JBLM Real Estate & Foreclosures Newsletter Jan. 2013: Real Estate Market Momentum

Updated: Jan 12






JBLM Real Estate & Foreclosures Newsletter

Happy New Years from JBLM!

JBLM has had a really busy year in 2012, and our real estate market has too!  Our assigned strength has increased to approx 46,000 active duty (Army and Air Force), and this year JBLM is expected to exceed Ft Hood in active duty population!   The local real estate market and economy  has experianced a lot of growth as well, fueled both by JBLM and Boeing.  If you are moving here, congratulations..you will love it.  If you are already here, you know what I mean.

The attached press release is from the North West Multiple Listing Service, a service that consolidates real estate listings for all of Washington and Oregon, and of which I am a member.  As you read this, keep in mind that it accounts for the busy (JBLM area), and not so busy (rural) areas of the northwest.

I hope you find yourself with friends and family…and if you are deployed, hang in there and thanks for your service!  I know from experiance that spending a holiday deployed will make you appreciate the next one that you spend at home even more…and every one after that!   ~Phil

Real Estate Market Gaining MomentumSingle Family Homes + Condos

LISTINGS

PENDING SALES

CLOSED SALES

New Listings

Total Active

# Pending Sales

# Closings

Avg. Price

Median PriceKing

2,004

4,737

2,633

2,276

$435,304

$353,250Snohomish

796

1,754

1,114

806

$280,343

$257,000Pierce

877

3,239

1,136

841

$225,101

$195,000Kitsap

268

1,412

305

240

$281,215

$245,000Mason

86

675

47

57

$184,061

$159,000Skagit

103

708

139

115

$259,337

$214,900Grays Harbor

85

725

71

48

$121,898

$91,250Lewis

71

639

62

57

$142,471

$145,000Cowlitz

95

492

75

71

$152,082

$153,500Grant

65

499

54

36

$180,383

$166,995Thurston

253

1,183

255

197

$238,871

$220,000San Juan

19

349

20

17

$421,897

$375,000Island

87

676

94

95

$333,660

$264,000Kittitas

47

405

49

44

$259,043

$216,500Jefferson

41

403

41

34

$277,499

$284,000Okanogan

25

361

24

23

$193,500

$160,000Whatcom

208

1,205

221

192

$281,929

$238,950Clark

42

216

45

59

$241,642

$210,000Pacific

28

353

21

28

$110,904

$100,000Ferry

13

82

3

1

$149,900

$149,900Clallam

30

355

49

33

$205,506

$207,000Others

72

574

64

63

$200,685

$170,000MLS TOTAL

5,315

21,042

6,522

5,333

$327,652

$258,500

[[Signature]]

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