About Cowlitz County, WA

The following is a market overview for single family residential homes in Cowlitz County for the month of February. Compare to January, all numbers are slightly higher;

Actives listings at the end of February 738 compare to the end of January 712.

February contingent listings 5.

February, listings pending 50 compared to January 38.

Listings sold in February 38 compared to January 30.

Currently there is about 10 months of inventory of available homes in the market. Minimum price is $35,000 and the maximum price is $1,780,000.

Again the most competitive price range is $250,000 - 299,999 in this price range there are 125 listings available, one contingent, seven pending and seven sold. And again the most active price range is $200,000- 249,999 with two contingent, 8 pending and 8 sold.

RESIDENTIAL STATISTICS

Active Listings January 2008: 708 vs. 543 in January 2007

New Listings January 2008: 166 vs. 156 in January 2007

Average List Price January 2008: $297,034 vs. 295,352 in January 2007

Pending Sales January 2008: 56 vs. 85 in January 2007

Average Pending Sales Price January 2008: $200,017 vs $215,490 in January 2007

Average Days on Market for Pending Sales January 2008: 111 vs. 92 in January 2007

Closed Sales January 2008: 28 vs. 69 in January 2007

Average Sales Price January 2008: $205,567 vs. 221,648 in January 2007

Average Days on Market for Closed Sales January 2008: 126 vs. 77 in January 2007

It's a changing market! Foreclosures in Washington State are on the rise due to a correcting market and numerous adjustable rate mortgages. It's a buyer's market and time for investors to take advantage of the "deals". I have numerous relationships with banks across the country including Bank of America, Chase, Wells Fargo, National City Mortgage, Washington Mutual, Indymac and many many more. All my current and soon to be listed foreclosures are listed on my website dedicated specifically to foreclosures and investment properties.

Visit my website: www.WAREO.com

Checking the stats for the Cowlitz County real estate market is definitely clear that the market is picking up, as usual does every year after slow December and January. At the beginning of this month I posted the stats for January and there were only 38 homes pending at that time, now two weeks later the homes under contract (pending and STI) have more than double to 93.

Is finally over, the waiting that is or should I say, is finally here. I'm talking about the Lexington Estates new real estate development. It has been a while (almost a year) since the first announcement came out about this new housing development in the Lexington area, since then quit a few people have ask some question like how far along the project is? How long before they will be available for viewing? What are they going to be like? Well, the first few homes are already done and ready, beginning tomorrow February 9, 2008 they will be open for public viewing every weekend and beginning on April first they'll be open daily. So, if you are one of those people interested on one of these homes the chance to see what they are like is here. Come and visit Saturday or Sunday from 12:00 - 4:00.

If for any reason you haven't heard about this and have no clue about what I'm talking about, visit my post The New Development Lexington Estates - Kelso Washington where you can learn more about this. For any other questions e-mail me or give me a call.

Directions - I-5 from N or S to Exit 42 across new bridge, Right on Westside Hwy, Left on Rainbow Way, Left on Penny Lane.