Everyone loves a good year end wrap-up. Me included! Here are the sales stats for The City of Tacoma for 2008:
Homes Sold in Tacoma in 2008: 2, 237
Condos Sold in Tacoma in 2008: 305
Average Sales Price for Tacoma Houses: $249,512
Average Sales Price for Tacoma Condos: $193,990
Average Bedrooms/Sq Ftg of Sold Tacoma Houses: 3 Beds/ 1722 sqft
Average Bedrooms/Sq Ftg of Sold Tacoma Condos: 2 Beds/ 1202 sqft
Average Days on the Market (Sold Houses): 83*
Average Days on the Market (Sold Condos): 86*
These statistics are for all houses in Tacoma. Since the sales prices ranged in price from less than 100k to over 1.5 Million, they're really pretty useless for judging how your home is doing. For this reason, I will be profiling sales data by neighborhood over the next week, one post at a time. Stay tuned!
* = You might have noticed that the DOM (Days on Market) of Sold Properties is significantly lower than that of listed properties. This reflects that the people whose homes (or condos) have sold tend to be more motivated and price more aggressively. The average DOM for currently listed homes and condos in Tacoma is 128 Days.
For more Tacoma Real Estate information, visit my blog, Get Real Tacoma.
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