Get Real Tacoma

Well priced Stadium / North Slope condos are moving...

Ah Stadium. Ah North Slope. So lovely. So fancy, and so far this year…. so busy with closed condos.  The 98403 has seen 22 closed condos sold so far this year, (5 of those in the past 3 weeks) ranging in price from $105,000 for a 471 square foot studio to $946,000 for a 2 bedroom 2.5 bath at 302 N Stadium Way.

The average number of days on market were brutal, at 391 days, selling for an average of 95% of their listed price at the time of sale.  There are currently 5 pending condo sales.

Here’s what’s selling…

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Everyone's gossiping about Downtown Tacoma Condos These Days

Everywhere I go these days, people are asking about the Downtown Tacoma real estate market. “It seems like it’s picking up! Is it picking up?”  The answer is, it depends on the price range and it depends on where we’re talking about.  Over the next couple days I’m going to talk Tacoma (as usual) starting with Downtown Tacoma Condos in 98402.

Right now there are 11 pending condos, half of those are at 505 Broadway, which has been rewarded for its aggressive price reductions with lots of closed sales. It would be great to see The Roberson and The Esplanade (once it’s done being forclosed on and relists as bank owned foreclosures or whatever they decide to do) follow 505 Broadway’s lead and start pricing to sell.

So far this year there are 21 closed condo sales. The median sale price of a condo in downtown Tacoma is $308,415 for 1,214 square feet with a low price of $131,000 for a studio at Cliff Street Lofts and a high of $742,650 for 1,919 square foot palace at 505 Broadway.  Here’s the breakdown:

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Sold Signs

So I promised earlier this week that I would break down the 2008 Sales Statistics for Homes & Condos in the City of Tacoma neighborhood by neighborhood.

I know folks around here are pretty sensitive about where neighborhood lines are drawn.  I swear I almost heard someone go to blows over whether the were “Stadium” or “North Slope”.  God forbid you start the discussion of “North End” or “Near North End”.  I’ve decided that for the purposes of these statistics we are going to go by zip code, thereby sparing me the need to defend my definition of neighborhoods.  I just hate conflict…

So today we will start with Downtown Tacoma, in the form of zip code 98402.

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View From Unit #401 at Cliff Street Lofts

This might sound a little strange, but sometimes I get a little attached to certain properties.  That happened with Unit #401 at Cliff Street Lofts.  A 1 Bedroom, 1 Bath Loft with 14 Foot Ceilings.  

What I loved most was that it was on the corner, shaped like and “L”  so there was TONS of light and a really open feel.   The angle meant you had a view of both the port AND the mountain.  I showed it a few times but did not have a client that clicked with it the way I did.

It sold for $174,000 and closed today.  I hope the new buyer loves it as much as I did! Pictures after the jump.

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Bella View Condos Sold Out

I was hoping to do a great post today about all the condos that have sold downtown since my last post on the topic on 11/16.  Unfortunately, there is not much to report, even after expanding into the Stadium District for material!

Only 2 condos have sold downtown since 11/16, one yesterday, and one today.

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