I was recently asked what’s up with small acreage home-sites in the Washougal, WA area.  The sales presented in the MLS were reviewed.  This is a macro overview of the recent market activity in MLS area 33.

Home-sites in the range of 2.5 acres to 6 acres were reviewed.  This size range included the most activity and represented the most common site sizes for residential housing.

What I found was that in all of 2006 there were 10 sales that fit the criteria.  They had a sale price range of $149,000 to $315,000.  The average was $200,090.  The average days on market was 88.

In 2007 there were 15 sales reported.  They had a sale price range of $110,000 to $269,000.  The average was $185,043.  The average days on market was 134.

In the last six months the stats were:  Price range from $140,000 t0 $210,000 with an average of $175,375.  The average days on market was 175.

So, as you can see, the average price went from $200,000 to $185,000 to $175,000.   And, the average days on market went from 88 to 134 to 178.

Looks like the market for small acreage in Washougal is experiencing the same kind of market the rest of the Metropolis is experiencing.

Ralph Olsen, Appraiser

Pacific West Appraisal Services, Inc.

pwas.net

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