If you are staying in close proximity to Washington State or thinking of moving here, then you have made the right decision. As a capital of Washington, Olympia has tons of job opportunities and it’s a tourist hotspot. There are varied places to visit around the city of Olympia, historical landmarks and national parks; all of these make the place an ideal place for hanging out. The places, which have an attribute of drawing tourists, are more likely to have a booming and flourishing real estate market. There is a cultural side associated with this place like museums, historical landmarks, art festivals, wineries, theatres, and other places of cultural significance.
Due to the recession, the latest news points out that though the prices of houses has gone down, the real estate market in this part of the country is beginning to rise again. Olympia real estate is still stronger and stronger after the recession. If you are looking for homes for sale in Olympia then this is the right time to invest. These homes will impress you and will offer you the perfect surroundings of both the mountains and the sea of the Pacific Northwest.
Contemporary Californian designs with skylights, vaulted ceilings, and open floor plans are unique features of Olympia homes for sale. Like the other parts of the country the home value price in Olympia, CA has grown faster than the income, which has had a negative effect on the purchasing ability of the residents here. In spite of these drawbacks, the market here is still growing stronger than most of the places in the country. The recent market trends in this part of the country show that there has been a considerable drop in national home value median for single family but the median home value has increased as per the Washington Center for Real Estate Research at Washington State University.
As per the recent Washington State University research, the home value and sales varied significantly across the region. The median home value prices range from $500,000 in the San Juan County and to under $150,000 in Adams County. Due to its labor and economic situation the home value averages and real estate market has been affected. But the good thing about this place is that the job market is expanding day by day and it’s expected to stay strong. This will keep the dice rolling for the property developers and real estate agents. But the income growth still has a long way to go to catch up to the home prices here.