About Mason County, WA

Belfair Real Estate~March 2012 Update~ What's Happening in the Local Real Estate Market?

It has definitely been a busy start to the 2012 year in the Belfair real estate market.

Home sales are slow but steady!! I personally, have been very busy taking care of my clients real estate needs, wants and goals; I am looking forward to a busy and successful year!

A couple of things that I have seen and that I anticipate as the year progresses:

1) an increase in the length of time it takes to close a sale due to lender efficiency, or inefficiency depending on how you want to look at it; This has actually been the case for the last year - closing dates stretching out longer. Crossing the t's and dotting the i's as underwriters review files, seems to be where most of the slow down in closing is coming from.

It is definitely a patience game on all sides.

2)The other topic that seems to be playing in everyone's mind right now is - will we be flooded with bank owned properties in the next few months?

It really is hard to say until it happens, but seeing that some of the lenders are offering a short sale option to owners before pushing the foreclosure process, we will more than likely see more short sales come on the market as lenders try to workout sales to get the homes off their books and keep the sellers and themselves from going through the foreclosure process.

Don't get me wrong - I am fairly certain we will see an increase in bank owned properties on the market, but this will be a year of more short sale homes being marketed than in previous years.

I have first hand knowledge that SOME of the short sale lenders have streamlined their process somewhat. The paperwork and seller requirements have become fairly consistant from one bank to the next and obtaining a contact for the transaction seems to be happening sooner. It is still taking a good solid 2 months to get an approval, but that is a lot quicker than 6-8 of the typical short sale approvals of previous years.

Again - each short sale seems to go at its own pace, BUT there does seem to be some light of a little more efficiency on the short sale lenders part. It is still a trying transaction for all parties, but can be a win-win for all as well. If you have the patience, a short sale can offer a very good home at a very good price.

3) Interestingly enough, the waterfront market seems to be very active. Buyers who maybe could not get into the waterfront market 4 years ago, can now make their dreams come true of purchasing a Hood Canal waterfront home. There are many, many great and affordable waterfront homes for sale, both lake and saltwater, out there and with interest rates as low as they are, now is the time!

I personally have seen an increase in showings for my Mason Lake, Hood Canal, Tee Lake and other waterfront homes listings.

4) I have also seen this past week two situations, where my clients were in multiple offer situations.

Now that can be really frustrating! Especially when it is believed to be a "buyers" market with supposedly, tons of inventory and we have multiple offers?! How can that be?

Crazy! But in reality - The buyers have been buying. The "average traditional" buyer and "average" traditional home for sale, that is move in ready and in average condition, - well - some markets are seeing a shortage of these types of homes. Which brings me to the next statement........

5) A home that is in move in condition, within the average median sales price for an average traditional, family home - is getting harder and harder to find.

Everything that is out there still on the market has already been "picked" through and tossed aside, except for those who want to take on a project and can afford or have the ability to do just that.

Wow! It REALLY IS going to be an interesting and exciting year in the real estate world!

Want to know more? Drop me a line, give me a call, or stop on in - I would love to chat with you about the local Hood Canal, Belfair, and surrounding area real estate market!

Oak Park Real Estate Shelton WA - Mason County - Market Report

Oak Park is a residential community located just outside the city limits of Shelton WA. The community has its own water system and homes are all on septic.

Homes - Active - 3

There are currently 3 homes for sale in Oak Park priced at $74,900, $127,900 from $139,900.

Homes Sold - 180 days

Seven homes have sold in Oak Park in the last 180 days. Prices ranged from $87,200 - $195,008.

Foreclosure Report Shelton WA

The following shows the current Foreclosure Sold Inventory data as well as the current "Active" and "Sale Pending" data for Bank Owned (REO) properties in Shelton WA for 2012.

Currently there are 38 single family homes active foreclosed homes in the Shelton market with a high price of $554,900 for a waterfront home on Spencer Lake. The low price is $24,999 for a Lake Limerick home needing repairs. Twenty homes are priced under $100,000, fourteen priced between $100,000 and $200,000, and four priced over $200,000.

Seven foreclosed homes have sold since the beginning of the year. The highest price home sold for $396,000 for a Hammersley Inlet waterfront home, and the low price of $30,000 was for a townhouse.

There are currently 22 foreclosed homes pending sale ranging in price from $39,900 - $325,000.

The most attractive people in the world are the ones who are interested in others-

Turned outward in cheerfulness, kindness, and appreciation,

Instead of turned inward to be constantly centered in themselves…

A quote of Pat Boone

What attracts you to other people? I am always drawn to the person who can laugh at themselves and their smile lights up the entire room.

I feel this is a great lesson and one that has taken me a long time to discover…

This post was authored and picture was taken by Paul Henderson. ©2012, All Rights Reserved, This content may not be reproduced or reprinted (Except for ActiveRain Re-blogging) without express written permission of Paul Henderson, RE/MAX Professionals, Tacoma, WA.

Great Values for Land in Timberlakes, Mason County WA

Bring the RV and the boat! Enjoy your weekend/vacation get away. Water skiing, or fishing on Timberlakes two lakes or crabbing and fishing,on Timberlakes private saltwater dock and boat launch that is located on Pickering Passage. The Community Parks feature a sports court for basketball, tennis, a picnic shelter, and disc golf course.

$ 6,000 - Annas Ct. (camping lot)

$ 8,000 - 41 E Willopa Place (possible owner financing)

$ 9,000 - E. Agate Rd (possible owner financing)

$ 9,000 - 1290 E Lakeshore Dr (possible owner financing)

$10,000 - 151 E Annas Wy (possible owner financing)

$ 13,000 - 1081 E Lakeshore Dr W

$14,000 - 121 E McLane Dr

$14,000 - 100 E Annas Ct (double camping lot with power)

$24,950 - 261 E Agate Dr (360 sq. ft garage/shop with electrical and attached 4 stall carport area 1128 sq. ft.)

Click the following URL to see the Listings:
http://www.matrix.nwmls.com/DE.asp?ID=4405211703