Thought the first time home buyer tax credit was ancient history? Think again!

As if insanely low interest rates, rock bottom prices and a great selection of real estate inventory here in Tacoma weren’t enough of an inducement, here is one more reason to look at buying a home now. There is still a federal credit for first time homebuyers! I suspect most of you didn’t know that. It’s not exactly the same... Read More »

Aloha!

This blog is generally about the Tacoma market, but I wanted to write about a condominium project that a high school friend of mine is involved with on the island of Maui. Why? Because as this September weather eventually turns on us, thinking about warm, tropical beaches and fruity drinks is a proven defense. Also, I know several of our... Read More »

Tacoma vs Seattle vs Gig Harbor for High End Homes

Anon posted a comment last week suggesting it would be interesting to compare Tacoma’s sales ratios with markets traditionally known for being higher end, such as Seattle and Gig Harbor. It turns out Seattle is quite a bit more robust in the higher end (and across the board, really) as the chart shows. Not only are the percentages better, the... Read More »

MLS Num’s

NWMLS numbers for August are out. There is cause for optimism here. It shows Washington state’s pending sales up 26% over Aug 2010, as well as closed sales being up, but it’s way too early to break out the champagne. We are going to continue to see a heavy volume of foreclosures in the coming months. Now if you have... Read More »

You Can’t Trust a Zestimate! Or Can You?

“You can’t trust the Zillow value…” I hear this from my fellow agents. I say it to sellers, and it’s true that you cannot rely on a Zestimate alone to determine an asking price for your property. How would Zillow know if you recently put in gold plated bathroom fixtures while your neighbor’s place still has the same harvest gold... Read More »

North End Real Estate Num’s

I put together these sales ratios the other day. (Sales Ratios Explained) What I found striking was the lack of sales activity over $350,000. With interest rates around 4 PERCENT and great inventory to choose from, what causes this? I will tell you a theory my brother Matt just shared with me. Matt says buyers of homes over $350,000 tend... Read More »

Late Summer Missive

We are enjoying our new office space on the lower floor of Windermere on 19th and Orchard. The timing was perfect. The summer selling season didn’t even start until after we were settled in. We extend our thanks to the real estate market for this courtesy. Things have picked up—the phone is ringing and offers are coming in again. Recent... Read More »

What is Going on at Sky Terrace and along Stadium Way?

A man I know at Sky Terrace Condominums sent me this. I had been curious about all of the construction on the building and thought maybe others were as well. He also talks about Stadium Way improvements. Promenade should be cool. I’m copying and pasting what Paul sent directly: AUGUST 3, 2011 WHAT’S GOING ON AT SKY TERRACE, 235 BROADWAY,... Read More »