Real estate Olympia, WA - Market Report

If you are looking for homes for sale in Olympia it is important to judge the trend of the real estate market in here. Reviewing the trends would definitely give you an idea about what kind of a home you can buy in Olympia and how much you need to spend.

At present there are around 1,041 new homes and resale in Olympia. This includes nearly 4 open houses along with 286 other homes in the auction stages, pre-foreclosure stages or bank-owned stages pertaining to the process related with foreclosure.

The average price for listing homes for sale in Olympia was around US$ 360,913 for last week of the previous month and there was a decrease in 0.6% or US$ 2,097 in terms of value if the records are compared to the records of the week before.

The usual price quoted per square foot for homes for sale in Olympia is US$ 132 which has experienced a decrease of around 3.6% in comparison to the same period in 2008. The median sales price for homes for sale Olympia for the beginning of 2009 was US$ 227,222 which is according to the sale of 24 home. In comparison with the same period in 2009, the median sales price for homes was increased by 5.3% or US$ 11,407 in terms of value. The number of home that were sold there was a decrease of 52%.

The popular neighborhoods within Olympia consist of the Eastside and the North East side where the average price for listing ranges from US$ 250,237 to US$ 345,557.