Carole Holmaas's Blog - Archives February, 2010

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Home : Blogs : Carole Holmaas : Carole Holmaas's Blog : Archives February, 2010

Gig Harbor home prices down 7%...but still less than county - 02/05/10 11:45 AM

Gig Harbor home prices down 7%...but still less than county
When the News Tribune reported last month the average price for a home in Pierce County had fallen 12% from 2008, following a drop of 9% a year earlier, I decided to compare average Gig Harbor home prices with the county's average.
Normally the median sales price (half the sales above and half below) is used for comparisons locally, as well as nationally. In January I reported that the median was actually up 1% year-over-year for December but down 4% from two years earlier.
Gig Harbor home prices did take a … (0 comments)

Key Peninsula home prices are on a roller coaster - 02/01/10 02:15 PM

Key Peninsula home prices are on a roller coaster
Key Peninsula home prices are higher one month and lower the next, compared to 2008. While sales prices were lower in December they followed three months of higher prices.
Key Peninsula home prices are down 10% from 2008 and 14% from 2007. That compares to Gig Harbor that bumped up 1% over 2008 and the 4-county Puget Sound area that dropped 7% decrease in prices.
On the other hand, sales of Key Peninsula homes have been showing a tidy increase, with 33% over 2008 and 29% from 2007 year-over-year. The change from … (0 comments)

Gig Harbor home prices continue to climb out of hole - 02/01/10 02:14 PM

Gig Harbor home prices continue to climb out of hole
Gig Harbor home prices are continuing to sustain moderately higher sales prices as 2009 closes out. December is the fifth of the last six months to show improvement year over year. Gig Harbor is defined as the Gig Harbor peninsula and Fox Island.
Gig Harbor home prices are up 1% over 2008, comparing the months of December only. The 4-county Puget Sound area however experienced a 7% decrease in sales price.
Another plus--sales of Gig Harbor homes have been better than 2008 for the last half year now-in each of those … (0 comments)

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Gig Harbor, WA

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