Gig Harbor Market Conditions

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Gig Harbor Home Prices Mixed news for Gig Harbor existing home sales   Mixed news for Gig Harbor existing home sales! As the market has improved and “pent-up” sellers seriously question whether to put their home on the market now—or wait, I want to explore the median price statistics over the past five to six years for Gig Harbor home prices. It is obvious the “over-all” median sales […]
Gig Harbor home prices Existing Gig Harbor home prices take jump   Existing Gig Harbor home prices take jump. My past reports of year-over-year drops for Gig Harbor home prices may be behind us for now. Existing Gig Harbor home prices are up over 11% for the November-January quarter, over a year ago, for Gig Harbor/Key Peninsula combined. And one home sale just closed for $3,600,000—the […]
Gig Harbor Home Prices Gig Harbor home prices end 2012 on a high note!   Gig Harbor home prices end 2012 on a high note! The statistics say it all…Gig Harbor home prices are making a “comeback.” Let’s check off the changes in the median sales price (half the sales above and half below this price). Nearly all signs are UP. GIG HARBOR/FOX ISLAND PRICES    ↑ 3.7% 4th […]
Gig Harbor home prices Gig Harbor home prices end 2012 on a high note!   Gig Harbor home prices end 2012 on a high note! The statistics say it all…Gig Harbor home prices are making a “comeback.” Let’s check off the changes in the median sales price (half the sales above and half below this price). Nearly all signs are UP. GIG HARBOR/FOX ISLAND PRICES ↑ 3.7% 4th Qtr […]
Gig Harbor home prices Signs of hope for Gig Harbor homesellers! Signs of hope for Gig Harbor homesellers!   Looking at the broader picture of the real estate market than simply the month of September, which was excellent by the way, there are definite signs of hope for homesellers with well-priced attractive homes. Reduced inventory—down nearly  45% from the 2008 high–coupled with an 80% reduction in […]
Gig Harbor Home Prices Signs of hope for Gig Harbor homesellers! Signs of hope for Gig Harbor homesellers!   Looking at the broader picture of the real estate market than simply the month of September, which was excellent by the way, there are definite signs of hope for homesellers with well-priced attractive homes. Reduced inventory—down nearly  45% from the 2008 high–coupled with an 80% reduction in […]
Gig Harbor home prices Gig Harbor home sales show steady progress! Gig Harbor home sales show steady progress! Are we better off than we were five and six years ago? No, but we’re climbing out steadily. Here’s the evidence: Sales were up 27%  this last quarter compared to 2011 Sales were down 19% this year compared to 5 years ago Inventory is down 13% from August […]
Gig Harbor home prices Gig Harbor home sales—something for everyone Gig Harbor home sales—something for everyone Local inventory ↓ 17% from 2011 –7.2 mo supply King/Sno/Pierce inventory    ↓ 42.65% from 2011 Median price ↓ 1% Y-T-D –rate of decline slides Waterfront prices↑ 6% Y-T-D Nationally, price increase ↑3.5% not to 2016 Local sellers’ market through $350,000 prices Local balanced market through $700,000 prices Washington REO […]
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Gig Harbor Home Prices Gig Harbor home sales—something for everyone Gig Harbor home sales—something for everyone Local inventory ↓ 17% from 2011 –7.2 mo supply King/Sno/Pierce inventory    ↓ 42.65% from 2011 Median price ↓ 1% Y-T-D –rate of decline slides Waterfront prices↑ 6% Y-T-D Nationally, price increase ↑3.5% not till 2016 Local sellers’ market through $350,000 prices Local balanced market through $700,000 prices Washington REO […]
Gig Harbor home prices Gig Harbor waterfront sales…what a difference! Gig Harbor waterfront sales…what a difference! What a difference 4 months has made for Gig Harbor waterfront sales. In June I reported waterfront prices appeared to have stabilized. I added the caveat “for now”.  Sales were up and closed prices were running higher than 2010 prices. The median price for the first 5 months of […]
Gig Harbor home prices How do Gig Harbor home sales compare? How do Gig Harbor home sales compare? Closed home sales figures for august rose nearly 10% over last year in Gig Harbor but that was substantially less than Pierce County which experienced a 35% increase. Key Peninsula’s figures were more in line with the county at nearly 47% increase. King County experienced a 32.7% increase […]
Gig Harbor home prices Gig Harbor home prices great for buyers Gig Harbor home prices great for buyers! Gig Harbor home prices are great for today’s buyers but discouraging for sellers. Prices are the same as in late 2003.  Key Peninsula home prices are at equal to second quarter 2003. The usual culprit dragging sales numbers down is the distressed market. When 29% of all sales […]
Gig Harbor home prices Gig Harbor home prices great for buyers Gig Harbor home prices great for buyers! Gig Harbor home prices are great for today’s buyers but discouraging for sellers. Prices are the same as in late 2003.  Key Peninsula home prices are at equal to second quarter 2003. The usual culprit dragging sales numbers down is the distressed market. When 29% of all sales […]
Gig Harbor home prices Gig Harbor waterfront home prices stabilize…for now Gig Harbor waterfront home prices stabilize…for now. Sale prices for Gig Harbor waterfront homes at the end of May were on track to beat 2010 prices–$686,000. However, the median list price of pending contracts is only $500,000. Half of these are distressed properties. So it is very likely the median closed price will slide over […]
Gig Harbor home prices Gig Harbor home prices drop to 2004 levels Gig Harbor home prices drop to 2004 levels for the first four months of this year. Prices have clearly not stablized. The 15.4% drop from the same time last year is typical of Pierce county as a whole. The Gig Harbor peninsula and Fox Island make up the data for Gig Harbor home prices. April […]
Gig Harbor home prices Gig Harbor home prices not yet stabilized Gig Harbor home prices have clearly not yet stabilized as April data shows prices down 15.4% for the last three-month period from a year ago…but up from March. This $348,000 figure is the highest since November and uses the median sales price (half the sales above and half below). Overall, Gig Harbor home prices are […]
Gig Harbor home prices New Gig Harbor home sales reverse February trend New Gig Harbor home sales reverse February trend There are two bright spots in March Gig Harbor home sales but the overall trend reverses the gains made in February. Pendings sales—contracts negotiated but not yet closed—are up nearly 20% from a year ago while inventory is down nearly 23%. The table includes both Gig Harbor […]
Gig Harbor home prices February brings recovery to Gig Harbor home sales February brings recovery to Gig Harbor home sales The short February month brought signs of recovery to Gig Harbor home sales as well as Key Peninsula. While the indicators showed improvement it is too early to tell if a trend is developing. The world economy and political turmoil, as well as unemployment and foreclosures still […]
Gig Harbor home prices Gig Harbor homes parallel national distressed market   Gig Harbor homes parallel national distressed market Distressed sales for Gig Harbor homes totaled 23% of everything sold in January. And for Key Peninsula it hit 70% of all sales. This was a total of 15 properties–all but two were bank-owned. Figures from the National Association of Realtors® show distressed homes rose nationally to […]
Gig Harbor home prices Gig Harbor waterfront sales end strong in 2010 Gig Harbor waterfront experienced some strong signals at the end of the year.  Gig Harbor waterfront sales volume facts: Closings 25% better in 2010 than 2009 December closings 66% better year-over-year 4th qtr 71% better than 4th qtr 2009 15% more homes closed in 2nd half of 2010 than 1st half—normally close to 50/50 Only […]
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