October 17th, 2008
Mason County Real Estate Statistics/Sept 15-30 2008
Real Estate closed sales were slightly up during the last two weeks of September 08. The total Mason County real estate sold count was 79 properties amounting to $13,810,832. Of the 79 sold 38 of the sales were single family resales on less than 5 acres. Two single family resale homes on more than 5 acres sold and 4 new single family homes sold.
The Multi-family group posted 1 sale and there were 3 commercial/industrial sales. In the Land categories, 12 - land with mobiles sold, 13 - platted lots, 3 - short plats and 3 – unplatted pieces were recorded.
Prices for single family resale’s, on less than 5 acres, were all across the board during this period. For example, there was 1 sold for $500,000 or more, 1 between $400,000 and $499,000, and 1 between $350,000 and $399,000. All of the pricing ranges had 1 or more sales while the $200,000 to $249,000 range had the highest number of sales of 9 sold’s. 5 homes sold in the $180,000 to $199,999 range, 3 between $160,000 and $179,999 and 4 homes sold in the $145,000 to $159,999 and 4 in $130,000 to $144,999. There was actually one home that sold for under $25,000.
Within Area A (Shelton) the real estate sales count totaled 30 while 18 of the sales were single family homes. Area C (North end of the County) posted 26 sales, 11 of the sales were single family. Area D (Hoodsport/Union) posted 13 sales 5 of which were single family and Area B (Harstene/Agate) posted 10 of which 4 were single family.
A brief analysis of Mason County Real Estate during this period places the average price of a single family resale at $220,626 and a median price of $197,500. New Single family homes averaged $188,750 while the median was $192,500. Lots average price was $48,350 with a median of $40,000.
The average conventional 30 year real estate loan rate was 6.24% and the adjustable rate was 6.08%. There were 176 loans taken out in the amount of $26,190.948.
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