Video: Economic & Housing Forecast By Chief Economist Mathew Gardner
Pierce County Stats
See summery below
Tight Supply of South Sound Homes Pushes Up Prices
GOVERNOR PROPOSES LEGISLATION TO ADDRESS WASHINGTON’S HOUSING CRISIS
What Everyone Wants To Know: Will Home Prices Decline in 2022?
If You Think the Housing Market Will Slow This Winter, Think Again
A Happy Tail: Pets and the Homebuying Process
Two Reasons Why Waiting To Buy a Home Will Cost You
Overall for both Pierce and Thurston County as you can see in the charts, we started to see the tide level off and in some factors recede starting in July with a rise in inventory (note this is also seasonal time for inventory to peak in mid late summer months), but what is maintaining rather then climb is price per sq ft and homes are sitting on the market longer. We also saw annual appreciation slow down from roughly $110k in July to $roughly 80k (still incredible annual appreciation)
Remember interest rates are still all-time lows and appreciation is still high so don’t wait to continue for lower values rather look at the loss of equity you could gain over a year. If this was last year you would have $80,ooo equity and a lower interest rate which means lower payments. plus a lower priced home then today(or next year)
- Be Patience
- Be Persistence
- See Potential in homes you would not often look at. Remember no house ever is a home until you make it one.
- Compromise where you can.
- Save money to use for earnest money, money on low appraisal, etc. for stronger offers.
- Do not get discouraged.
Get started on the right track buying a home here
You are still in the drivers seat, Demand is still very high, Even though days on market, prices, appreciation trajectory from the last 3 years have slowed since July till now. You will still likely make out this Spring. You still want to have an experienced agent that can make sure you are not forfeiting 10’s of thousands of dollars just by listing your home on the MLS.
Before any 1 of the 10,000+ realtors can slap a listing together but for a smooth systematic, professional and profitable close without resistance you need your agent to be able to
- Have Experience and expertise in changing markets.
- Price properly by understand the data, new and sold listings on how to approach pricing.
- Conduct robust marketing
- Know and prove their numbers and client satisfaction.
Sell your home confidently Starting here
Contact us anytime with questions and or to assist in your real estate journey.
Cyrus Bonnet | Broker – Veteran | CEO & Founder of Soldiers Agents Inc. | Windermere | JBLM – Pierce & Thurston County
Client Relations Manager/Assistant
File Manager/ Transaction Coordinator
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Certifications & Awards:
PSA – Pricing Strategist Advisor
CSP – Certified New home Sales Professional
MRP – Military Relocation Professional
Military Designations -VAMRES, VAREP, MVHC, CMHS,
VArep – Tacoma Ch. President 2013-2015
Top Agent Award: Best of Trulia 2014
TPCAR Leadership Graduate 2013
TPCAR REALTOR Rookie of the Year 2011
TPCAR Sales Achievement Award 2012-2017
Certified Home Buying Instructor – WSHFC
This market repot and everything within it is information purposes only and not to be replied on for for your individual situation in full. Connect with us for a more individual consultation to determine what may be best for you. As with all market prediction reports the future is uncertain and no one can predict it. Soldiers Agents Inc is not reliable for any loss or damages regarding this report. Any real estate choices should not be relied on this alone and your should consult real estate professionals , and or attorneys for a full individual analysis of your situation.