Cowlitz News and Real Estate

Selling A Home In Today's Cowlitz County Real Estate Market

Selling a home in any real estate market is very challenging task in this economic crisis but this post is about the Cowlitz County real estate market and some of the issues home owners are facing around here. First of all, now is not the time to have you home on the market if you don't absolutely need to sell but if for whatever reason you must sell your home, there are something you can do to assure it sells fast and save you the headache many sellers are experiencing on this market.

Way too many overprice listings. Cowlitz County home owners don't want to face the fact about how much the market have changed and are over pricing their homes. As you can see from the image below price reductions more than double the new listings, pending and sold homes almost daily, chase the market down is the worst thing a seller can do. Statistics show that the longer a home is on the market, the lower the selling price.

Price your home right. A home receives its best exposure during the first three to five weeks on the market, so if your home is price right from the beginning, you maximize your opportunity to reach the most qualified buyers. Agents will hesitate to show an overpriced home, unless it will make a competing property look like a better value.

Offer some incentives. To make your homes more appealing to buyers you can offer to pay for things like a home guarantee, buyers closing cost or down payment. More than likely another real estate agent will bring a buyer for you home so you can also make your home more appealing to agents by offering higher commission than competing homes.

For other seller tips click here.

For more information contact your Cowlitz County real estate professional Venancio Gonzalez a GRI, E-PRO Realtor®, with Windermere Real Estate Allen & Associates, 360 751 4001.

Lexington Estates Special

Once again but only for a limited time (only till December 31), Lexington Estates is making it easier for home buyers to get in to a new home. On top of the huge recently price reductions, Lexington Estates is offering to pay up to 3% of purchase price for buyer's closing cost, $1,500 SEARS home for the holidays gift card and if buyers use one of the onsite preferred lenders they can get an extra $1,500 bonus. This is a great opportunity to get in to a brand new home but is only good to the end of December so schedule your appointment today.

View all available Lexington Estates homes.

The numbers for the Cowlitz County real estate market for the month of October 2008.

The Cowlitz County real estate numbers for the month of October are down from previous months. Less homes for sale, less pending listings and just fewer more sold home than September. Below are the October numbers that will give an inside look at average and medium prices, average days on the market and what price range is more competitive and what price range is moving (selling) faster. Visit the following links to see the market reports for the months of September, August, and July.

Cowlitz County real estate Single Family Residential homes - October 2008   

Cowlitz County homes - Summary Price Information for active listings at the end of October 2008

Active listings - 700

Medium Price for active listings - $290,976

Average Price for active listings - $233,975

Average Days on Market for active listings -134

Cowlitz County Homes - Under Contract (Pending) at the end of October 2008

Listings pending - 88

Medium Price - $184,400

Average Price - $208,520

Average Days on Market - 117

Cowlitz County Homes - Sold on the month of September 2008

Number - 64

Medium Price - $158,500

Average Price - $180,099

Average Day on Market - 90

Most Competitive Price Range - $200,000 through $249,999

Actives Listings at this price range - 132

Most Active Price Range - $200,000 through $249,999

Actives - 132

Pending - 14

Sold - 10

Your Cowlitz County real estate professional, Venancio Gonzalez a GRI, E-PRO Realtor®, with Windermere Real Estate Allen & Associates, 360 751 4001.