gig harbor home prices: Gig Harbor home prices down 7%...but still less than county - 02/05/10 03:45 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)

gig harbor home prices: Gig Harbor home prices continue to climb out of hole - 02/01/10 06:14 AM
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)

gig harbor home prices: Key Peninsula home prices are on a roller coaster - 01/15/10 07:08 AM
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: Short sales small percent of Gig Harbor home sales - 01/08/10 03:44 AM
Short sales small percent of Gig Harbor home sales  National media hypes short sales and bank-owned properties as a large part of the market, but in Gig Harbor they represent a smaller portion of Gig Harbor home sales than the casual observer might think. Key Peninsula is not as fortunate but still better than many parts of the country.
22.6% of Gig Harbor home sales in the past six months have been bank-owned or short sales and 41% in Key Peninsula.
This compares to figures as high as 80% of all sales in Las Vegas and 50% in Phoenix and Southern … (2 comments)

gig harbor home prices: Gig Harbor home sales and prices up big in November - 12/17/09 09:34 AM
Gig Harbor home sales and prices up big in November
Gig Harbor home sales more than doubled from 2008 and median prices are up for the third month in a row. November sales not only bested 2008 but, surprisingly, they also beat 2007 numbers.
November represents three out of the last five months with more sales than either 2008 or 2007. This trend is going the right way for homeowners.
These figures include both single family and condominiums and encompass Gig Harbor and Fox Island zip codes 98332, 98333, and 98335. The statistics are stronger than Pierce County as a whole, … (0 comments)

gig harbor home prices: Gig Harbor home sales up 5 of last 6 months - 11/05/09 05:05 PM
Gig Harbor home sales up 5 of last 6 months
At least four major statistics show a turn-around in Gig Harbor home sales, including sales prices.
 
October is the fifth month in the past six showing home sales better than 2008, equaling September and a 15% increase over last October.   


Year-to-date prices have slipped only 6% for Gig Harbor home sales but 11% for Key Peninsula. This is slowing the double digit downward spiral that has occurred over the last four quarters and is a positive sign of market stabilization.  
Absorption rate, or the number of months … (0 comments)

gig harbor home prices: Gig Harbor home sales start to equalize in Key Peninsula - 10/23/09 06:38 AM
Gig Harbor home sales start to equalize in Key Peninsula
A snapshot of Gig Harbor home sales shows a nearly balanced market for Key Peninsula mailing addresses. Zip codes 98329 and 98394(Wauna, Vaughn and Key Center) have just slightly more than a seven month supply of homes in inventory.
A balanced-or neutral market-is generally considered six to seven month home inventory, based on number of sales in that month. When the number drops below six months it generally becomes a seller's market.
6.3 months of inventory was normal in this area during the strong sales years of 2002-2007 so the current … (0 comments)

gig harbor home prices: Gig Harbor Home Sales Stablize in September - 10/19/09 12:54 PM
Gig Harbor Home Sales Stabilize in September
A snapshot of Gig Harbor home sales for September shows a stabilization, or even increase, of median sales prices for Gig Harbor mailing addresses. The 98332 area produced a 4.5% median price increase over a year ago with 26 closings while the 98335 zip code equaled 2008 numbers. Even "no change" is a big deal after more than a year of double digit declines. One month is too soon to predict a trend but Gig Harbor home sales are encouraging to local Realtors.
These statistics compare September 2008 with September 2009 for Gig Harbor … (0 comments)

 
Carole Holmaas (Windermere Real Estate Gig Harbor)

Carole Holmaas

Gig Harbor, WA

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Windermere Real Estate Gig Harbor

Address: PO Box 206, Gig Harbor, WA, 98335

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