Columbia County Market Data
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Columbia County Total Sales |
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High |
Low |
AVERAGE |
MEDIAN |
TOTAL PRICE |
LISTING COUNT |
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Total |
LIST PRICE: |
$405,000 |
$10,000 |
$131,778 |
$130,000 |
$7,511,400 |
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2010 |
SOLD PRICE: |
$405,00 |
$4,000 |
$124,586 |
$116,000 |
$7,101,450 |
57 |
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DOM: |
862 |
0 |
172 |
127 |
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Total 2009 |
LIST
PRICE: |
$1,000,000 |
$19,900 |
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39
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| SOLD PRICE: |
$735,700 |
$13,000 |
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DOM: |
1180 |
185 |
234 |
187 |
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Total 2008 |
LIST
PRICE: |
$853,000 |
$39,900 |
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$127,425 |
$9,195,321 |
56 |
| SOLD PRICE: |
$663,872 |
$20,000 |
$148,945 |
$115,200 |
$8,340,383 |
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DOM: |
407 |
17 |
160 |
155 |
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Total
2007 |
LIST
PRICE: |
$325,000 |
$29,900 |
$129,931 |
$120,000 |
$8,965,299 |
69 |
| SOLD PRICE: |
$300,000 |
$20,000 |
$122,685 |
$115,600 |
$8,465,277 |
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DOM: |
1057 |
0 |
158 |
112 |
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Total
2006 |
LIST
PRICE: |
$845,000 |
$17,000 |
$126,861 |
$97,500 |
$12,305,548 |
97 |
| SOLD PRICE: |
$900,000 |
$17,000 |
$120,832 |
$96,000 |
$11,720,730 |
| DOM: |
911 |
6 |
180 |
105 |
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2010 sales surpassed total sales for 2009 and 2008 sales. We are encouraged to see very significant increases in website viewings, showings, offers and closings compared to a very slow 2009. The low interest rates, large inventory and current outstanding values are having a positive effect on the real estate market in Columbia County. This flurry has continued through the fourth quarter. Buyers also realized that this is an optimum time to buy. They are seeing that interest rates are likely to rise and are feeling a little pressure to take advantage of the low interest rate window, low prices, foreclosures and also took advantage of the home buyers tax credit that expired at the end of April. Many investors are also looking at lower priced housing to take advantage of the influx of windmill workers looking for rentals for the new phases of windmill contruction.
Sales and pending sales have skyrocketed in comparison to the same time last year. A large portion of the sales were due to people trying to take advantage of the home buyers tax incentive. Even in this post tax incentive time, there is still a great deal of activity on both the buyer and seller side. There are still eight contingent or pending sales which is way above average for this tradionally slow time of year.
The national news reports have everyone convinced that home values have been plunging. That has not been the case in Columbia County. As you can see above, sales have slowed since the 2006 buying frenzy, but median and average values have steadily been increasing. They continued to increase even through 2010 until three recent sales of foreclosed homes. These three sales finally reduced the year's median and average price for the first time in recent years.
We also attribute the higher sales volume to a combination of out of town buyers seeking relatively low cost housing in a stress free environment, along with a stable economy anchored by the school, hospital, Columbia County seat and further bolstered by the Puget Sound Energy windmill projects.
Keep in mind that a small number of total sales is subject to substantial percentage changes with a few large or small sales.
Source: Walla Walla Multiple Listing Service. Only contains Columbia County properties sold (zip code 99328,99359). This information is deemed reliable, but not guaranteed.
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