Tuesday, October 29, 2013

A 5 year history (5 acres or more) in Thurston County WA



This 5 year history spreadsheet increases the land size to 5 acres or more in Thurston County.
A 5 acre or larger land sale has always been one of my favorite, most challenging and rewarding aspects to my real estate practice.

A 5 Year History of
Land Sales in
Thurston County
5 acres or more
Average
Days on
Median
Average
Total Sold
Market
Price
Size
SP%LP
2013
52
442
$87,500
9.34
91.13%
2012
61
390
$80,000
10.89
87.30%
2011
64
330
$96,000
15.24
88.13%
2010
56
412
$86,000
10.04
90.66%
2009
52
245
$106,500
7.60
90.28%


In summary:
  • The combined average market time over 5 years comes in at 361 days.
  • Larger parcel land value has dropped -24.9% in the last 5 years.
  • The average sold land size was increasing as the values were decreasing. More land for less money
  • The SP%LP, after a year of waiting/hoping to sell, the buyer expected another 10% off the asking price. 


a Buyer’s market

Stress doesn't come from the facts; stress comes from the meaning that we give those facts. Tony Robbins













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