Here is the Lacey WA real estate update for June 2015.
Why live in Lacey?
Lacey residents take pride in their town! The city sponsors many events throughout the year to promote a sense of community with events such as this one:
Nearly 20 percent of Lacey is made up of parks and green space, giving residents lots of places to walk, relax and enjoy a bit of nature. But green space isn’t the only thing green about Lacey. It is one of the few cities in the US to be an official EPA Green Power Community, for its commitment to green power use.
Lacey is also popular with commuters who need easy access to I-5, and Lacey is approximately 30 minutes to JBLM.
Schools: Most residents in the area are in the North Thurston School District.
Types of Homes: There is a mix of new construction and mid-century homes in Lacey. Neighborhoods include Capitol City (on the Capitol City golf course), Hicks Lake, Horizon Pointe, Long Lake, Pattison Lake, and Tanglewilde. Search Lacey WA homes for sale.
Lacey WA real estate market snapshot
Sales Prices continue to rise steadily in Lacey, and this increase is a healthy rise in price, at a sustainable pace.
With 2 months of inventory, 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 remained steady, and is up slightly from last year. 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, but buyers shouldn’t wait too much longer.
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.)
Curious to know what your home is worth? Click here to learn more.
Visit my website to search Lacey 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! Also click here to learn what NOT to do when buying a Lacey WA home.
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!