Our Local Lewis County Market

As a Real Estate Professional I find it vital to know our current Real Estate Market and understand upcoming trends. Each month I gather data from the NW Multiple Listing Service to gain insight on our local market and compare it to past market data.

The largest selling product in most markets is single family residences (SFR) and Lewis County is no different. Let’s take a look at averages for Lewis County SFR sales.

Stats June 2013 June 2014
Number of SFR “SOLD” 54 71
Average Sales Price $150,729.00 $148,122.00
Days On Market 190 119

As you can see the total number of sales has drastically increased with the number of days on the market significantly decreasing. These are both signs of an improving market. Even though our average price hasn’t increased over a year, it’s held steady. Maybe we should look a little closer at immediate market conditions.

As of July 8th there are a total of 667 SFR for sale in Lewis County and 99 Pending home sales (homes that currently have an accepted offers waiting to close).

The average price of these 99 “Pending” sales is $167,549.00. WOW!!! That shows a definite up-swing in our market.

Already in the first week of July we’ve had 5 homes “SOLD”, that’s pretty good considering it was a Holiday weekend.

I’m looking forward to an improving housing market and stronger economy.


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate