AVERAGE SALES PRICE UP NEARLY $6,000! There is a common misconception that the market slumps in the winter months. The graph above (from InfoSparks) goes back to 2016. Show me where you see a slump! Sure there may be one month down or even, but then it goes right back up again. Just to give […]
Part 5: Title Contingency Addendum The Title Contingency Addendum, or 22T as we call it in the biz, is a very important 1 page form. Although about half a page long, the 22T is a protection for the buyer regarding the ownership of the property. Encumbrances Let’s say there is a neighbor who thinks they […]
AVERAGE SALES PRICE CLIMBS $3,500! The chart above is a 13 year history of the average sales price in Lewis, Thurston and Cowlitz Counties. As you can see, Lewis County reached the peak of 2007 before the market collapse and those prices were already surpassed by January of 2018. PREDICTING THE MARKET Last year at […]
The August Lull Strikes Again! After reviewing the stats from last month, we saw a slower and slower increase and then a decrease in median home price. I wondered whether this was the peak of the market or just the annual end of summer lull when everyone goes on vacation and real estate slows down. […]
This is the 2nd part in the series of The Anatomy of the Deal where we’re breaking down the purchasing process into bite size pieces. In the first part of this series, we discussed the offer form. You can find that post at …
MEDIAN AND AVERAGE SALES PRICE DROP FIRST TIME SINCE JULY 2017
Buying or selling a home is one of the largest financial transactions of your life! Most would agree, it’s also the most stressful and unnecessarily complicated processes out there…
“Why can’t I find any homes to buy?” is a common question I get asked. While there are many factors that I’ve discussed before, I thought it might be easier to understand…
APRIL TO MAY AVERAGE SOLD PRICE JUMPS NEARLY $5,000! Take a look at the two graphs above. What do you see? They are almost mirror images! If you thought prices were high last year, well, they’re up nearly $25,000 on average from last year. This is both a good thing and a bad thing. The […]
April 2019 Market Update Last month’s update showed prices increasing, homes for sale decreasing, and median days on market sputtering, but decreasing again. To update those stats, here is a general view of the market in Lewis County. March to April median home prices increased just under 1% (.009) March to April average days on […]