My Social Profiles
Sky Terrace is one of the most unique condo buildings in Tacoma. Originally built in 1962 as apartments, they were remodeled and converted to condos in 2004. The architecture of this 8 story reinforced concrete structure is pure 60′s awesomeness. When I first moved downtown I called this “The Star Trek Building.” Continue Reading →
I set out today to make a Pie chart of which buildings have condos listed on the MLS in Downtown Tacoma. It was interesting, but it is a bit deceptive. Both The Roberson and Esplanade have vacant units that are not currently listed on the MLS.
Which buildings have condos for sale downtown.
The Esplanade has 11 listed as pending and 10 sold- which leaves about another 140 units for sale that aren’t listed yet, which is more than every other listing on the market in Downtown Tacoma combined. Eek. So if we are being conservative, we could say that there are about 210 Condos and Townhouses for sale in 98402. In the past 12 months, 43 condos have sold. This means that at the current rate of sale it will take a little over 4 years for all the excess condos to be soaked up downtown. Continue Reading →
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:
A little bit busy…
Every full-time Realtor I know is swamped right now. Don’t even get me started on the loan officers. Ask anyone in the Real Estate business right now how things are going and you are likely to hear “I’m busy! Gha!”
So, if anyone is wondering why my posting has been lax this past month or so, it is because every buyer and seller on the planet decided to start making deals and the result has been a very heavy workload.
Enough with the excuses! On to some real numbers for Downtown Tacoma Real Estate. Continue Reading →
Here are the homes and condos that sold in the Downtown Tacoma Area by Zip Code. By far, the highest number of home sales were in the Hilltop/Central Tacoma area (98405), with 12 houses and 1 condo selling in February. The median Sales Price for Hilltop/Central Tacoma was $174,000.
Stadium/North Slope (98403) and Downtown Tacoma (98402) on the other hand, posted only 2 sales each. The median price for Stadium/North Slope was $361,875. For downtown, it was $220,250.
Sales in Downtown Tacoma in February 2009 – 98402
Address: Beds/Baths Sq Feet
1120 Cliff Ave #405 Studio/1 567
Sale Price $131,000 Cliff Street Lofts
1501 Tacoma #402 2/2 1045
Sale Price $309,500 Marcato
I was having a delicious breakfast with some friends at Puget Sound Pizza this weekend, and this blog came up in conversation.
“I never read the numbers and stuff” my friend said.
“But the numbers are the most interesting part!” I exclaimed in reply.
So, in an effort to make my boring numbers more entertaining for you, I am learning how to make graphs and charts online. Here is my very first one:
I know it’s a little dry, but bear with me. I’ll get better at it! Hopefully this will make some of the dryer data a little more digestable in the future.
The Walker
According to Jake over at Tacoma Untapped, the Walker Condos have shown up for rent on Craigslist. Last time I checked there were more than 130 condos on the market downtown, most of them new construction.
This is good news for anyone trying to sell or planning to list anytime soon. Since only 25 out of those 130+ condos listed in downtown Tacoma sold last year, we are going to need rent or sell quite a few more before the downtown condo market can be considered anything close to resembling “balanced”.
Also reported on Exit133.
- 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.
