportunity&Commercial

2010

0

 

2009

0

2008

3

2007

2

2006

3

Another report is comparing Active Listings to Pending Sales. A ratio of 5 Actives to 1 Pending indicates a good market. The current ratio (2/15/10) for Mason County is 642 Active Listings to 52 Pending Sales.  Ratio is 12 to 1.

Market Report for year to date: 01/01 to 1/31/2010 Not included in this report. 

 
Market Report: 1/1/2010 to 1/31/2010 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 18% increase

2010

39

Bank Owned:  23% of sales  

 

9

  

2009

33

2008

33

2007

70

2006

66

Island County:  107% increase 2010

58

Bank Owned: 16% of sales

9

2009

28

2008

63

2007

85

2006

63

Jefferson: 37% increase

2010

13

Bank Owned:  23% of sales

 

3

2009

12

2008

19

2007

25

2006

 38

King: 64% increase

2010

863

Bank Owned:  18% of sales

 

 157

    

2009

 527

2008

954

2007

1355

2006

1438

Kitsap: 29% increase

2010

142

Bank Owned:  23% of sales

 

33

2009

110

2008

160

2007

186

2006

219

Lewis: 147% increase

2010

42

Bank Owned:  43% of sales

 

 18

2009

 17

2008

36

2007

55

2006

67

Mason: 283% increase

2010

46

Bank Owned:  35% of sales

 

16

2009

12

2008

 41

2007

 45

2006

 62

Pierce: 42% increase

2010

415

Bank Owned:  36% of sales

 

 150

2009

 293

2008

 458

2007

 738

2006

 827

San Juan:  133% increase 2010

7

Bank Owned: 0% of sales

 0

2009

 3

2008

 10

2007

 11

2006

 14

Skagit: 14% increase

2010

56

Bank Owned:  27% of sales

 

 15

2009

 49

2008

 63

2007

 102

2006

 92

Snohomish: 49% increase

2010

359

Bank Owned:  26% of sales

 

 91

2009

 241

2008

 424

2007

 610

2006

 780

Thurston: 15% decrease

2010

126

Bank Owned:  17% of sales

 

 21

2009

 149

2008

 166

2007

 235

2006

 263

Whatcom: 11% increase 2010

97

 Bank Owned:  18% of sales

 17

2009

 87

2008

 129

2007

 167

2006

 153

All Counties this report: 45% increase 2010

2266

Bank owned:  24% of sales

 539

2009

 1566

2008

 2546

2007

 3673

2006

 4068

 

 
 
 
*Report is developed by John Borgert.  This is not a NWMLS report.  Date used is dependent on individual brokers posting sold properties in the month sold.  This is the reason the report goes out around the 10th of the month.  Information collected from the NWMLS system. Rules do not allow agents to send out information in a Broadcast form, if you want actual information on property please send a request and the information will be sent to you.

Looking for something in Mason County?  Go here for a list of community web sites 

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 4.97% as of 2/15/2010. 

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

2006

6.24

2007

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 4.97% as of 2/15/2010. 

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)

When your friends complain of overcrowding and being stuck in traffic, tell them about Mason County, where parking is free and you can drive for miles on state/county roads and never encounter a stop sign or traffic light. Come to Mason County, where the relentless progress, development and expansion have been slowed down.

Posted by John Borgert on February 15th, 2010 8:03 PMPost a Comment (0)

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Market Report for December 2009
January 14th, 2010 5:19 PM

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. 

Report: December

Total Sales for all categories

2009

 68

2008

50

2007

68

2006

124

2005

186

Residential Sales

2009

57

Bank owned homes: 25 of sales

14

2008

35

2007

47

2006

79

2005

115

Vacant Land Sales

2009

10

2008

15

2007

19

2006

41

2005

64

Manufactured Homes (parks)

2009

0

2008

0

2007

0

2006

3

Multi Family

2009

0

2008

0

2007

0

2006

0

Business Opportunity&Commercial

2009

1

2008

0

2007

0

2006

0

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

Total Sales for all categories

2009

755

2008

849

2007

1422

2006

2152

Residential Sales

2009

576

2008

641

2007

891

2006

1247

Vacant Land Sales

2009

155

2008

191

2007

479

2006

847

Manufactured Homes (parks)

2009

11

2008

7

2007

10

2006

19

Multi Family

2009

5

2008

2

2007

8

2006

11

Business Opportunities & Commercial

2009

5

2008

7

2007

16

2006

11

 

Market Report: 11/01 to 12/31/2009 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 21% increase

2009

52

Bank Owned:  27% of sales    

 

17

2008

43

2007

50

2006

66

Island County:  93% increase 2009

83

Bank Owned: 17 % of sales

14

2008

48

2007

53

2006

94

Jefferson: 5% decrease

2009

18

Bank Owned:  6% of sales

1

2008

19

2007

17

2006

 49

King: 51% increase

2009

 1384

Bank Owned:  17% of sales    

 237

2008

916

2007

1324

2006

1900

Kitsap: 78% increase

2009

230

Bank Owned:  23% of sales

52

2008

129

2007

195

2006

279

Lewis: 91% increase

2009

 63

Bank Owned:  24% of sales

 15

2008

32

2007

51

2006

71

Mason: 63% increase

2009

57

Bank Owned:  25% of sales

14

2008

35

2007

47

2006

79

Pierce: 58% increase

2009

698

Bank Owned:  33% of sales

227

2008

 442

2007

 612

2006

 990

San Juan:  43% increase 2009

 10

Bank Owned: 20% of sales

2

2008

7

2007

7

2006

10

Skagit: 3% increase

2009

67

Bank Owned:  25% of sales

17

2008

65

2007

103

2006

124

Snohomish: 75% increase

2009

578

Bank Owned:  26% of sales

152

2008

331

2007

534

2006

858

Thurston: 20% increase

2009

 196

Bank Owned:  14% of sales

28

2008

163

2007

250

2006

366

Whatcom: 46% increase  2009

 168

Bank Owned:  13% of sales

 22

2008

115

2007

159

2006

183

All Counties this report: 45% increase 2009

3604

Bank owned:  22% of sales

798

2008

2480

2007

3398

2006

5050

2005

6104

Decrease of 9 % compared to November 2009. 
 
 
*Report is developed by John Borgert.  This is not a NWMLS report.  Date used is dependent on individual brokers posting sold properties in the month sold.  This is the reason the report goes out around the 10th of the month.  Information collected from the NWMLS system. Rules do not allow agents to send out information in a Broadcast form, if you want actual information on property please send a request and the information will be sent to you.

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

2006

6.24

2007

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)

When your friends complain of overcrowding and being stuck in traffic, tell them about Mason County, where parking is free and you can drive for miles on state/county roads and never encounter a stop sign or traffic light. Come to Mason County, where the relentless progress, development and expansion have been slowed down.

Posted by John Borgert on January 14th, 2010 5:19 PMPost a Comment (0)

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Market Report for November 2009
December 10th, 2009 6:52 PM

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. 

Market Report:November         

Total Sales for all categories

2009

 77

2008

32

2007

84

2006

135

2005

178

Residential Sales

2009

61

Bank owned homes: 21% of sales

13

2008

25

2007

53

2006

82

2005

101

Vacant Land Sales

2009

11

2008

7

2007

29

2006

46

2005

74

Manufactured Homes (parks)

2009

0

2008

0

2007

1

2006

1

Multi Family

2009

4

2008

0

2007

0

2006

1

Business Opportunity&Commercial

2009

1

2008

0

2007

0

2006

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 (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.

Total Sales for all categories

2009

682

2008

797

2007

1354

2006

2028

Residential Sales

2009

518

2008

605

2007

844

2006

1168

Vacant Land Sales

2009

144

2008

175

2007

844

2006

1168

Manufactured Homes (parks)

2009

11

2008

7

2007

10

2006

16

Multi Family

2009

5

2008

2

2007

8

2006

11

Business Opportunities & Commercial

2009

4

2008

7

2007

16

2006

11

 

Market Report: 11/01 to 11/30/2009 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 33% increase

2009

64

Bank Owned:  25% of sales    

 

16

2008

46

2007

52

2006

79

Island County:  127% increase 2009

84

Bank Owned: 17 % of sales

14

2008

37

2007

69

2006

118

Jefferson: 130% increase

2009

23

Bank Owned:  4 % of sales

1

2008

10

2007

22

2006

 40

King: 100% increase

2009

 1493

Bank Owned:  13% of sales    

 196

2008

748

2007

1427

2006

2089

Kitsap: 77% increase

2009

246

Bank Owned:  16% of sales

39

2008

139

2007

211

2006

277

Lewis: 5% increase

2009

 40

Bank Owned:  28% of sales

 11

2008

38

2007

54

2006

70

Mason: 144% increase

2009

61

Bank Owned:  21% of sales

13

2008

25

2007

53

2006

82

Pierce: 85% increase

2009

707

Bank Owned:  26% of sales

183

2008

 383

2007

 625

2006

 1031

San Juan:  8% increase 2009

 13

Bank Owned: 8 % of sales

1

2008

12

2007

15

2006

17

Skagit: 174% increase

2009

107

Bank Owned:  15% of sales

16

2008

39

2007

102

2006

104

Snohomish: 144% increase

2009

652

Bank Owned:  18% of sales

119

2008

267

2007

568

2006

938

Thurston: 69% increase

2009

 265

Bank Owned:  12% of sales

33

2008

157

2007

233

2006

341

Whatcom: 92% increase  2009

 192

Bank Owned:  10% of sales

 19

2008

100

2007

155

2006

198

All Counties this report: 85% increase 2009

3947

Bank owned:  16% of sales

661

2008

2130

2007

3585

2006

5364

2005

6316

Decrease of 2 % compared to October 2009. 
 
 
*Report is developed by John Borgert.  This is not a NWMLS report.  Date used is dependent on individual brokers posting sold properties in the month sold.  This is the reason the report goes out around the 10th of the month.  Information collected from the NWMLS system. Rules do not allow agents to send out information in a Broadcast form, if you want actual information on property please send a request and the information will be sent to you.

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 4.71% as of 12/10/2009. 

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

2006

6.24

2007

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 4.71% as of 12/10/2009. 

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)

When your friends complain of overcrowding and being stuck in traffic, tell them about Mason County, where parking is free and you can drive for miles on state/county roads and never encounter a stop sign or traffic light. Come to Mason County, where the relentless progress, development and expansion have been slowed down.

Posted by John Borgert on December 10th, 2009 6:52 PMPost a Comment (0)

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Market Report for October 2009
November 10th, 2009 6:27 PM

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! 

  • 27% increase in sales in all counties in this report!
  • 30% of all homes are free and clear
  • 96.7% of homes with a mortgage are not in foreclosure
  • The U.S. GDP is more than that of the three next countries combined
  • When mortgage rates fall to a record low, housing affordability surges to a record high.
  • Housing affordability continues to be the best its been in 20 years...
  • Instead of internalizing the negativity the headlines can cause, choose to be optimistic and focus on the opportunities around you.
  • First-time buyers can get a tax credit up to $8,000 as part of the recently passed Economic Stimulus Bill of 2009.  Extended to April 30, 2010.
  • New:  Other buyers can get a tax credit up to $6500, if you have lived in your home for 5 years. 
  • Houses are on SALE!  Rumor has it that the housing price bottom has been reached.  We'll see if this proves true over the next few months.

Market Report:    October         

Total Sales for all categories

2009

 79

2008

62

2007

105

2006

174

2005

242

Residential Sales

2009

60

Bank owned homes: 18% of sales

11

2008

48

2007

73

2006

113

2005

133

Vacant Land Sales

2009

18

2008

13

2007

30

2006

57

2005

102

Manufactured Homes (parks)

2009

0

2008

0

2007

1

2006

1

Multi Family

2009

1

2008

0

2007

1

2006

1

Business Opportunity&Commercial

2009

0

2008

1

2007

0

2006

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 (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.

Total Sales for all categories

2009

604

2008

762

2007

1270

2006

1893

Residential Sales

2009

456

2008

578

2007

791

2006

1086

Vacant Land Sales

2009

131

2008

168

2007

431

2006

760

Manufactured Homes (parks)

2009

11

2008

7

2007

11

2006

15

Multi Family

2009

1

2008

2

2007

8

2006

10

Business Opportunities & Commercial

2009

3

2008

7

2007

16

2006

10

 

Market Report: 10/01 to 10/31/2009 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 21% increase

2009

68

Bank Owned:  11% of sales    

 

12

2008

61

2007

87

2006

113

Island County:  21% decrease 2009

88

Bank Owned: 19 % of sales

17

2008

73

2007

75

2006

115

Jefferson: 36% increase

2009

30

Bank Owned:  7 % of sales

2

2008

22

2007

42

2006

 38

King: 39% increase

2009

 1666

Bank Owned:  11% of sales    

 185

2008

1195

2007

1558

2006

2261

Kitsap: 9% increase

2009

252

Bank Owned:  17% of sales

42

2008

232

2007

262

2006

297

Lewis: 19% increase

2009

 50

Bank Owned:  26% of sales

 13

2008

42

2007

60

2006

78

Mason: 25% increase

2009

60

Bank Owned:  18% of sales

11

2008

48

2007

73

2006

113

Pierce: 39% increase

2009

785

Bank Owned:  23% of sales

183

2008

 563

2007

 717

2006

 1091

San Juan:  7% increase 2009

 15

Bank Owned: 7 % of sales

1

2008

14

2007

14

2006

19

Skagit: 15% increase

2009

93

Bank Owned:  22% of sales

20

2008

81

2007

140

2006

143

Snohomish: 54% increase

2009

637

Bank Owned:  18% of sales

113

2008

413

2007

675

2006

1040

Thurston: 39% increase

2009

 268

Bank Owned:  14% of sales

37

2008

265

2007

306

2006

337

Whatcom: 25% increase  2009

 182

Bank Owned:  11% of sales

 20

2008

146

2007

219

2006

232

All Counties this report: 27% increase 2009

4012

Bank owned:  16% of sales

637

2008

3160

2007

4008

2006

5586

2005

6744

NATIONAL SALES: 30% bank owned!
 
 
*Information collected from the NWMLS system. Rules do not allow agents to send out information in a Broadcast form, if you want actual information on property please send a request and the information will be sent to you.

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 4.98% as of 11/10/2009. 

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

2006

6.24

2007

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 4.98% as of 11/10/2009. 

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)

When your friends complain of overcrowding and being stuck in traffic, tell them about Mason County, where parking is free and you can drive for miles on state/county roads and never encounter a stop sign or traffic light. Come to Mason County, where the relentless progress, development and expansion have been slowed down.

Posted by John Borgert on November 10th, 2009 6:27 PMPost a Comment (0)

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Market Report for September 2009
October 12th, 2009 6:36 PM

Market Report*:9/1/2009 - 9/30/2009  Mason County Real Estate 

First, some good news:

  • 7% increase in sales in all counties in this report!
  • 30% of all homes are free and clear
  • 96.7% of homes with a mortgage are not in foreclosure
  • The U.S. GDP is more than that of the three next countries combined
  • When mortgage rates fall to a record low, housing affordability surges to a record high.
  • Housing affordability is the best its been in 20 years...
  • Instead of internalizing the negativity the headlines can cause, choose to be optimistic and focus on the opportunities around you.
  • First-time buyers can get a tax credit up to $8,000 as part of the recently passed Economic Stimulus Bill of 2009.
  • Houses are on SALE!

Market Report:    September         

Total Sales for all categories

2009

 90

2008

90

2007

106

2006

190

2005

275

Residential Sales

2009

64

Bank owned homes: 17% of sales

11

2008

76

2007

73

2006

122

2005

150

Vacant Land Sales

2009

23

2008

14

2007

31

2006

64

2005

121

Manufactured Homes (parks)

2009

1

2008

0

2007

1

2006

2

Multi Family

2009

0

2008

0

2007

0

2006

0

Business Opportunity&Commercial

2009

0

2008

0

2007

1

2006

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 (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.

Total Sales for all categories

2009

523

2008

699

2007

1165

2006

1779

Residential Sales

2009

396

2008

529

2007

718

2006

937

Vacant Land Sales

2009

113

2008

155

2007

401

2006

703

Manufactured Homes (parks)

2009

11

2008

7

2007

9

2006

14

Multi Family

2009

0

2008

2

2007

7

2006

9

Business Opportunities & Commercial

2009

3

2008

6

2007

16

2006

9

 

Market Report: 09/01 to 09/30/2009 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 25% decrease

2009

54

Bank Owned:  28% of sales    

 

15

2008

72

2007

85

2006

96

Island County:  10% decrease 2009

76

Bank Owned:  17% of sales

13

2008

84

2007

107

2006

129

Jefferson: 26% increase

2009

29

Bank Owned: 17  % of sales

2008

23

2007

30

2006

 45

King: 21% increase

2009

 1597

Bank Owned:  11% of sales    

 172

2008

1319 

2007

1587 

2006

2203 

Kitsap: 11% increase

2009

230 

Bank Owned:  15% of sales

35 

2008

207 

2007

227 

2006

346 

Lewis: 15% increase

2009

 45

Bank Owned:  31% of sales

 14

2008

39 

2007

85 

2006

77 

Mason: 16% decrease

2009

64 

Bank Owned:  17% of sales

11 

2008

76 

2007

73 

2006

122 

Pierce: 4% increase

2009

724 

Bank Owned:  29% of sales

201 

2008

 693

2007

 720

2006

 1301

San Juan:  same 2009

 15

Bank Owned:  13% of sales

2 

2008

15 

2007

2006

25 

Skagit: 16% decrease

2009

92 

Bank Owned:  20% of sales

18 

2008

110 

2007

134 

2006

163 

Snohomish: 22% increase

2009

593 

Bank Owned:  20% of sales

118 

2008

488 

2007

711 

2006

1128 

Thurston: 6% decrease

2009

 246

Bank Owned:  10% of sales

24 

2008

261 

2007

318 

2006

434 

Whatcom: 15% increase  2009

 201

Bank Owned:  8% of sales

 16

2008

175 

2007

211 

2006

249 

All Counties this report: 7% increase 2009

3978 

Bank owned:  16% of sales

648

2008

3721 

2007

4287 

2006

6408 

2005

7981

NATIONAL SALES: 30% bank owned!
 
 
*Information collected from the NWMLS system. Rules do not allow agents to send out information in a Broadcast form, if you want actual information on property please send a request and the information will be sent to you.

For FREE Garden tips 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 5.03% as of 10/12/2009. 

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

2006

6.24

2007

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 5.03% as of 10/12/2009. 

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)

When your friends complain of overcrowding and being stuck in traffic, tell them about Mason County, where parking is free and you can drive for miles on state/county roads and never encounter a stop sign or traffic light. Come to Mason County, where the relentless progress, development and expansion have been slowed down.

Posted by John Borgert on October 12th, 2009 6:36 PMPost a Comment (0)

Subscribe to this blog
Market Report for August 2009
September 14th, 2009 12:44 PM

Market Report*:8/1/2009 - 8/31/2009  Mason County Real Estate 

First, some good news:

  • 3% increase in sales in all counties in this report!
  • 30% of all homes are free and clear
  • 96.7% of homes with a mortgage are not in foreclosure
  • The U.S. GDP is more than that of the three next countries combined
  • When mortgage rates fall to a record low, housing affordability surges to a record high.
  • Housing affordability is the best its been in 20 years...
  • Instead of internalizing the negativity the headlines can cause, choose to be optimistic and focus on the opportunities around you.
  • First-time buyers can get a tax credit up to $8,000 as part of the recently passed Economic Stimulus Bill of 2009.
  • Houses are on SALE!

Market Report --August          

Total Sales for all categories

2009

 67

2008

80

2007

147

2006

220

Residential Sales

2009

56

Bank owned homes: 34% of sales

19

2008

64

2007

93

2006

137

Vacant Land Sales

2009

10

2008

16

2007

51

2006

79

Manufactured Homes (parks)

2009

1

2008

0

2007

1

2006

0

Multi Family

2009

0

2008

0

2007

1

2006

3

Business Opportunity&Commercial

2009

0

2008

0

2007

0

2006

0

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.

Total Sales for all categories

2009

432

2008

606

2007

1059

2006

1529

Residential Sales

2009

329

2008

453

2007

645

2006

851

Vacant Land Sales

2009

90

2008

120

2007

370

2006

639

Manufactured Homes (parks)

2009

10

2008

5

2007

11

2006

9

Multi Family

2009

0

2008

2

2007

7

2006

9

Business Opportunities & Commercial

2009

3

2008

6

2007

15

2006

8

 

Market Report: 08/01 to 08/31/2009 for other counties, residential sales only

Note comparison with previous years.   

Grays Harbor: 28% decrease

2009

46

Bank Owned:  33% of sales    

 

15

2008

64

2007

91

2006

135

Island County:  1% decrease 2009

81

Bank Owned:  19% of sales

15

2008