Thurston County Real Estate Market Trends and Foreclosures; From Phil Sharp

I have included new foreclosure listings and price reductions that would normally be part of the foreclosure newsletter in place of top 10's. We are still seeing a great deal of activity in the market. Well priced listings, especially REO's and Short Sales, are experiancing somewhat of a sellers market; good deals are bringing multiple offers and escalation clauses, something we haven't seen for quite a while. I am sure that low interest rates, coupled with realistic pricing are what is driving this activity. There are of course over priced homes still languishing on the market, but those who are priced right are making sales. When the time is right, and you are ready to start looking for spring deals, let me know. Shoot me an email and I will send you all of the distressed properties that we are currently tracking.

New Short Sales & Price Reductions:

Olympia, Lacey & Tumwater: View Listings Yelm, Rochester & Tenino: View Listings

New Bank Owned Homes & Price Reductions:

Olympia, Lacey & Tumwater: View Listings Yelm, Rochester & Tenino: View Listings

THURSTON COUNTY

For The Period of January 1-31 2009

	Jan 1 -	Dec	New		New
Active	Jan 31	2008	Const	Resale	Const %
Thurston County	1522	1591	440	1082	.29%
Lacey	177	198	65	112	.37%
Hawks Prairie	298	316	114	184	.38%
Olympia	285	287	57	228	.02%
Tumwater	153	165	78	75	.51%
Yelm	299	287	82	217	.27%

Pending	Jan 1 -	Dec	YTD	YTD
Sales	Jan 31	2008	2009	2008	% Change
Thurston County	289	214	289	257	1.12%
Lacey	49	41	49	55	-.11%
Hawks Prairie	63	39	63	48	1.31%
Olympia	63	44	63	48	1.31%
Tumwater	29	14	29	22	1.32%
Yelm	37	39	37	40	-.07%

	Jan 1 -	Dec	YTD	YTD
Sold	Jan 31	2008	2009	2008	% Change
Thurston County	174	170	174	166	1.05%
Lacey	29	28	29	30	-.03%
Hawks Prairie	30	22	30	65	-.54%
Olympia	37	37	37	26	1.42%
Tumwater	11	17	11	19	-.42%
Yelm	31	36	31	26	1.19%

	Average Time On	Average Time On
Area	Market YTD 09	Market YTD 08
Thurston County	123	100
Lacey	151	82
Hawks Prairie	129	83.5
Olympia	114.4	106.2
Tumwater	212	125
Yelm	66	92

·Data prepared by Phil Sharp, provided by NWMLS

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IF YOU WOULD LIKE DETAILED INFORMATION ABOUT A SPECIFIC PROPERTY TYPE OR NEIGHBORHOOD, PLEASE CALL ME AT (360) 970-9977 or Email.