This 5 year history spreadsheet increases the land size to 5 acres or more in Thurston County.

The 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 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

 

 

039

 

 

 

Categories: Blog, Uncategorized

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