Hoquiam home sales up, rest of county down for the quarter
When looking at the Grays Harbor real estate market for the 3rd Quarter of 2012, the changes from last quarter are mostly negative with the exception of Hoquiam. Aberdeen sales dropped 31.8%, while Hoquiam sales increased by 15.7%. In East County sales are down 22.7%, and the combined Ocean Beaches showed a drop of 28.2%.
However, the number of foreclosed homes on the market in Grays Harbor County peaked in December 2011, and as of September 2012 had decreased by 43.4%. This is a trend in all areas of the county with foreclosed homes on the market in Aberdeen dropping by 72%.
Realtor Tom Quigg cites the opening of Harbor Paper as generating more optimism with local home buyers.
Quigg says, “Even with positive news, homeowners have a long way to go to fully recover from the housing downturn” .
Sales on the beaches accounted for 34% of homes sales last quarter, with Aberdeen showing 33%. Hoquiam only had 13% if the sales despite their overall increase.