market activity: Puyallup November Real Estate Market Update - 11/19/08 04:20 PM
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)

market activity: Pierce County November Real Estate Market Update - 11/19/08 04:17 PM
Market ActivityOne positive market trend continued for the month of October - listing inventory decreased from 7158 in September, to 6711 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 24% to 553, from 723 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)

market activity: Puyallup October Real Estate Market Update - 10/29/08 09:48 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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market activity: Pierce County October Real Estate Market Update - 10/29/08 09:45 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 $245k - 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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market activity: Puyallup September Real Estate Market Update - 09/15/08 06:39 PM
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...
(1 comments)

market activity: Pierce County September Real Estate Market Update - 09/15/08 06:34 PM
August statistics just released by the NWMLS show another modest drop in the median home price. The median home price for Pierce County ended August at $258k - an 11% 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 Pierce County real estate.
Read … (1 comments)

market activity: Puyallup August Real Estate Market Update - 08/15/08 10:28 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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market activity: Pierce County August Real Estate Market Update - 08/15/08 10:22 AM
July statistics just released by the NWMLS show a 2.7% increase in the number of Active homes for sale, and an 11.7% 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 688 homes Sold in the month of July, which is a 31% decrease YTD. The Median Home Price dropped to $260k, representing an 11.5% decrease in YTD appreciation.
Read on...
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market activity: Pierce County and Puyallup real estate market... - 05/21/08 03:01 PM
... 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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market activity: Pierce County and Puyallup real estate market... - 03/28/08 01:41 AM
... 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.
(1 comments)

market activity: Pierce County and Puyallup real estate market... - 02/22/08 05:08 PM
... 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. 
(0 comments)

market activity: Washington Realtors® Meet with Legislators to Advocate for Quality of Life - 01/26/08 01:32 PM
Realtors® from all over the state, myself included, made their way to Olympia this week to advocate for Washington’s quality of life - jobs, homes and communities. We spent some time Thursday and Friday meeting with state Senators and Representatives, and talking to them about the housing market in Washington and sharing the finer points of a few bills that they will be considering soon. I’m going to share with you what we shared with our legislators so that you can call, write or email your legislator and advocate for your quality of life here in the state.
Why haven’t home … (1 comments)

market activity: Puyallup January Market Update - 98375 - 01/12/08 12:29 PM
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)

market activity: Puyallup January Market Update - 98374 - 01/12/08 12:27 PM
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)

market activity: Puyallup January Market Update - 98373 - 01/12/08 12:26 PM
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)

market activity: Puyallup January Market Update - 98372 - 01/12/08 12:23 PM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices rose sharply this month. The median price for December was $317k, which was a 5% decrease from the January 2007 figure of $334k.
The average cumulative days on market - total time a home is for sale, from listing to closing - reduced significantly to 47 days, down from 87 days the previous month. Buyers continue to have the upper hand, even though the average sale price to original list price rose to 94%, up from 93% in November.
Market Activity Listing inventory continued falling … (0 comments)

market activity: Puyallup January Market Update - 98371 - 01/12/08 12:21 PM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices continued to slide for the third month after a significant gain in September. The median price for December was $308k, which was a 15% gain from the January 2007 figure of $266k.
The average cumulative days on market - total time a home is for sale, from listing to closing - dove sharply to 56 days, down from 120 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 91% … (0 comments)

market activity: Puyallup January Market Update - 01/12/08 12:19 PM
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)

market activity: Pierce County January Market Update - 01/12/08 12:17 PM
Current Price Trends The final statistics for 2007 have been released by the NWMLS. Prices evened out last month, ending a four month decline. The median price for December was $275k, which was a slight decrease from the January 2007 figure of $274k. 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 up a bit to 100 days, up from 97 days the previous month. Buyers continue to have the … (0 comments)

market activity: Learning From Today’s Market to Succeed in Tomorrow’s - 12/27/07 04:27 PM

Many, many Puyallup homeowners made an attempt to sell their home this year. A record number in fact. And while we faired better than most places in the country, not that many actually got to sell their home. At best this year, less than 1 in 5 homes sold. October and November have been the toughest months with less than 1 in 14 homes selling. December may prove to be worse.
A pretty clear trend started to develop in October - homeowners started pulling their homes off the market. It surely wasn’t because they were selling that we saw inventory … (4 comments)

 


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