2008 Housing Market Update
January 31st, 2008 Posted in Current Events, Real Estate Statistics, Walla Walla Real EstateEveryone is interested where the current real estate market is heading. This will give you an idea of what the real estate market is doing today.
Washington state only has a fraction of 1% of all home loans that go into foreclosure. The top ten states with the highest forclosures are 1. Nevada, 2. Florida, 3. Michigan, 4. California, 5. Colorado, 6. Ohio, 7. Georgia, 8. Arizona, 9. Illinois, and 10. Indiana.
Housing prices have increased over the years. In 2007, home prices increased in 37 out of 39 counties. Below you can compare the Median Resale Price for the counties in Washington.
|
County |
Median Resale Price |
% Change (year ago) |
Housing Affordability Index |
1st Time HAI |
| Adams |
$ 104,300 |
7.6% |
160.3 |
108.0 |
| Asotin |
$154,100 |
4.9% |
126.8 |
73.2 |
| Benton |
$172,400 |
3.6% |
154.6 |
92.9 |
| Chelan |
$250,000 |
11.7% |
86.0 |
49.9 |
| Clallam |
$255,000 |
10.4% |
83.9 |
48.6 |
| Clark |
$278,700 |
1.2% |
92.9 |
56.6 |
| Columbia |
$132,500 |
26.2% |
149.3 |
86.0 |
| Cowlitz |
$197,500 |
8.0% |
108.0 |
64.8 |
| Douglas |
$239,900 |
6.6% |
87.0 |
54.2 |
| Ferry |
$158,000 |
4.8% |
102.0 |
61.3 |
| Franklin |
$172,400 |
3.6% |
115.6 |
76.7 |
| Garfield |
$154,100 |
4.9% |
132.7 |
71.6 |
| Grant |
$169,100 |
22.5% |
110.6 |
69.7 |
| Grays Harbor |
$180,000 |
13.9% |
105.5 |
63.7 |
| Island |
$320,000 |
1.6% |
73.5 |
45.5 |
| Jefferson |
$320,000 |
-3.0% |
68.6 |
39.7 |
| King |
$472,000 |
9.1% |
64.7 |
36.1 |
| Kitsap |
$300,000 |
5.8% |
88.9 |
53.5 |
| Kittitas |
$259,700 |
1.8% |
83.1 |
42.1 |
| Klickitat |
$185,700 |
N/A |
100.7 |
60.3 |
| Lewis |
$214,100 |
12.9% |
93.5 |
56.0 |
| Lincoln |
N/A |
N/A |
N/A |
N/A |
| Mason |
$224,700 |
15.2% |
96.3 |
59.0 |
| Okanogan |
$189,000 |
35.0% |
87.0 |
53.6 |
| Pacific |
$143,000 |
-8.3% |
127.5 |
73.5 |
| Pend Oreille |
$158,000 |
4.8% |
110.5 |
67.9 |
| Pierce |
$288,700 |
3.3% |
89.8 |
52.8 |
| San Juan |
$585,000 |
33.6% |
39.1 |
23.1 |
| Skagit |
$272,000 |
0.7% |
86.7 |
53.0 |
| Skamania |
$225,000 |
N/A |
89.1 |
56.4 |
| Snohomish |
$370,000 |
3.6% |
76.8 |
46.6 |
| Spokane |
$207,400 |
8.2% |
107.7 |
60.1 |
| Stevens |
$158,000 |
4.8% |
118.6 |
72.0 |
| Thurston |
$270,000 |
5.0% |
98.1 |
58.3 |
| Wahkiakum |
$222,000 |
5.7% |
93.6 |
58.6 |
| Walla Walla |
$206,500 |
11.6% |
102.3 |
58.1 |
| Whatcom |
$290,000 |
0.9% |
81.8 |
45.8 |
| Whitman |
$216,900 |
13.9% |
98.4 |
44.2 |
| Yakima |
$160,000 |
15.0% |
116.6 |
71.4 |
| Statewide |
$314,000 |
4.4% |
81.8 |
48.2 |
The Washington Association of Realtors represents over 25,000 real estate professionals and over 1.83 million homeowners. For additional information call (360) 943-3100
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