September 2009 Sales Stats

Northwest MLS just published their residential sales stats for the month of September in Mason County:

- New Listings: Total 118 new listings
Median Price: $239,900, with Grapeview/Allyn area having the highest $322,000 and Agate area having the lowest of $177,250.

- Pending Sale Listings: Total 83 pending sale listings
Median Price: $159,000, with Union/Southshore area having the highest median price of $207,500 and Belfair/Northshore area having the lowest median price of $147,900.

- Sold Listings: Total 67 sold listings
Median Price: $181,500, with Harstine Island area having the highest median price of $367,500 and Mason Lake region having the lowest of $119,500.

Here is the sales stats statewide for the month of Sept:

http://www.nwrealestate.com/nwrpub/common/mktg.cfm

September real estate shows a jump in pending sales compared to a year ago, continued drops in inventory and brisk demand for homes at the lower end of the price spectrum. Distressed properties continue to be a drag on prices. The price drops as "a necessary adjustment given the number of short sales and bank owned property sales in the mix. (A survey by the National Association of REALTORS indicates distressed homes accounted for 31 percent of transactions in August and July.)

- Data source: NWMLS. Report compiled by PING Real Estate.