On Thursday April 23rd, 2009 from 6-8 pm at the LakeLand Village Club House, Allyn, Washington, the Windermere Peninsula Properties, Allyn and Belfair offices will be teaming up with Lender Vickie Nunez from Wells Fargo Home Mortgage, Real Estate Attorney Mike Spence, Tax Accountant Catherine Wolf & Real Estate Managing Broker Richard Bell of Windermere Peninsula Properties to get the latest information on the current housing market.
We expect a great attendance and RSVP is recommended. You can reach the Windermere Peninsula Properties office at 360-275-5002. Or e-mail Rbell@windermere.com
There will be Straight Answers for Home Owners and Buyers given by experts in the field. The focus will be on short sales, foreclosures & loan modifications. Know who to ask and what to ask from those who work with these issues everyday.
The workshop is free and in the event you are unable to attend in person we will have information following the presentation available on the web at www.therealstateofrealestate.com
This is a great opportunity to get honest answers and reliable information on the best way to proceed in this new market. Whether you are a Buyer or a Seller or just want to understand the complexities of Real Estate Today... please join us!
According to Foreclosure.com, as of this post, there were 2,265,402 Foreclosure listings Nationwide.
The State of Washington, at the time of this article, has recorded 7,187 Pre-foreclosures, 1,530 Sheriffs Sales, 8,406 Foreclosures and 4,131 Bankruptcies.
Mason County, Washington, which I might point out is usually one year behind our large metropiltan areas, posted 46 Pre-foreclosures, 10 Sheriffs Sales, 92 Foreclosures and 34 Bankruptcies.
In zip code 98528 there were 6 Pre-foreclosures, 2 Sheriffs Sales, 20 Foreclosures and 4 Bankruptcies. The Foreclosure Stats for area 98524 recorded 5 Pre-foreclosures, 1 Sheriffs Sale, 5 Foreclosure and 2 Bankruptcies.
This past year our County has been affected with a bona fide Real Estate falling off. There have also been job losses, family changes and host of other unexpected challenges of life that have made owning a home tough.
If you or someone you know has lost a job, been through a divorce or suffered illness, you or they may be having a hard time making mortgage payments. If so, there is help available.
The very first thing a homeowner must do is to " call your mortgage company" and find a solution that is right for your individual situation. Don't risk losing your home or jeopardizing your credit when there is help available.
Lenders tell me that your options are much better if you are only one or two payments behind. Waiting until the last moment is not an advisable option. The longer you wait the greater your chance of losing your home. If you are unable to make your mortgage payments, don't delay.
Call your mortgage company immediately.
There are a number of alternatives you can discuss with your mortgage company. There are Loan Modifications, Forbearance, Reinstatement and Repayment plans.
If you are a Local homeowner in Mason County and happen to be reading this on the AR or Localism site, Straight answers on these alternatives as well as gaining a better understanding of Short Sales, Pre-Foreclosure, your rights and options will be the subjects talked about at a Community Real Estate Workshop this coming April.
This "Free" Workshop will be held on Thursday April 23rd from 6:00 - 8:00 pm at the LakeLand Village Club House in Allyn, Washington. An Attorney, Accountant and a Mortgage Bank professional will available to answer questions for homeowners, the real estate community and anyone interested in getting Straight answers on how to Avoid Foreclosure and protect your investment.
The LakeLand Village Clubhouse and Restaurant in Allyn, Washington.
This 6,000 square-foot complex houses the LakeLand Village Clubhouse, available for group gatherings, and Home to the Lakeside Bistro and Lounge, a cozy, gourmet restaurant overlooking the trout pond. Consistently ranked "tops" in atmosphere by residents, the Bistro' specializes in casual fine dining, featuring steaks, seafood and pasta. Banquet facilities for golf club members and guests are also available.
March 1st was the Grand RE-Opening for the Bistro a LakeLand Village Landmark. It is one of my favorite places to enjoy a fine glass of wine and some classy cuisine.
New Owners, Barbara Yarnall and her son "Chef Johnny", bring to the Bistro fresh new talent, experience and food service quality.
The atmosphere at the Bistro is unparalleled. Resting above the quiet waters of Anderson Lake the view is incredible.
The only question - is do I play around of Golf, on the 27 hole PGA level course, before or after dinner.
I have not posted on the Mason County Real Estate Statistics on the AR platform for awhile. So I thought let's do it today. I would like to enlighten the AR community to what is going on in our "neck of the woods". For those who have no clue as to "where the heck" Mason County, Washington is, look no further.
Briefly: Were are located on the Olympic and Kitsap Peninsula in the Pacific Northwest corner of Washington State.
Our defining landmarks are the Hood Canal and the Olympic National Forest & Park. We are sometimes identified as the "Gateway to the Olympics". Some know us for our Oysters, Clams, waterfront properties, golf and a host of other outdoor activities.
Our population is just over 50,000, so when you see the following numbers don't be to surprised. Hey, we only have less than 150 real estate agents working in the market and the 80/20 rule is applicable.
Here is a summary of the Mason County, Washington Real Estate Sales for February 2009.
There were 46 total real estate sales within the County in the amount of $8,255,163. Single family resales accounted for 18 of those sales followed by 11 platted lot sales and 8 short plat sales.
There was 1 sale of a new single family home and 1 Condo sale. Mobiles on land posted 3 sales and there were 3 sales of unplatted land parcels.
Real Estate Sales by Area:
Area A - (Shelton, Arcadia,Kamilche) 15 Sales $1,368,800
Area B - (Hartstene island, Agate) 10 Sales $4,125,910
Area C - (North Mason ) 12 Sales $1,431,903
Area D - (Hoodsport,Union) 9 Sales $1,328,550
Prices for single family resales ranged from 1 waterfront property selling for $500,000 and 1 cabin selling for $67,000. The average price for this period was $201,997 with a median price of $147,075. Lots averaged $30,697.
On the Loan and Mortgage side there were 291 loans closed in the amount of $67,519,114. It appears that refinancing is highly-flavored. Convention loans were the most common, totaling 190 loans, followed by 28 VA's, 27 Private loans, 26 ARM'S and 20 FHA's.
The average conventional 30 year real estate loans were 5.31%. Adjustable rate loans were 5.65%.
There my friends is our Market Report for February 2009 - Mason County, Washington.
There is an area on the Hood Canal that many scuba divers know well located off of Highway 101 just outside of Shelton, Washington- called Octopus hole.
It has been said that diving there is one of the greatest experiences that you can have. The colors are brillant and the underwater sights amazing. I wanted to share with you a few video clips that many of us are unable to see.
I will warn you... what you are about to witness may shock you...
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The Managing Broker of Two Windermere offices, Allyn & Belfair. We do more than help people buy and sell real estate. We provide full-service to help people realize their dreams of home ownership.
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