Get Real Tacoma

This Bank Foreclosure sold for $55,000

For me and almost everyone I know, this was the week of the cold. Myself, my friends, my clients, we all coughed and blew our noses through this week.  Fortunately, that didn’t stop work from getting done.  My clients wrote offers on 2 houses this week, and it looks like the rest of Tacoma found time to do some business as well.

24 Houses and 5 Condos sold this week! They ranged in price from $55,000 for this bank owned tear-down to $519,125 for a 5 bedroom 3 bath 3,711 square foot house with a view of the Narrows Bridge.

The houses averaged 159 days on the market.  The condos averaged 96 days on the market.  Both houses and condos sold for 94% of their currently listed price.  The median sold price on houses was $207,000 and $222,000 for condos.

What I find most interesting is that 6 of the properties sold this week were bank owned forclosures and 2 were short sales. Both of the contracts I wrote for clients this week were for foreclosures. That was one third of all the sales in Tacoma this week. The high number of foreclosures is one of the biggest factors in the lower prices we are experiencing- so getting those sold and off the market is both good for communities (who likes living next to a foreclosed house?) and also good for helping us return to a more balanced marketplace for houses.

Remember that this is JUST for the City of Tacoma, and JUST for this week. Stay tuned for New Years Eve, when I break down the stats for the entire year!

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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Just in time for Thanksgiving.

I hope everyone had a fantastic Thanksgiving. I divided my time between family togetherness and recovering from family togetherness at friends houses.  While most of the city was off spending quality time with their families over turkey, 22 Tacomans bought houses!

Those houses ranged in price from $124,000 to $507,000. They sold for about 4% less than the price they were listed at and spent an average of 127 days on the market before selling.  Also, they were all houses, no condos closed this week.

The last week of the month is usually the busiest as far as home closings go, and I heard through the grapevine that there were a lot of agents and lenders scrambling to get their clients homes closed before the Thanksgiving Holiday.  Whew!

The average days on market was 119.  That means that if your house sold today, you put it on the market back in July.  According to the MLS, the average sale price was 95% of the currently listed price. 

This was my favorite house to sell this week: Read the rest of this entry »

I thought it might be interesting to take a look at two ends of the sold spectrum in the City if Tacoma.  I ran a search for homes that had SOLD for over $1,000,000 since January 1st, 2008. 

Here she is… Miss Tacoma… The Most Expensive House to Sell in 2008 (so far!)

Most Expensive House in Tacoma 2008 (so far!)

 This house was on Ventura Drive in Narrows area.  It has 4 Bedrooms, 3.5 Bathrooms, and 5,240 Square Feet.  It has an inground pool with some pretty amazing views of the water, and an outdoor kitchen.

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Here’s what selling in Downtown, and how much it sold for.  This is all a matter of public record- So don’t feel like you’re doing anything naughty when you look. They all sold within in the last 60 Days. 

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