Housing market shows gains in sales and prices

rboone@theolympian.comJanuary 23, 2014 

The Thurston County housing market took another big step in distancing itself from a slower period as total home sales jumped dramatically in 2013 from 2012, according to an annual recap of the market released Wednesday by the Northwest Multiple Listing Service.

Home sales rose 17.5 percent to 3,422 units from 2,911 units in 2012, making it the second best year for home sales since 2007, the combined single-family residence and condo data show.

Median prices also increased, but not to the extent that they did in Pierce County and King County.

Thurston median prices rose 3.94 percent to $224,000 from $215,500, the combined data show, but median prices shot up 11 percent in Pierce County and 13 percent in King County.

Still, median prices rose in Thurston County last year after they were flat in 2012.

Other county data for 2013:

 • If you bought a single-family residence (not a condo) in 2004, it has risen more than 20 percent in price through 2013. However, if you bought a single-family residence in 2007 or 2008 — the median price for both years was $265,000 — you likely are still underwater on your house. Following the housing bust, the median price of a single-family residence fell to a low of $218,000 in 2012.

 • Only two single-family residences sold for $1 million or more last year. That compares with 28 single-family residences in Pierce County that sold for that amount and more than 1,400 single-family residences in King County that sold for $1 million or more.

 • One condo sold for $500,000 or more, compared with 21 in Pierce County and 640 in King County.

 • Here are the median prices for the two largest school districts: $221,000 for North Thurston Public Schools and $244,325 for the Olympia School District.

Home sales

Thurston County annual home sales; single-family residences and condos

2007: 4,180

2008: 3,175

2009: 2,938

2010: 2,834

2011: 2,688

2012: 2,911

2013: 3,422

Source: Northwest Multiple Listing Service Rolf Boone: 360-754-5403 rboone@theolympian.com

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