Tis the time of year when I am always looking back over current year business and forecasting what is coming up around the bend in '08. So I thought it was very interesting to read a recent article confirming that Thurston County seems to continue to have a strong real estate market, insulated from the severe downturns happening in some other locations around the country.
Price appreciation has been much flatter than a couple years ago - although we did still see median prices go up 2.3% for single family homes in a year over year comparison. That takes us to a median single family home price of $265,000 - still a pretty good value compared to other locations north of us on the I 5 corridor!
Our market is still benefiting from strong economic growth, with some new large companies opening their doors (including the huge new Cabela's), and a steady underlaying employment base with the state government agencies.
It looks to me like 2008 will be a very good year, as people realize that all real estate is really, really local - and that real estate in Thurston County is still an awesome investment!
Wednesday, December 12, 2007
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