Living Green Olympia: Olympia Real Estate Market Update

Olympia Real Estate Market Update

Olympia Real Estate Market UpdateOlympia Real Estate Market Update

2010 has welcomed a productive Olympia real estate market, with the number of sales up 5% from first the first quarter of 2009 and market time down. However, we are beginning to see the impact of the Olympia short sales and foreclosures market, with median prices in the first quarter of 2010 slipping 7.5% from the first quarter of 2009. With the deadline for the homebuyer tax credits looming this week we will soon see how buyers react to a market without cash incentives. Here is a look at current Olympia real estate market conditions:

 

Olympia Real Estate First Quarter 2010

268 sold, totalling $72,032,344 (2009: 223 sold, totalling $63,557,096)

Median Sales Price: $244,000 (2009: $263,799)

Median Days on the Market: 49 (2009: 68)

Percentage of Homes Sold in 30 Days or Less: 32.84% (2009: 26.91%)

 

Olympia Real Estate Pending Sales: (4/25/10)

289 pending sales

Median Price: $249,900

Median Days on Market: 40

 

Olympia Real Estate Active Listings: (4/25/10)

875 active

Median Price: $299,000

Median Days on Market: 61

 

*Data excludes manufactured homes and condominiums

 

Currently Available Olympia Real Estate Listings

Use this map search tool to drag, zoom, and click your way to listings anywhere you'd like. View this map in a new window or tab. Please note that only 100 listings at a time are shown on the map. Click 'Next Set' to view the next 100, or refine your search by clicking 'Search'.

Customized Olympia Real Estate Market Report

Find out how your home stacks up to the competition and see how changes in the Olympia real estate market have impacted your home's value. Fill out the form below to get a FREE, no hassle market analysis customized for your home.

 

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Mike Conner

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Olympia WA Real Estate

 

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Comment balloon 0 commentsMike Conner • April 25 2010 06:04PM

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