Mason County Real Estate Sales Summary for March 1 - March 15,2009

Here is a summary of the Mason County Real Estate Sales for March 1 through March 15, 2009.

 

There were 23 total real estate sales within the County in the amount of $3,002,500. Single family resales accounted for 11 of those sales followed by 3 New Single family, 3 unplatted land sales, 2 short plat sales and 2 platted lots.

 

There was 1 sale of a single family on 5+ acres and 1 commercial sale.

 

Real Estate Sales by Area:

 

Area A – (Shelton, Arcadia,Kamilche)               7 Sales             $890,000

Area B – (Hartstene island, Agate)                    3 Sales             $455,000

Area C – (North Mason )                                    5 Sales             $953,500

Area D – (Hoodsport,Union)                               8 Sales             $704,000

 

Prices for single family resales ranged from a high of $299,000 in the Happy Hollow area of Belfair and the lowest priced unit was a  single family home in Shelton selling for $75,000. The average price for this period was $158,864 with a median price of $145,000. Lots averaged $54,250.

 

On the Loan and Mortgage side there were 146 loans closed in the amount of $26,848,826. It appears that refinancing is still very active. Conventional loans were the most common, totaling 110 loans, followed by 6 VA’s, 8 Private loans, 14 ARM’S and 8 FHA’s.

 

The average conventional 30 year real estate loans were 4.96%. Adjustable rate loans were 4.86%.

 

Reminder: Plan to attend the free workshop from 6 to 8 p.m. on Thursday, April 23, at the LakeLand Village Clubhouse, 470 E Ranch Road in Allyn. An attorney, accountant and mortgage bank professional will be available to answer questions for homeowners, the real estate community and anyone interested in getting straight answers on how to avoid foreclosure and protect one’s investment.

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