I wanted to post a link to an interesting article speculating on the cities most likely to go from slump to bump—or in other words recover from the down market of the past two years. Tacoma is ranked first! Moody’s Economy.com expects the Tacoma real estate market to bounce back strongly, with home prices increasing 22 percent by the first... Read More »
It does seem the $8,000 first-time-home-buyer tax credit, part of the President’s stimulus package, has helped to stimulate the lowest price points of the Tacoma market, but the Developer of the 27th Street Station says they have not seen increased volume as a result. “We are selling homes,” says Dave Gintz, “but we were hoping for a real boost from... Read More »
By Tom Hume It has been amazing to watch the transformation of downtown Tacoma and neighboring Hilltop, so named because it is perched on a bluff overlooking downtown, Commencement Bay and Mt. Rainier. I remember seeing Hilltop on the show “Cops” in Tacoma at a time when there was a proliferation of gang activity and crime. A lot has changed.... Read More »
New num’s…. Category…….Pending…..Active…..Ratio Overall…………110………628……..17.5% Sub $200K…….38………104……..36.5% $200-$300K……46………212……..21.7% $300-$400K……17………138……..12.3% $400-$500K……..4……….65………6.2% $500-$600K……..5……….33……..15.2% $600-$700K……..3……….27……..11.1% $700-800K……….0……….18………0.0% $800-$1M…………0……….18………0.0% Over $1M…………0……….21………0.0% There is improvement overall since December of more than three percentage points, but check out the sub $200K range. The improvement here is tremendous. Ordinarily I would say this will trickle up into the higher price categories as those lucky sellers, freed up at last... Read More »
I haven’t gone out of my way to promote this blog as yet, but a few people found my first posting. Thank you! Kym hit the nail on the head. The lower price points are moving better than the higher priced homes in Tacoma, University Place and Fircrest, probably for the very reasons she cites in her comment. First time... Read More »
I get asked this question a lot. Rather than rely for my answer on gut feel alone, I like to continually understand what is really going. There is a nifty tool for that; the sales ratio. That sounds mathy, but the math couldn’t be easier. Sales Ratio is Pending Sales divided by Active Listings. No matter what market you are... Read More »
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