Thurston County Market Trends - Year-to-date August 2009
Residential sales volume for August 2009 is off 3% from July 2009
All Sales (vs. Year-to-date 2008)
~ Residential sales volume: off 28% to $585 million
~ Residential transactions: off 22% to 2,249
~ Mobile home sales on land: off 64% to $10 million
~ Plexes (2-5 units) sales: off 58% to $17 million
~ Land sales: decreased 57% to $32 million
~ Commercial volume: off 74% to $58.5 million
~ Average residence: $260,708, off 6%
Existing home transactions sold off 3% in August 2009 from July 2009
Existing Home Sales (vs. Year-to-date 2008)
~ Units sold: off 16%; volume: off 21% to $374 million
~ 1,427 units sold this year vs. 1,705
~ Average price off 6% to $261,843
~ Half homes (median) sold for less than $235,000, off 5%
~ Average $/SF for homes sold at $153.95 (all sales), off 8%
~ Best range: $250,001 - $300,000, with 32.6 per month
~ Second best range: $300,001 - $400,000 with 25.4 monthly
7.1 acreage parcels sold monthly, off 47% from last year; average price, $120,146, off 20%
Acreage Sales (vs. 2008)
~ 30.3 existing homes sold per month, off 12%; average price: $344,939, off 3%
~ Median price for existing homes: $310,000, off 4%
~ 3 new single family homes sold monthly, off 50%
~ Average price: $337,836, off 22%; median price for new homes: $327,475, off 6%
~ The $/SF existing homes: $180.48, off 6%; new: $143.34, off 17%
~ Average lot sizes, for existing homes: 4.1 acres, off 6%; new: 5 acres, up 48%
This August’s residential transactions were 6% fewer than last August
New single family homes units sold in August 2009 are up 9% from July 2009
New Single Family Homes (vs. Year-to-date 2008)
~ Average sale price: $285,534, off 11%
~ Median sale price: $267,487, off 6%
~ New homes represent 31% of volume and 29% of units recorded
~ 598 sold vs. 744 last year, off 20%; volume: off 28% to $171 million
~ Average $/SF: $136.16, off 8%
~ Best range: $250,001 - $300,000 with 22.4 monthly
~ Second best range: $300,001 - $400,000 with 17.3 recorded per month
Best range: $50,001 - $75,000 with absorption of 12.9 per month, up 10%
Subdivisions (vs. 2008)
~ The average lot sold for $62,975, off 27%
~ Half the lots sold for more than $55,000 (median), off 25%
~ 24.5 sold monthly vs. 29.3 last year, off 16%
~ Average lot represents 22.1% of average price of a new home; 20.6% of median to median
Attached unit sales off 13% in August 2009 from July 2009
Attached (vs. Year to date 2008) includes townhomes and condominiums
~ Average sale price: $190,076, off 8%
~ Median sale price: $185,950, off 4%
~ 45% (40 units) new
~ 88 sold vs. 184 last year, off 52%; volume: off 56% to $17 million
~ Average $/SF existing: $133.54, off 13%; new: $120.29, off 19%
~ Best new range: $190,001 - $200,000 with 1.8 per month
~ Best existing range: $170,001 - $180,000 with 1.6 monthly
Thurston & Pierce County Market Values: Customized to Suit Your Needs: http://www.lewis-mcchordhomevalues.com/
