Right now I am seeing a lot more cash in the real estate market then I have before. I am also seeing more price reductions as well. What does this mean, depending on where you are at and what position. It may mean a great time to invest in the real estate market. Ron Rougeaux is based in Olympia but serves all of Washington State! Call /Text me 360-338-8355 Email CaptainRonJr@gmail.com
Right now the sun is shining bright and the weather is hot (smoking hot) and summer is here full force. This is why we live here in the PNW, best summers. You have the mountains on the cascades and olympics glittering bright with the snow reflecting the sun, just enticing you to come hike. With the waves in the Puget sound and rivers and lakes throwing the sun right back at you, saying come in and swim and fish in our waters. Yep nothing better in the summer than in the PNW and with no abundance of mosquitoes at least where we live at the lake. You can just setup your chair and really enjoy one of the last slices of nature before you head to Canada and Alaska. Of course in the high woods and mountains, yes we do have bears and Mountain Lions, coyotes and wolfs.
With real estate I believe everyone has learned or is finally learning – Location is everything. And yes sometimes you can’t get the perfect location. But when you can, nothing is better than that amazing location. In my opinion these are my 3 top locations for a Primary or Investment home.
- Waterfront pure and simple. Nothing is better than having water at your back or front door and being about to jump in for a swim or paddle/boat off into the sunset. It is the best spot to be in the hot summer days and everyone will want to becoming over for that bbq and swim/boat time. Now with that said, yes some waterfront is not good. (If you are in a flood zone or a very swampy location). Remember even with waterfront there are prime locations, good spots, and then just okay spots. With regards to the PNW in Washington state we have Salt water and Fresh Water locations. We then can go further with location here in Washington state as we have a lot of choices to pick from. Would you prefer lake or river/stream or would you like salt water bay/sound or oceanfront? This is totally up to you and to be honest, all waterfront in my mind is a solid purchase. Of course there are levels of prime locations on the water front as well. For example on the lake a clean spot for swimming and dock with boating in front of your house is perfect. But as the same lake if it is marshy and you can’t really swim and too shallow for a boat, while again you are waterfront but less desirable location. Budget will also have a huge determining factor on what you can pick/afford. And at the end of the day, I believe water front is 100 times better than a cookie cutter home with pavement and homes all around you.
- 2. Land and great large raw land with maybe a creek/river or pond or if you are lucky to have large land with salt water. Land is becoming harder and harder to find. There are many factors to why there is less land, the obvious is more people and more people wanting land instead of living downtown or in the cities. The big chunks of raw land that are clean, by clean I mean no wetlands or gophers to stop you from being able to build. Also flat with some hills is good, but steep and extremely hard to build on lots is also not the best. So you will always have different levels of land that is Best to not the best. I will say when the land is private and doesn’t have eye sores around it, being that of either man built/living presence or views such as mud flats or swamps. The really nice pieces of land usually get sold off market to investors/developers or if you are hunting for land, a really good real estate broker will call around for you to see if any owner is looking to sell. Another great way to buy big chunks of raw land is to look for timber land from logging companies. Sometimes these lots are further out in the country. But if you can afford to buy and hold on to the property until it is built up around you or development has come close to the big chunks of land you can make a good penny developing the land or selling to a developer/investor.
- 3. Downtown Residential/Commerical Downtown Residential/Commerical is amazing and can always be fun and exciting living or living/working close to all the action of a downtown city. Depending where the city is, you can have key locations downtown, if there is water then of course closer to the water or even better on the water is of course the best of the best you can get. If you have a residential of condo on a nice corner spot with restaurants and bars with cute stores, this again is very attractive and definitely helps the value. I really like if you can find a building to buy that has residential on top and a commercial unit on the bottom that you can either rent or use yourself for a business. These always are great buys, but harder to find sometimes. If you are just looking for commercial buildings, I usually recommend making sure the buildings are in key locations, unless they there in gentrification going on through the downtown key areas. These area are called opportunity zones and have awesome tax advantages and if you hold them for a key time period are a great investment, as long as it is just not sitting there vacant.
Please Call ME instead of just getting sent a random Real Estate Market Report. Yes the reports are fun to look at and if you know what you are reading, awesome. But wouldn’t you rather talk about the market while seeing the numbers in person or on a zoom meeting.
Any realtor can pull reports and send them to you. There is a huge difference if the realtor can sit down and explain the reports, actually show you what is going on in the local market. Even better is if the realtor has rentals and investment homes, and can show you their success in the real estate market.
And yes it is cool to know the US Market statistics at the Macro level, but ultimately the micro level of the area you are wanting to buy and sell is huge. We can take this on multiple levels depending on what you are wanting to accomplish in the real estate market. Are you wanting to invest, sell a home, buy and flip or buy in another part of the country? All of this requires you to look at different graphs and compare what your ultimate end goal is. So yes getting a report is great, if you are bored and want a Sunday read. If you want a specialized report for your specific needs, call me and we can talk. And then I can make you a detailed specific report and show you what the market is actually doing for what you are looking for.
Call /Text : 360-338-8355
Email : CaptainRonJr@gmail.com
The capital of Washington State is 60 miles south of Seattle on the southern end of Puget Sound. Budd Inlet goes right into the center of the city. Olympia is a perfect place for those who love the outdoors as well as love the city. The ocean is a little way to the west, and the mountains are a little way to the north and east. Tacoma and Seattle are a short drive.
Olympia has a decent cost of living – definitely more affordable than Seattle and Tacoma. They are very proud of their public transportation system with the Sounder Train and an extensive bus system. Amtrak also has routes to Tacoma and Seattle by train. Many people work for the government, but great jobs are available in technology, distribution, healthcare, and hospitality.
If you love the outdoors (and the rain), you’ll enjoy the many parks, forests, and waterways. Rock climbing, backpacking, and kayaking destinations are right outside your door. Mt. St. Helens, ocean beaches, and Hood Canal are a short drive. Heritage Park is next to the State Capitol, Capitol Lake, and downtown Olympia. The Billy Frank Jr. Nisqually National Wildlife Refuge is a national natural landmark with 275 migratory bird species, marshes, and an abundance of salmon.
Those who like the performing and visual arts will not be disappointed in the selection of theaters, concerts, and art museums. The Squaxin Island Museum teaches visitors about native tribes in the area. The Wet Science Center is all about water.
Living in Olympia, WA
Children attend the Olympia School District. There are 11 elementary schools, four middle schools, and three high schools. There are several private schools, as well as good support for homeschooling families. South Puget Sound Community College and Evergreen State College provide associate, bachelor, and master’s degree programs for higher education.
With 33 neighborhoods on all sides of the inlet, moving to Olympia is all about finding your perfect home. Some have gorgeous views of the water, some have great proximity to downtown, some are great for families, and some are on the outskirts where it’s quiet. Here are a few highlights to get you started.
Cain Road has 835 newer upscale homes supported by an active homeowner’s association. Home prices vary from $350,000 to $930,000. The majority of the homes were built in the 1950s through the 1990s. Most homes have 3-4 bedrooms. The average commute time is 10-19 minutes. The median household income is nearly twice that of the rest of Olympia. There are two local parks in the area – Watershed Park and McGrath Woods Park. Children who attend the Washington Middle School do not have to go far.
Castlewood is a larger community with a population of 1266 and a median home price of $325,000. This is a family community with residential homes and amenities. There are several parks in the area, including LBA Park, Margaret McKenny Park, and Chambers Lake Trailhead Park. Johnson Berry Farm is close by for berry picking. Children attend Margaret McKenny Elementary School and Washington Middle School.
The Ultimate Neighborhood Guide To Hilltop, Tacoma READ MORE
East Bay Drive
A narrow neighborhood right on the coastline, East Bay Drive has condominiums, waterfront properties, and gorgeous homes. There are beaches in your backyard, and nearby at Priest Point Park. Take a hike on the rocky beachfront alongside Ellis Cove. East Bay Drive has a population of 193 and a median home price of $850,000, with homes selling as high as $1.2 million.
Eastside is a mix of residential and businesses and is close to downtown for easy commutes. One of the older neighborhoods in the area, its history dates back to the mid-1800s. Homes are modest in size, with a median price of $394,000. The active neighborhood association sponsors community events such as the Annual Summer Picnic.
A quieter neighborhood with an older population, Indian Creek has 539 residents. This is a great place for retirees and those looking for a safe and secure area. The median home price is $327,490. There are several parks for walking, including Woodland Trail / Frederick Street Crossing and McGrath Woods Park. There are also several churches in the neighborhood, including Westminster Presbyterian Church and the Church of Living Water.
With a taste of England in the neighborhood and street names, Nottingham is a delightful area. With a population of 203, this small community is one of the most affluent and safest. It’s very close to shopping and restaurants. Schools in the area are Pioneer Elementary, Sunrise Beach School, and Olympia High School.
Located south of downtown and the state capitol building, this neighborhood is excellent for those who work in the downtown area. The median home price is $577,000, and the homes are older with established trees in their yards. The city’s oldest school – Lincoln Options Elementary (built in 1922), is in this neighborhood. Tennis courts, picnic areas, and turf ball fields are found at Stevens Field. Young professionals and families make South Capitol their home within walking distance of restaurants, coffee shops, arts events, and a produce market.
Many of the more desirable neighborhoods are on the east side of the inlet, but South Westside is an exception. This is one of the largest neighborhoods in terms of population. Homes here average in price from $420,000 to $530,000. There are plenty of restaurants, cafes, shopping centers, and fitness facilities. The Capital Philharmonic is located in South Westside. It’s dog-friendly and walkable. There are several public and private schools that children can attend. There are plenty of green spaces and access to the inlet at Marathon Park.
Moving to Olympia, WA
For an area with great schools, friendly tree-lined neighborhoods, plenty of outdoor activities, special events, and fresh produce and seafood, you can’t beat Olympia, WA. With views of Mt. Ranier and Puget Sound, there’s city life in the middle of an outdoor mecca. Find the local hangouts and enjoy the best of the pacific northwest.
A local Olympia real estate agent is ready to help you find your dream home!
Survived Crazy heat Wave Record! With no central AC in the house, and tinfoil on the windows, and 2 roll ac units in the kids bedrooms we made it. We started the morning off normally and dropped the kids off to summer camp which they were so excited about (add day camp/yay for us parents). Then I was crazy busy with real estate with morning home showings and getting 1 seller and 1 buyer under contract and 1 new listing. Then I wrapped the morning up with a relaxing Pedi, yes it was amazing lol, they had AC.
When I arrived home about lunch time, @brandy and I were busy tin foiling the windows and I jumped on the roof for the sky light. Of course I didn’t wear shoes, and the roof was scorching. So I quickly taped my feet then back to tin foiling the skylight. After that I keep myself busy with paperwork for the county with building permits for our new build. (Seemed appropriate sweating a filling out multiple forms Thurston county seemed very symbolic).
Then with many jumps in the lake and then laying on the floor in the kids rooms watching a show on the lab top with brandy, eating a lot of watermelon, watering all the plants multiple times a day, hosing down all the animals and fans on them, picking up the mail and getting my adventure magazine that seemed extremely appropriate for the day. We had a busy day, but I was so happy as the PNW is beautiful even in record breaking heat and of course with Brandy by my side it is always an adventure.
I love the heat, Brandy and pets not so much. And the kids chilled in their rooms on Ipad after summer camp. But overall it builds character and reminds me why I work so hard – to pay for all the electric for all the fans/ac units running. I love reminding Brandy we live in the PNW and we don’t need AC, which never goes over well, lol. Although maybe the future will change with hotter weather, central AC may be required.
Hope everyone did well yesterday as well!
I will say it is very easy somedays to just completely get engulfed in work, or life and completely stop to look around. I know it is a little cliché to say, but I have to remember to look around. I will admit it is very easy somedays for me to forget that we live in/on the puget sound. If you don’t actually see the water or work by it, you forget how beautiful it is.
Today I have clients downtown and I stopped into one of my favorite places, Budd Bay Cafe and they have one of the best calm chowders, and of course a great view of the water and boats.
Just a quick update, if you are running around like crazy and working all the time, don’t forget to take it all in or it will just fly by.
The saying goes “Where you hang your Hat” is Home. Well I can say I absolutely love living in the PNW, in Washington State. Or more accurately Lacey, WA or Olympia, Wa as everyone just groups us in with Olympia – The Capital of Washington State.
I have live a lot of places, and loved all of them, but my heart will always bring me back home to the PNW. Sometimes its hard to describe, and understand. For the locals it is a no brainer, fresh air, fresh water, mountains, trees and desert all in one state. We have Canada to the north and Oregon to the South and the Pacific Ocean to the West. You can’t beat how this is the furtherest north you can go in the continuous 49, expect for Alaska.
When you look around, and especially in Olympia, it is like a time warp. Yes its the capital of the state, but when I walk into the county court house for real estate permits. It is like traveling back into time, a simpler time, the smells, the sights all reflect an era that is long and gone, except for in Olympia, WA. When you walk down the streets and go into the shops and restaurants. It is a friendly warm welcome, as if you have always been a local. I would even say you get more room to make this city your own, as the constraints of a big city or new age era is so structured and ridged with protocols, where here you have the luxury of more freedom.
Some will see a different side, but if you know what to look for, this place is as good as it gets in my mind. I am so happy we decided to make this our home, not only for our children. Where they can have a glimpse of the world I grew up in, it helps them understand that there is more then just being a robot with standardized structure. Here you can you, see the old with the new. A launch port for exploring the world outside the United States. Plus Washington state in its self is almost a replica of the entire US, in a complete small scale minus the east coast atmosphere and south.
If you are looking for a place to call your own in the PNW – Call me – 360.338.8355
*** I will make sure to tell you the history, the legends, the facts and everything you should and need to know when buying out here in the PNW. And if you do make the change, welcome to the last wild west country in the United States!