Here is the East Lacey WA real estate update for June 2015.
Why live in East Lacey WA?
East Lacey is a growing part of Thurston County with housing, shopping and entertainment.
A newer addition to this area is the Regional Athletic Complex which features 5 baseball/softball fields, 6 soccer/football/rugby fields, playgrounds, walking trails and more. This complex is considered to be one of the finest outdoor sports complex in the state.
East Lacey offers the convenience of easy freeway access to I-5 for commuters and those needing to get to JBLM from either I-5 exit 111 or 114.
Schools: Most residents in the area are in the North Thurston School District.
Types of Homes: Neighborhoods include the desirable McAllister Park, Evergreen Heights, Tanglewilde, Lake Forest, Long Lake, Madrona Park, The Meadows, Thompson Place, Union Mills and The Seasons. There is a mix of new construction and mid-century homes in Lacey.
East Lacey WA real estate market snapshot
Sales Prices are continuing to balance out in East Lacey but we still predict an upward trend.
With 3 months of inventory, East Lacey continues to sit comfortably in a sellers’ market. (A sellers’ market is 0-3 months of inventory.) Low inventory and active buyers are creating this sellers’ market.
The number of homes listing for sale has gone down since last year, which is welcomed news for sellers. But sellers still need to continue to price their homes right. (Overpriced listings will still sit on the market, untouched by buyers, no matter the market.)
What does all this mean? Buyers are still enjoying historically low interest rates, even when it was predicted interest rates were going to rise by the end of 2014. That prediction didn’t materialize, and buyers still have time to lock in to a great rate. Current rates are at about 4% with VA and FHA buyers enjoying even lower rates.
Sellers who have been waiting to sell, can now be confident they CAN sell and in some cases, see a profit.
Sellers who purchased in 2005-2009 (the height of sales prices) are still waiting to see gains on average. The market has not yet recovered fully to recoup the fall of the market during those years. (To emphasize, these are county-wide averages.)
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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 (email@example.com) 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!