Typically, the fourth Thursday of the month is about upcoming events, but that doesn’t seem to be a possibility at this time. Instead, here is an up to the minute market snapshot. I’ve had many people mention to me that the real estate market is crumbling. After looking at these stats, what do you think? […]
Market still going up, but appears to be leveling. Last month, the average sales price for residential property in Lewis County hit $278,138. At the end of February, that number has once again climbed to $279,996 for an increase of $1,858. In the last market update, I showed that while the average sales price climbed […]
Market Slowly Continues to Climb Average sales price in Lewis County rose about $1700 in the month of January. While not starting the year off with a “bang”, January 2019 only saw an increase of $900. Over the course of 2019, the market saw an increase of just under $35,000. I continue to hear rumblings […]
Average Home Price Up $4000 Welcome to a new year! I took the month of December off for blogging so I wanted to catch you up with what has happened during that time. December 2019 Market Update: The headline for this would have been that Home Prices DROPPED $1,000. That would reflect the month of […]
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 […]
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. […]
“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 […]