Living Green Olympia: Tanglewilde Neighborhood in Lacey WA - Market Report

Tanglewilde Neighborhood in Lacey WA - Market Report

Since I have an investor client who is in the process of rehabbing a home in the Tanglewilde neighborhood in Lacey WA, I have been keeping tabs on the real estate market in the neighborhood.  Tanglewilde is a large neighborhood, so there is a fair amount of real estate activity at any given time.

 

 

Tanglewilde neighborhood

When I did a search of our MLS info for the Tanglewilde neighborhood, here is what I found (as of 6/22/12):

Active listings for sale - 4 at sizes ranging from 984 square feet listed at $129,900 to a 1749 square foot home listed at $189,950. 

There were also 3 homes with pending sales in process, and their list prices ranged from $194,500-254,950. 

The homes sold in the last 6 months totaled 10 and those sale prices ranged from the low end at $124,500 up to a sale at $249,900.  Median sales price was $177,250 and average size of those sold was 1981 square feet. 

This data definitely includes both homes owned by banks and in need of repair or updating as well as those already nicely updated and maintained; and the price variation does reflect this range of condition.

What I also notice is that there is a relatively small number of homes to choose from in the Tanglewilde neighborhood right now. And with summer making that neighborhood park and swimming pool look very good to buyers, I anticipate seeing more active listings move into the pending and sold ranks soon.

 

 

                                                                           

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For Info on the Communities of Olympia, Lacey & Tumwater  WA and the real estate to be found here, just call me, text me, email me!  And I'd love for you to subscribe to my blog.

Nancy Conner, City Realty Inc,    360-701-1086     nancy@cityrealtyinc.net      

Comment balloon 0 commentsNancy Conner • June 28 2012 12:19PM

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