South Olympia WA real estate market update for September 2015

Here is the South Olympia WA real estate market update for September 2015.

South Olympia real estate market update.  As fall approaches, the market is still going strong.  These market stats are not SCARY at all!

South Olympia WA real estate market update September 2015

All the numbers look great for the South Olympia WA area!

  • Sales Prices are up.
  • Number of home sales is down slightly – off by 10 sales.
  • Inventory numbers have improved.  Between the buyer activity and the fewer listings on the market, this has pushed South Olympia into a strong seller’s market.
  • Number of listings has improved with fewer homes on the market, leaving buyers with fewer choices and sellers with less competition.

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 South Olympia?

South Olympia is considered a desirable part of Thurston County by its residents.

South Olympians have lots of sidewalks and biking paths, and many enjoy the amenities of the YMCA, which has an indoor swimming pool. Ward Lake and Chambers Lake offer lakefront homes and water activities, while the Carlyon neighborhood offers a mix of mid-century and older vintage homes. Watch my walking tour of the South Capitol neighborhood:

Schools: Many residents covet the Olympia School District, especially Olympia High School. There are residents in this area who belong to the Tumwater School District.

Types of homes: South Olympia offers a mix of new construction, mid-century as well as vintage homes. Search South Olympia homes for sale.

 

Curious to know what your home is worth? Click here to learn more.

Find homes for sale in South Olympia, WA.
Visit my website to search South Olympia, 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 (francine.viola@cbolympia.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.

Click here to see the market updates for West Olympia, WA.

Click here to see the market updates for Boston Harbor, WA.

Click here to see the market updates for North Olympia, WA.

Click here to see the market updates for East Olympia, WA.

Click here to see the market updates for other areas of Thurston County.

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!

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