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south hill: Puyallup November Real Estate Market Update
- 11/19/08 08:20 AM
Market ActivityOne positive market trend continued for the month of October - listing inventory decreased from 1087 in September, to 1046 by the end of October. Inventory reduction is one of the keys to our housing market recovery. The number of homes sold in October fell by 38% to 83, from 133 in September. The state of the economy and the jobs outlook continue to press down on the housing market. Ever the optimist though, homes are still being bought and sold in this market - it has not ceased up, but just needs a bit of grease. Realtor associations are working with state and federal legislators to find … (0 comments)
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south hill: Puyallup October Real Estate Market Update
- 10/29/08 02:48 AM
Current Price TrendsSeptember statistics released by the NWMLS show a significant drop in the median home price. The median home price for Pierce County ended September at $250k - representing another 11% drop in year-to-date appreciation. I believe that this drop represents a large sell-off of homes in the lower price spectrum, as opposed to a drop in prices throughout the market. The rise in number of sales this month could support either theory - regardless, reducing standing inventory is good for all sellers.
Read on...
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south hill: From Deflation to Elation as the City of Puyallup Gets a LIFT
- 09/23/08 11:59 AM
When Washington State's Community Economic Revitilization Board (CERB) told the City of Puyallup last Thursday that they came in Fourth Place for the State's LIFT (Local Infrastructure Financing Tool) grant, and would not be awarded $1 Million to connect Puyallup's downtown core with South Hill, a collective sigh could be heard from City Hall.
The City's deflation has turned to elation today according to City Manger, Gary McLean, as the CERB has moved the City of Puyallup into Third Place ahead of the City of Vancouver, awarding Puyallup with the $1 Million grant they were hoping for.
Read on...
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south hill: Puyallup September Real Estate Market Update
- 09/15/08 11:39 AM
August statistics just released by the NWMLS show another modest increase in the median home price. The median home price for Puyallup ended August at $266k - still, a 10% drop in year-to-date appreciation. Today's news in the financial market - namely Lehman Brothers going bankrupt, Merrill Lynch being sold to Bank of America, and the possible restructure of AIG - will likely cause mortgage banks to further reassess risk. What this means is less money to lend to fewer people; less money to fewer people will mean fewer homes selling and the continued erosion of equity in Puyallup real estate.
Read on...
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south hill: Puyallup August Real Estate Market Update
- 08/15/08 03:28 AM
July statistics just released by the NWMLS show less than a 1% increase in the number of Active homes for sale, and less than a 1% decrease in the number of homes Sold, from June to July. This gives us more than a 10 month supply of homes (4-6 months being a balanced market). Just 102 homes Sold in the month of July, which is a 42% decrease YTD. The Median Home Price rose to $264k, representing an 8.3% decrease in YTD appreciation.
Read on...
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south hill: Pierce County and Puyallup real estate market...
- 05/21/08 08:01 AM
... is a mixed bag this month. Pierce County saw a rise in both the median home price and the number of sales, and a decrease in the cummulative days on market - positive movement. Puyallup on the other hand saw the median home price and number of sales retreat, as well as a decrease in the cummulative days on market.
Check out the Pierce County March Market Update.
Check out the Puyallup March Market Update.
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south hill: Pierce County and Puyallup real estate market...
- 03/27/08 06:41 PM
... bounces back a bit. The number of new listings is still stalled, bucking the seasonal trend. The number of sales did rise a bit, but so did the time on market for sellers. The median price of homes also bounced back but is still down in year-over-year numbers.
Check out the Pierce County March Market Update.
Check out the Puyallup March Market Update.
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south hill: Pierce County and Puyallup real estate market...
- 02/22/08 09:08 AM
... continues to slow down. The number of new listings has largely stalled, which is good for those already trying to sell their home. However, the number of sales is down, the days on market is rising, and the median price of homes has retreated to numbers not seen a while.
Check out the Pierce County February Market Update.
Check out the Puyallup February Market Update.
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south hill: Puyallup January Market Update - 98375
- 01/12/08 04:29 AM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices continued to edge down for a third month. The median price for December was $266k, which was a 14% correction from the January 2007 figure of $308k. The 98375 area saw the most growth in recent years, a factor in this significant correction.
The average cumulative days on market - total time a home is for sale, from listing to closing - moved up a bit to 106 days, up from 102 days the previous month. Buyers continue to have the upper hand, even though the … (0 comments)
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south hill: Puyallup January Market Update - 98374
- 01/12/08 04:27 AM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices rose slightly, but were still down from a year high in October. The median price for December was $304k, which was a slight increase from the January 2007 figure of $300k.
The average cumulative days on market - total time a home is for sale, from listing to closing - moved up a bit to 94 days, up from 85 days the previous month. Buyers continue to have the upper hand, even though the average sale price to original list price rose to 95%, up from … (0 comments)
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south hill: Puyallup January Market Update - 98373
- 01/12/08 04:26 AM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices rose slightly last month, ending a three month decline. The median price for December was $290k, which was an almost 10% increase from the January 2007 figure of $264k.
The average cumulative days on market - total time a home is for sale, from listing to closing - dove sharply to 96 days, down from 171 days the previous month. Buyers lost their strangle hold on sellers but still have an advantage, as the average sale price to original list price rose to 96%, up from … (0 comments)
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south hill: Puyallup January Market Update
- 01/12/08 04:19 AM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices rose slightly from last month. The median price for December was $286k, which was a 4% decrease from the January 2007 figure of $300k. We believe the monthly trends will reverse themselves soon and that the new year will show modest gains of 5%.
The average cumulative days on market - total time a home is for sale, from listing to closing - moved down a bit to 95 days, from 109 days the previous month. Buyers continue to have the upper hand, even though the … (0 comments)
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south hill: This Week in Puyallup
- 12/28/07 08:19 AM
With just over 36,000 people within the city limits of Puyallup and another 73,000 plus people that call unincorporated Puyallup (also known as South Hill) home, there’s plenty of things going on that one might find of interest. Here are the things I found interesting this week in Puyallup.
News
Donna is suing the day-time game show the ‘Price is Right’ because they allegedly gave her a banged up car. Evidently we need to invent a chastity belt for our cars as criminals have turned to stealing our catalytic converters.Devona ponders the pros and cons of full-service and limited-service real … (0 comments)
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south hill: Oh, the Weather Outside is Frightful
- 12/05/07 01:48 AM
Despite what images you get on the local and national news, there were brief clearings in the rain and wind today - and I seem to have caught most of them. I had a few appointments outside of Puyallup today that took me up Hwy-167 and I-405. I didn’t have any trouble with traffic heading north, and my trip back to Puyallup around 3:30pm was met with mild traffic.
As soon as the sun disappeared though, I found the rain - in buckets. Thankfully my wife and I live in South Hill and don’t have to worry too much about the … (0 comments)
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