Market Report for 12/01/2011 - 12/31/2011
Well, we were snowed in like most people here in Western Washington. We had about a foot of snow in the Shelton area. It is good to see it melting away! Here is the last market report for the year 2011. As we enter the year of the Dragon, let's look forward to improvement in the housing market!
Good news is that the interest rate is even lower at 3.88% for a 30 fixed mortgage and sales increased in this 13 county report by 4%. Bad news is that we are still seeing a lot of sales in bank owned and short sale properties.
Bank owned sales increased from 871 (2010) to 1049 (2011) and short sales increased from 351 (2010) to 445 (2011). Interest rates continue to decline. Today the rates are down to 3.88%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 12-1, with 654 active residential properties to 56 pending sales. About the same as 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:
$236,833.39
Counties (Grays Harbor, Island, Jefferson, King, Kitsap, Lewis, Mason, Pierce, San Juan, Skagit, Snohomish, Thurston, Whatcom) in western WA
3723
1049
445
3591
3604
2480
3398
5050
Market Report for each county: 12/01/2011 - 12/31/2011
Grays Harbor: 2% increase
58
17
3
2010
51
2009
52
2008
43
2007
50
Island County: 0% increase
74
22
4
83
48
53
JeffersonCounty: 42% increase
27
6
0
19
18
King county: 2% increase
1464
323
171
1433
237
916
1324
Kitsap County: 14% decrease
185
42
21
214
230
129
195
Lewis Conty: 27% decrease
40
11
55
63
32
57
35
47
694
275
81
670
698
442
612
2
15
10
7
89
34
101
67
65
103
671
238
113
570
578
331
534
218
46
20
203
196
163
250
146
24
143
168
115
159
For Mason County
62
68
124
79
9
41
1
5
16
*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.
Market Report for 11/01/2011 - 11/30/2011
Now is the time to buy -- interest rates at an all time low; home prices are low.
Good news is that the interest rate is at a all time low of 3.99% for a 30 fixed mortgage and sales increased in this 13 county report by 23%. Bad news is that almost all the increase in sales can still be attributed to the increase in bank owned and short sale properties.
Bank owned sales increased from 657 (2010) to 955 (2011) and short sales increased from 255 (2010) to 386 (2011). Interest rates continue to decline. Today the rates are down to 3.99%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 13-1, with 681 active residential properties to 53 pending sales. About the same as 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
3542
955
386
2890
3947
2130
3585
5364
Market Report for each county: 11/01/2011 - 11/30/2011
Grays Harbor: 46% increase
39
64
Island County: 37% increase
54
84
37
69
JeffersonCounty: 13% increase
26
23
King county: 34% increase
1418
296
155
1061
1493
748
1427
Kitsap County: 7% decrease
174
38
187
246
139
211
Lewis Conty: 24% increase
29
61
25
653
245
569
707
383
625
12
13
91
73
107
102
617
192
461
652
267
568
215
265
157
233
142
33
127
100
77
135
82
Market Report for 10/01/2011 - 10/31/2011
Good news is that the interest rate is at a all time low of 3.99% for a 30 fixed mortgage and sales increased in this 13 county report by 22%. Bad news is that almost all the increase in sales can be attributed to the increase in bank owned and short sale properties.
Bank owned sales increased from 568 (2010) to 1097 (2011) and short sales increased from 217 (2010) to 351 (2011). Interest rates continue to decline. Today the rates are down to 3.99%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 14-1, with 760 active residential properties to 54 pending sales. The same as 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
3752
1097
351
3064
4012
3160
4008
5586
Market Report for each county: 10/01/2011 - 10/31/2011
Grays Harbor: 22% decrease
60
87
Island County: 10% increase
59
88
75
JeffersonCounty: 8% increase
30
King county: 20% increase
1442
325
141
1204
1666
1195
1558
Kitsap County: 40% increase
222
252
232
262
Lewis Conty: 26% increase
693
274
583
785
563
717
14
72
93
140
658
254
86
472
637
413
675
234
220
268
306
151
153
182
219
105
Market Report for 9/01/2011 - 9/30/2011
HUD, Bank owned and short sales continue to be a major factor in the housing market. In this 13 county report, the sold report shows that bank owned properties account for 27% of sales as compared to 17% last year. Short sales account for 10% of sold sales. Total percentage of bank owned and short sales is 37%. Interest rates continue to decline. Today the rates are down to 4.11%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 14-1, with 935 active residential properties to 66 pending sales. Better 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
4043
1085
4056
3978
3721
6409
7981
Market Report for each county: 9/01/2011 - 9/30/2011
Grays Harbor: 21% decrease
85
Island County: 7% decrease
94
76
JeffersonCounty: 17% decrease
King county: 0% increase
1550
319
150
1547
1597
1319
1587
Kitsap County: 23% decrease
207
227
Lewis Conty: 19% increase
56
45
769
282
704
724
720
98
28
92
110
134
657
593
488
711
241
259
261
318
186
213
201
175
90
106
190
122
31
Market Report for 8/01/2011 - 8/31/2011
23% increase in sales in this report
HUD, Bank owned and short sales continue to be a major factor in the housing market. In this 13 county report, the sold report shows that bank owned properties account for 26% of sales as compared to 17% last year. Short sales account for 8% of sold sales. Total percentage of bank owned and short sales is 34%. Interest rates continue to decline. Today the rates are down to 4.12%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 13-1, with 911 active residential properties to 69 pending sales. Better 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
4340
1142
364
3244
3870
3169
6061
7575
Market Report for each county: 8/01/2011 - 8/31/2011
Grays Harbor: 16% increase
Island County: 36% increase
131
JeffersonCounty: 0% increase
King county: 35% increase
1689
347
1251
1484
1401
2359
Kitsap County: 35% increase
256
314
Lewis Conty: 7% increase
36
829
589
685
615
991
8
194
731
503
595
1015
221
321
290
388
161
173
315
80
147
137
Market Report for 7/01/2011 - 7/31/2011
HUD, Bank owned and short sales continue to be a major factor in the housing market. In this 13 county report, the sold report shows that bank owned properties account for 25% of sales as compared to 16% last year. Short sales account for 9% of sold sales. Total percentage of bank owned and short sales is 34%. Interest rates continue to decline. Today the rates are down to 4.15%. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 12-1, with 927 active residential properties to 77 pending sales. Better 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
3993
982
370
3235
4282
4015
6072
2901
Market Report for each county: 7/01/2011 - 7/31/2011
Grays Harbor: 27% increase
119
Island County: 4% increase
King county: 24% increase
1613
1303
1654
1470
2462
Kitsap County: 3% increase
181
223
329
66
771
553
819
672
1017
162
643
208
522
669
516
985
279
391
165
216
228
292
78
224
Market Report for 6/01/2011 - 6/30\/2011
HUD, Bank owned and short sales continue to be a major factor in the housing market. In this 13 county report, the sold report shows that bank owned properties account for 27% of sales as compared to 14% last year. Short sales account for 9% of sold sales. Total percentage of bank owned and short sales is 36%. Interest rates continue unchanged. Today the rates have gone up somewhat. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 13-1, with 986 active residential properties to 77 pending sales. Better 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.
$236,788.91(7/25/11)
4578
1219
400
4657
4170
4114
6628
8247
Market Report for each county: 6/01/2011 - 6/31/2011
104
Island County: 24% decrease
71
96
116
JeffersonCounty: 16% increase
King county: 1% decrease
1909
384
180
1884
1673
1526
2697
Kitsap County: 9% decrease
242
322
Lewis Conty: 25% decrease
97
851
872
753
744
1133
120
728
251
1114
285
286
287
396
183
176
311
117
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.
$236,833.39(6/22/11)
3956
1088
374
4108
3311
3778
6426
7390
Market Report for each county: 3/01/2011 - 3/31/2011
Grays Harbor: 16% decrease
Island County: 7% increase
JeffersonCounty: 41% decrease
King county: 7% decrease
1593
348
1719
1276
1495
2507
Kitsap County: 18% decrease
198
189
205
Lewis Conty: 51% increase
734
294
70
184
659
677
538
559
1090
239
266
399
152
Market Report for 4/01/2011 - 4/30/2011
Bank owned and short sales percentage of sold residential properties have increased considerably over this time last year. Somewhat similar compared to last month. Interest rates continue to be a mixed bag, and worth keeping an eye on. Today they have gone down a little. Remember, each 1% rise in interest reduces your purchasing power by approximately 10%. The active to pending ratio in Mason County is over 12-1, with 908 active residential properties to 72 pending sales. Not quite as good as last month. A good ratio is 5-1. The counties in this report show a 12% decrease in sales compared to the same month last year. Pricing in the market continues to slide and may not correct until the inventory of bank owned and short sale homes is reduced.
$230,040.47 (5/27/11)
3700
1084
342
4199
2866
3913
5616
6485
Grays Harbor: 24% decrease
49
Island County: 28% decrease
118
JeffersonCounty: 19% decrease
King county: 9% decrease
1533
346
1682
1086
1430
2199
Kitsap County: 31% decrease
166
226
303
Lewis Conty: 6% increase
719
273
535
739
1008
154
586
209
715
436
995
247
170
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.
$225,846.34 (4/18/11)
3728
1143
2632
3812
5986
6776
Market Report for other counties: 3/01/2011 - 3/31/2011
Grays Harbor: 7% decrease
Island County: 15% decrease
109
1535
1644
925
1402
2305
Kitsap County: 27% decrease
199
336
Lewis Conty: 3% decrease
295
723
549
686
1113
665
380
1069
204
272
362
130
177
Mason County
149
Market Report for year to date: 01/01/2011 - 3/31/2011
138
172
324
470
128
114