Since many of the active buyers in the Olympia WA area are searching for homes in the price category up to $200,000, I am always interested in keeping tabs on inventory in that price bracket. And right now, we continue to have a pretty low inventory of homes to choose from.
Searching NWMLS yesterday for available homes in the Olympia/Lacey/Tumwater area, and including criteria of list price of $200,000 or less, and excluding manufactured homes and condos, I find 226 homes listed.
And it gets worse if you are a buyer looking in that price range and needing something you can move into in 30-45 days. If I exclude short sales, now the available homes shrink to 156. And then I exclude "fixer" condition homes, and the number drops to only 109 homes to choose from.
That, in a nutshell, is why we are seeing non short sale, average or better condition homes sell VERY quickly, often with multiple buyers competing for the chance to buy.
Olympia WA area real estate market under $200,000 - not such a buyer's market any more!
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Nancy Conner, City Realty Inc, 360-701-1086 nancy@cityrealtyinc.net
