2007 Year In Review - Tacoma's North Slope Historic District Home Sales
Reviewing the home sales in the North Slope Historic District of Tacoma for 2007, the following was noted-
Total # of Homes Sold - 63
Sales averages-
Average square footage of home- 2642
Average price per square foot- $178.81
Average Days On Market- 89
Average Sales Price- $457,196
The High Sales Price was $1,600,000
The Low Sales Price was $159,000
Interestingly May and July both saw spikes in sales. These two months reported the most sales in a single month for the year. Which means April and June is when the homes were put under contract. May sales average days on market was 52 and July's average days on market was 92.
Based on the number of sales (closed transactions), currently there is about a 10 month supply of homes if not another home goes active on the market!
Another interesting fact is that the average original list price on a home in the North Slope is $482,621. And when it goes under contract the average is $476,580. And yet when a home sale actually records and closes the average sales price is $457,196. Just 95.93% of the current list price. Which tells us that home sellers are starting out in the market a little bit overpriced for what buyers are willing to pay today. Only 20 of the 63 homes received full asking price.
If you have any questions about these numbers, please feel free to contact me. I'd be happy to go over the data with you.
Debi Braulik
Tacoma Real Estate
206-949-4785
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Hi Debi...Sound Like there is some selection for Home Buyers Tacoma Washington and sales are getting better, 89 days is not that bad, remember 1/2 of those Sold in Less Time. You're right it's always Price that insures a sale.
Have a Great day!