Here is the Tumwater WA real estate market update for September 2015.
Tumwater 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 Tumwater 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 2 months of inventory, Tumwater area sellers are in a seller’s market. (A sellers’ market is 0-3 months of inventory.)
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 Tumwater?
Tumwater is a great middle point for Olympia and Lewis County employment centers with easy access to I-5. Tumwater is close to many State and Federal buildings, the Olympia Airport, parks, and shopping centers.
Tumwater is probably most famous for being the home of the Olympia Brewery, which claimed it was the water that made its beer so good. Although the brewery closed in 2003, the Old Brewery still stands along the Deschutes River. You can walk along the river and enjoy the Tumwater Falls in the heart of the city.
Residents, especially on Tumwater Hill, enjoy sweeping views of Mount Rainier and even Mt. St. Helens on a clear day, and views of the Capitol. Plus they have a very quick commute to the freeway, usually less than 5 minutes and they are close to the shopping mall in West Olympia.
Schools: Most residents are in the Tumwater School District.
What kind of homes: Tumwater offers a mix of new construction, condos/townhomes and vintage homes. Neighborhoods in Tumwater include Black Lake, Bush Prairie, Goldcreek and Tumwater Hill.
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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 (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 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!