Here is the Delphi / Black Hills WA real estate update for September 2015.
Delphi / Black Hills Real Estate Market Snapshot. As fall approaches, the market is still going strong. These market stats are not SCARY at all!
All the numbers look great for the Delphi / Black Hills area!
- Sales Prices are up.
- Number of home sales are up.
- Inventory numbers and number of homes listed for sale are improved. This is great news for sellers. Sellers have less competition but buyers have less inventory to choose from.
- With 3 months of inventory, the Delphi / Black Hills area sellers are in a seller’s market. (A sellers’ market is 0-3 months of inventory.) This is a huge improvement when at the bottom of the market, the inventory was 52 months!
What does all this mean? In a nutshell, the market has improved and is still improving for sellers, who are able to sell their home and in many cases, seeing a profit.
Buyers should be prepared to make decisions quickly, be willing and able to write a compelling offer, and be financially qualified with a reputable local lender.
Prices are still below what they should be, and there is still pent up demand. That means there are still buyers and sellers waiting on the sidelines to make their next move.
Why live in the Delphi / Black Hills area?
Delphi / Black Hills residents are in an area of homes on larger parcels of land. Buyers can find their coveted horse properties here! There are also some high-end neighborhoods including Field of Dreams and Cougar Ridge as well as the neighborhoods of Alpine Hills, Black Lake, Littlerock, Mud Bay, and Waddell Creek. This area also includes part of the Capitol State Forest.
Schools: Many residents in this area are in the Tumwater School District.
Types of Homes: There are a wide variety of choices between homes on a golf course, horse properties and larger acreage homes with mountain views. Buyers can also find unique, custom-built homes along with manufactured homes and homes in subdivisions.
What to do in Delphi / Black Hills?
The McLane Creek Nature Trail is a great excursion off of Delphi Road. See this short slideshow video here of the McLane Creek Nature Trail.
Curious to know what your home is worth? Click here to learn more.
Visit my website to search Delphi / Black Hills, WA homes for sale, or sign up and get notified when homes that meet your criteria come up on the market. Be the first to know of a new listing!
If you’d like to learn more about how your home fits into this market and would like a personalized home evaluation, feel free to email me (firstname.lastname@example.org) or call me today at (360) 359-0689. With no obligation, I can give you straight-forward, fact-based information so you can decide if the time is right to make your next real estate move.
Local statistics compiled by Francine Viola from NWMLS data. Statistics not compiled or published by NWMLS (Northwest Multiple Listing Service).
Originally posted and written by Francine Viola at her blog site: www.InTuneRealEstate.com, where you can learn more about the real estate market in Thurston County and get tips and advice for a smooth real estate transaction!