5630 61st Ave W. University Place, WA
1,725 Sq. Ft.
3 Bedrooms /2 Bathrooms
5,744 Sq. Ft. Lot
2 Car Attached Garage
Offered for only $379,900
Welcome home to this DARLING 3 bedroom Rambler located in the heart of University Place! Enjoy a maintenance free exterior and peace of mind in a lovely gated community.
As you enter you’ll notice the beautifully refinished hardwood floors, warm and neutral colors and quality details. The formal dining room here is just one area you’ll love to entertain in.
Enjoy a cozy diner for two or invite some friends and family over for a great home cooked meal.
The arched doorways add a simple touch of style throughout this home
You’ll love entertaining in this home because continuing through the formal dining room you’ll pass through the butler’s pantry, home for your wine and beverage glasses.
This delightful kitchen boasts cherry cabinets, pantry, a skylight, center island, granite countertops, ceiling fan and all stainless appliances. To the right is an incredible sunroom!
The sun is always shining in this additional living space that enjoys natural light year round from two skylights, large windows and french doors. There is a large cabinet under the window ahead to neatly tuck away your knicknacks, too. The french doors to the left lead to the deck to place the barbecue.
A view from the kitchen into the Great Room. You will love this open concept floor plan, it is so cozy!
The Great Room is warm and inviting year round with a gas fireplace and a large window for ample, soft and natural light.
Walk through the french doors into the charming Master Bedroom that is complete with a private 5 piece bath and walk in closet.
The Master Bath is perfect with dual vanity sinks, tile counters and floor and a garden tub to soak away the day’s troubles!
If you don’t feel like a bath tonight, there is also a separate shower. The walk in closet is the perfect size and there is a linen closet to the left of the vanity for your towels and bedroom linens.
One of two additional bedrooms has a built in desk perfect for a home office or a student. This bedroom has beautiful refinished hardwood flooring, too!
The third bedroom with a double door closet and soft carpet flooring
The second full bathroom in this home also features tile counters and flooring for easy cleaning! There is a linen closet just behind this door as well.
And finally the separate utility room with cabinets and a wet sink
Don’t forget to peek into garage where you’ll see the built in work bench with cabinets and all of the bonus storage space this home has to offer! Here you’ll be able to neatly tuck away behind closed doors all of the things you don’t use every day! There is additional attic space above, too!
This fully updated, perfect condition, one level home in the gated community, Martha’s Vineyard is on the market for the first time in 17 years! If you’re looking to spend more time doing what you enjoy and less time dealing with maintenance hassles, then look no further! The Homeowner’s Association takes care of all the things you dread doing, such as yard work (front landscaping is included), exterior window, skylight and siding washing, too! With all that free time you’ll have, you’re sure to be able to enjoy the great outdoors! Up for a round of golf? Challenge yourself on the Chamber’s Bay links golf course, home of the 2010 US Amateur and 2015 US Open! After your personal best round of golf, enjoy breathtaking views of the Puget Sound and snow capped Olympic Mountains while sipping a sud on the 19th hole at Chambers Bay Grill. University Place is a neighborhood known for its convenient proximity to JBLM, I-5, Highway 16 and Downtown Tacoma. All are with 15-20 minutes away!
116 Alameda Ave, Fircrest
2,090 Sq. Ft.
4 Bedrooms /2 plus 3/4 Bathrooms
5,187 Sq. Ft. Lot
2 Car Attached Garage Plus Covered RV
Offered for $395,000
Welcome to this stunning custom built and nearly new craftsman in the heart of Fircrest, WA!
Park your RV here and come on inside!
As you walk in the front door you will immediately take note of the decorative iron railings and gleaming rustic colored hardwood floors.
You’ll also notice the crisp white door and trim package and vaulted ceiling. The door to the right leads to a full bathroom on the main floor.
The bedroom on the main floor is currently being used as a playroom. What would you use it for?
The full bath on the main floor is tastefully done and has a pedestal sink.
As you pass into the Great Room you’ll feel like you walked onto a showroom floor!
This space is light and bright with a vaulted ceiling, a large window and recessed lighting. It is also important to note that this home comes with a high tech security system that includes a camera monitor. It can be customized to be a smart house!
The open concept kitchen and dining area is perfect for the family who loves to be a part of all the action! The french doors to the right lead you easily out onto the covered porch for all year round barbecuing and entertaining!
There was no expense spared in the quality of this Dream kitchen for any chef! Notice the rich, solid surface tops and the crown molding cabinet trim all crisp and clean in white tones.
This dream kitchen also features full length tile back splash, so pretty!
Did we mention high end stainless appliances are included, too?
As you come upstairs and walk into the Master Bedroom, you’ll notice the hardwood floors, vaulted ceiling and large windows. To the left are barn doors that lead to a custom bathroom suite.
Your view into the master bath through the custom barn doors
Every room of this home is filled with high quality touches. The master bath begins with dual vanity sinks and a private toilet room with pocket door.
Check out this fantastic walk in shower with custom tile work and multiple shower heads!
One of the two additional bedrooms upstairs, so tastefully done!
There is also a full bath upstairs with a beautiful white vanity and tile back splash
The third bedroom upstairs is currently being used as an office. Notice all of the wood wrapped windows for plenty of natural light
And finally, as you step outside the french doors onto the deck, you’ll appreciate the beautiful wood slat covering with recessed lighting and the deck where the barbecue goes. The backyard is private and tastefully landscaped.
Conveniently located near all major amenities and minutes to Hwy 16 makes commuting a breeze. Fircrest is a tightly knit community with a 25 mph speed limit. It is boarded by Tacoma and University Place, both of which have a plethora of dining and shopping options. You can also enjoy a round of golf at the Fircrest Golf Club or relax at their pool! If you’re looking for more room to roam there’s the 75 acre Titlow Beach Park just a short drive from here and is located right on the Puget Sound. It offers tennis and basketball courts, playfields, trails, spraygrounds and playgrounds for the kiddos and picnic areas, too!
3781 E R St., Tacoma
1,680 Sq. Ft.
3 Bedrooms/ 2 Full Bathrooms
4,598 Sq. Ft. Lot
2 Car Attached Garage
Offered for: $259,950
Welcome Home! Centrally located for low commute times to Seattle and JBLM, this little darling is ready to be yours! Refreshed and ready for move in with new paint, new carpet and vinyl. Super efficient 3 bed 2 bath 2 car in attractive redeveloped Salishan.
Surrounded by parks and walking trails, you’ll have plenty to do outdoors before coming home!
The open concept living space is just the right size for relaxing and entertaining
The dining space is part of the open concept and leads to the sliding glass door where you’ll find a fully fenced back yard
The kitchen offers ample oak cabinetry, all appliances and a breakfast bar for a quick snack on the go
Preparing meals will be a joy in this crisp and clean kitchen!
The Master Bedroom is a generous size and offers plenty of windows for natural light
One of two full bathrooms, simple and stylish
The Master walk-in closet includes windows for natural light and plenty of space
One of two additional bedrooms, all new carpet!
The third bedroom with all new carpet!
Enjoy some outdoor fun in the fully fenced and spacious back yard!
Centrally located in Tacoma WA is a terrific neighborhood called Salishan that has been restored like new! JBLM is nearby and Seattle is a faster commute from here. Just blocks to schools, churches, The Tacoma Library and restaurants, this home offers an affordable option and easy living. If you love parks you have many options, but you have to try Roosevelt Park where they have a walking trails and a terrific disc golf course that will challenge you for hours! If you’re bored with an ordinary eating out experience, you gotta try El Pique Restaurant where a blend of Mexican and Peruvian dishes, like ceviche and tapas will delight your senses. A huge favorite in Tacoma is also The Top of Tacoma, featuring one of the BEST Happy Hours in the city, some down to earth tavern food and brunch every Saturday and Sunday! You’ll also be just 10 minutes away from downtown Tacoma and the fabulous Tacoma Waterfront where you can enjoy a relaxing stroll, rent a kayak for a few hours and dine in one of many waterfront restaurants. Come tour this home and see why Tacoma is such a great place to live!
6430 View Ridge Dr., Tacoma
4,888 Sq. Ft.
4 Bedrooms/ 3.5 Bathrooms
30,128 Sq. Ft. Lot
Garage and Carport for 3 Cars
Offered for: $925,000
This exquisite home is on a large lot and is just beaming with pride in mid-century modern architecture!
Enjoy exceptional views year round of the Puget Sound, The Tacoma Narrows Bridge, mountains and more!
The current owners took a lot of pride in the renovation of this home and the details are impeccable. The living room features a cozy gas fireplace and full length brick wall and hearth.
Making your way around the main floor you’ll immediately take in all of the windows that open to the expansive wrap around deck. This is another lounging around space that leads to an outdoor living room as well
Enjoy year round entertaining while soaking in the views on the covered outdoor living room. The heaters above will keep you warm no matter the weather.
You’ll see that the living area opens to the formal dining room and the expansive wood wrapped windows allow all of the beauty and natural light in.
The wood wrapped windows make for an elegant dining space to enjoy formal or even casual meals
This modern kitchen won’t disappoint and is fully equipped with everything you need to entertain
As you enter the master bedroom you’ll take note of the cozy gas fireplace and room for your wall mounted tv.
The Master Bathroom features a walk in shower and tile throughout
This closet in the Master Suite is thoughtfully designed to keep you well organized
One of the 2 additional bedrooms upstairs with hardwood flooring
The third bedroom upstairs with hardwood flooring
A full bathroom on the main floor features custom tile work
As you make your way downstairs, you won’t want to miss the wine cellar and cork wall decor!
The downstairs space is expansive and has all the space you need for entertaining. Check out the wet bar!
Another view of this tremendous bonus space and yet there’s even more…..
Appropriately named the man cave, have the fellas grab a cold one from the wet bar and watch the action of your favorite sports team!
Head on out to the patio to relax all year round in the hot tub!
And the space just goes on! What would you use this for? A craft area or playroom?
The bedroom downstairs could be the perfect space for your teen or college student
Nothing was spared in the remodel of this truly exceptional home! Note the quality in details of the bathroom downstairs. It is simply beautiful!
Located in the desirable North End of Tacoma and minutes to Point Defiance Zoo and Aquarium, this exceptional home is perfect for year round entertaining! Explore several waterfront parks and beaches as you walk, run or stroll Ruston Way. With views of Mount Rainier to the West, the Olympic Mountain Range to the East and Commencement Bay, there’s no better place to spend a sunny afternoon or take an after-dinner stroll. Rent a boat for the day, a kayak or a paddle board or take a leisurely stroll on the fabulous Tacoma Waterfront and have a cup of award winning chowder at Duke’s Chowderhouse outdoor on the patio. Relax in a reclining lounge chair and catch a great new release at the Ruston Way Theatre! There are so many wonderful restaurants to choose from so close by and entertainment and shopping opportunities, too. Within blocks you can jump on the freeway and enjoy easy access to wherever you desire to be!
4115 105th St. Ct. NW, Gig Harbor
1,388 Sq. Ft.
3 Bedrooms/ 1 plus 3/4 baths
27,008 Sq. Ft. Lot
Multiple Garages! Covered RV/Boat, Large Covered Carport
Offered for: $495,000
Welcome home to an amazing place where all of your cars and toys will have a home, too! This is 1 story living at it’s best in North Gig Harbor!
This private home is tucked away behind it’s own gated entry and includes incredible garage spaces, covered parking for up to 12 cars or more, boats, and an RV!
This open concept rambler has skylights and is ready for your vision. Keep warm in the winter by the wood burning stove.
The living room leads to a spacious sunroom just through this door
While you pass through the kitchen you’ll take note of the abundance of cabinetry and style-stone counters
The kitchen opens to a spacious dining area that features a large bay window and tile flooring for easy cleaning
Enjoy the warmth of the sun year round in this over-sized sunroom with beautiful open-beam ceilings
This space would also make for an excellent bonus room or additional family room
The Master Bedroom is spacious
The Master Bath features a step into the garden soaking tub and a large window with privacy glass
A second bedroom with hardwood flooring
The third bedroom
A 3/4 bath finishes the floor plan
Enjoy the outdoors on this .62 acre lot all year round on this spacious covered deck with a railing that wraps around!
The sidewalk leads you to the covered RV or boat space.
Park your big toy here year round, it will always be protected from the elements!
Let’s just call this a ginormous covered carport, because it’s 40′ deep!
This is just one of the heated garages where you can tinker with your collection! Invite the boys over to talk shop for hours and take a break at the bar to keep an eye on the game while having a cold adult beverage.
Got toys? I’m here to tell ya, properties like this are few and far between unless you build it yourself! These garages are heated, wired for 220 and one has a 12′ door.
Imagine coming home to your own private piece of heaven located off of Peacock Hill in the picturesque North Gig Harbor. You’ll feel comforted by the security of a gated entry. This ONE OF A KIND property has plenty of room for all of your award winning toys! Become a member, if you aren’t already, of the Gig Harbor Cruiser’s Auto Club and share your passion for fine automobiles! Stop by to The Devoted Kiss Cafe just down the street for a fantastic breakfast and lunch with incredible views. Love seafood? You’re in luck because Anthony’s of Gig Harbor is where you want to be! Take in a spectacular view of the harbor and Mt. Rainier while dining and enjoy premium Northwest seafood and watch the local marina activities. This home is located centrally to everywhere you want to be and close to freeways for easy access to your commute. Just minutes away also to more shopping and dining option in Uptown!
9 St. Helens Tacoma
4,726 Sq. Ft.
4 Floors of Commercial Office Spaces
6,775 Sq. Ft. Lot
Offered for: $650,000
This historical property was built in the late 1800’s for Henry Drum, who was the mayor of Tacoma from 1888-1889, and later a state senator. It was designed in the Queen Anne style of architecture and was renovated and turned into a professional office space 40+/- years ago by the current owners/architects. Currently, there are four suites ranging in size and amounting to approx 4,726 sq.ft
The main floor offers 2 Suites, each with their own very unique appeal
This space is currently being used for design consultation. The possibilities are endless!
As you walk through the main floor you’ll take note of the quality wood work throughout with understated excellence.
These office spaces are ideal for a plethora of businesses, such as Counseling Services, Brokers, Consultants, CPA’s, Accountants and more. And because it is located in such close proximity to the Tacoma Courthouse, it is also a perfect space for Attorneys!
Note the beauty in wood wrapped windows and stained glass
The spacious second and third floors are occupied by the current owners, Architects Rasmussen Triebelhorn (ART).
Each space presents an opportunity for your vision. It is important to note that this property includes a fire sprinkler system as well.
The Garden Suite is on the lower level and has it’s own access. It is currently occupied by Carpe Diem Massage Therapists.
This commercial parcel is established as a historical landmark and also includes off street parking. It is conveniently located in the Historical Stadium District of Tacoma, providing easy access to the Tacoma Waterfront, freeways, hospitals, schools and shopping. Anyone that is self-employed or in the service industry will enjoy this ideal location and flexibility of space!
5006 Bridlepath Dr. NW, Gig Harbor
4,443 Sq. Ft.
4 Bedrooms/ 3 Full plus 1 Half Bathrooms
20,423 Sq. Ft. Lot
3 Car Attached Garage
Offered for: $975,000
Located in the quaint maritime city of Gig Harbor, this elegant and spacious home is nestled on nearly a half acre lot in the pristine neighborhood of Canterwood!
As you enter this dream home you will immediately take note of the gleaming hardwoods and expansive wood wrapped windows allowing the natural light in.
Imagine the sit down meals you will enjoy with friends and family in this elegant dining room that opens to the formal living room. Enjoy the views in the backyard through this enormous window.
As you walk into the formal living room you’ll notice the handsome fireplace and mantle and enormous wood wrapped windows that allow you to enjoy the view of the backyard from all angles.
The half bath on the main floor has designer touches for your guests to enjoy.
The main floor also features an office with built in desk ready for you to work from home.
The entryway of this beautiful home invites you, your friends and family with gleaming hardwood floors and vaulted ceilings. Notice the custom stair railing, too.
On your way into the kitchen you’ll pass by a butler’s station where you’ll keep the wine chilled and ready for entertaining!
As you enter the kitchen you’ll be delighted with the high quality touches everywhere you look from the solid slab granite counters to the Kitchenaid appliances and center island. Notice the kitchen window is wood wrapped to match the cabinetry, how thoughtful!
This is truly a chef inspired kitchen with warm tones and it just flows perfectly!
Ahhhh the perfect spot for a morning Cup of Joe. Make sure to stop by and support a great local business, Susanne’s Bakery, on your way home for some tasty fresh baked breakfast goodies!
The open concept of the kitchen leads to the family room so you’ll always be a part of the action. I just can’t get over how beautiful these enormous wood wrapped windows are!
There are two bonus rooms in this incredibly spacious home and this one is located on the main floor. What would you use it for?
The laundry room itself is also on the main floor, just look at all of this storage space to help you keep everything organized and neatly tucked away!
When you make your way upstairs you’ll find the master bedroom that is better described as a 5 star hotel room! Enjoy a romantic fire that is visible from your cozy bed and the luxurious master bath as well. Just wait until you see it next!
The master bath is so luxurious and feels more like you’re staying at The Ritz Carlton!
The quality touches never seem to end in this home with floor to ceiling tile surrounding a dual headed shower that is accessed from two sides, each with it’s own vanity sink
One of 3 more spacious bedrooms upstairs. This one is en suite with a full bathroom
A third bedroom upstairs. There is also another full bathroom!
This is the fourth bedroom. Did I mention there is all new carpet, too in this home??
Wait…. what?? A second Bonus Room?? Yes indeed there is! There’s a space for everyone and every activity in this tremendous home!
How about this amazing outdoor living space? Light the fire and fire up the barbecue for year round enjoyment!
The backyard couldn’t be any more perfect with its park like setting! Stay healthy in your own backyard while you work up a sweat during a friendly game of hoops on the sport court! And the little ones can enjoy hours of exercise and playtime, too on the huge play structure!
After all that exercise you’ll want to cool off under this great gazebo with a zesty glass of fresh squeezed lemonade in the shade!
There’s so much to enjoy about this truly exceptional home on it’s own park-like setting! Located in the beautiful city of Gig Harbor, you’ll also find the Harbor Waterfront. Take a stroll along the harbor where you can shop, dine, and take in breathtaking view of Mt. Rainier while you watch the boats come and go. Enjoy a locally brewed craft beer at 7 Seas Brewery, fresh seafood at Anthony’s, or sit on the deck of Tides Tavern and watch the boat traffic! If you’re up for a round of golf, Canterwood Golf and Country Club is just minutes away where you’ll find an 18-hole course and all the amenities of a private country club. Whether lounging around the outdoor pool, playing on the tennis courts or challenging yourself on the golf course, you’re sure to have a great time! You are also nearby to The Tom Taylor Family YMCA , St. Anthony Hospital and stocking up your pantry at Costco!
1639 11th Ct., Fox Island
3,704 Sq. Ft.
4 Bedrooms/ 2 Full plus 3 x 3/4 Bathrooms
10,501 Sq. Ft. Lot
3 Car Attached Garage
Offered for: $895,000
If you enjoy a slower, more relaxed and peaceful lifestyle, then you’ve found home! Upon entering the driveway you’ll be blown away by the beauty in craftsmanship of this magnificent 5 bedroom stunner and just wait until you see the view from here!
This home feels like a vacation every day as you soak in the views through expansive windows. Get ready to have all of your senses tingled!
So much beauty to see and it starts with a towering stone fireplace that is the focal point of the great room. There are two sliding glass doors that lead you to the showstopping views!
But wait, check out the kitchen first…. As you walk in you’ll take note of the quality finishes and top of the line stainless appliances.
Imagine the entertaining you’ll do in this open concept kitchen that joins the great room. The cook will always be a part of the action! Notice the built in wine cooler and extensive cabinetry.
The dining area just off the kitchen takes in the incredible views, too. Step outside through the slider to soak them in!
The deck off the kitchen is perfect for cooking outdoors all year around. Sit back and relax and watch the boats go by or make friends with a bald eagle likely to sit in your tree!
Watch for whales passing through during the day and enjoy the twinkling lights of Steilacom at night. You will enjoy the sound of the waves, occasional seals barking and gulls calling while you take in the smell of the sea air from your deck!
Wake up to an incredible show of stars in the morning as you start your day luxuriously in this private master suite!
Why pay to go to a spa when it is right in your own home? You’ll appreciate the fine quality in every room of this personal retreat.
The master bath also has a spacious walk in closet and the tile work is just beautiful
Enjoy your Stay-cation here, just step outside the master bedroom onto a private deck complete with a hot tub! This home just feels like a vacation every day of the year!
One of 3 additional bedrooms that takes in the amazing views. This bedroom has it’s own private bath attached
No expense was spared in every bathroom in this quality home
Another bedroom that is just the perfect size
Every bathroom in this home has a shower and quality custom tile work throughout
This bedroom can also be an office or a fitness room
The great room opens way up to this loft that is a great flexible space complete with built in bookshelf
But wait, there’s still more! A huge bonus room, too upstairs! There’s room for everyone and every occasion.
Can you imagine this view this right from your home? It’s hard to believe but it can be yours!
Be on the lookout, you just might see an Orca whale passing through!
Fox Island is a vibrant and unique community. Local favorites include Zog’s, a beer and wine garden where you can enjoy live music! Or stop in the Fox Island Grocery & Deli for some take out and to rent a movie. Check out the Fox Island Sand Spit for a great spot to picnic, take a beach walk, or go swimming. It sits on the Western tip of Fox Island at 55 Bella Bella Dr. If you’re interested in learning more about Fox Island’s history you can visit the historical society Wednesdays, Saturdays and Sundays from 1 pm – 4 pm. Admission is $1! If boating is your passion you’re in luck Fox Island has a Yacht Club that sits on 17 beautiful acres fronting Cedrona Bay. Amenities include a 4,400 sq. ft. clubhouse, 150 ft of floating dock, sport court, outdoor play area & dance floor. Make Fox Island your home today!
10902 65th Ave NW, Gig Harbor
3 Bedrooms/ 2.5 Bathrooms
13,068 Sq. Ft. Lot
3 Car Attached Garage
Custom Details Throughout!
Offered for: $559,000
This exceptional home in Henderson Bay Estates is not only beautiful on the outside, just wait until you come inside!
The elegant curved staircase in the entryway is truly something to appeal to your sense of luxury and style!!
More elegance awaits as you as the entryway leads into the formal living room
As you walk into the formal living room you will immediately take note of the gas fireplace with marble surround, the focal point of this lovely space.
You’ll also take note of the custom mantle, coffered ceilings and built in bookshelf.
The formal living room flows into the formal dining room featuring coffered ceiling and wainscoting. There are so many quality touches in this exceptional home.
As you walk into the kitchen you’ll be immediately inspired by solid granite counters and an abundance of maple cabinetry.
Imagine the home cooked meals you will prepare in this fully equipped kitchen that features recently upgraded appliances. The center island with veggie sink is also a nice place to have coffee or a quick snack. The open concept of the kitchen is ideal for staying a part of what’s happening in the family room, too.
For less formal meals this breakfast nook is perfect! The windows that wrap around this space overlook the private back yard and bring in plenty of natural light.
The family room is part of the open concept space.
Just off the family room is the utility room and spacious walk in pantry! This door leads to the 3 car garage so you’ll walk your groceries right in to where they live.
Continuing your walk through the main floor you’ll find a tasteful half bath for your guests to enjoy.
As you come full circle through the main floor you find this office or den rich with a mahogany wood wrapped window and mahogany cabinets.
As you meander up the curved staircase you will pause and take in the beauty of this custom design!
While you’re upstairs you find the master suite complete with an elegant, marble wrapped fireplace and a cozy window seat
There’s no need to pay to go to a spa when you have one of your very own at home! Imagine relaxing while your troubles melt away in this luxurious jetted tub while taking in the natural beauty of your private back yard that backs to a greenbelt. There is also a shower with tile enclosure, a walk in closet and double vanity sinks. Just soak in the beauty, you may never want to come out!
But after you dry off from your day in your spa, meander out with a glass of vino and a great book and relax some more on your own private deck!
The second bedroom upstairs is a generous size with additional fan windows bringing in all of the natural light. It also features a walk in closet.
The third bedroom is also complete with a walk in closet. No details were missed in this home!
Your final stop upstairs is the full bathroom.
As you step outside the back onto the deck , you’ll also enjoy the patio where summertime fun begins!
Enjoy nearly a third acre property in your private backyard with a well maintained lawn and landscaping
This custom home is located in Henderson Bay Estates, a community of homes chosen for Pierce County’s 2000 Street of Dreams! Just north of Gig Harbor in scenic Rosedale, this beauty is only minutes away from Highway 16 with easy access to Tacoma, Port Orchard, urban centers, schools, shopping and ferries. Henderson Bay Estates is a fantastic development and has numerous features: extra wide roads, double sidewalks, two parks and multiple bus stops. You’ll also be just minutes away is the Canterwood Country Club where you’ll find an 18-hole course and all the amenities of a private country club. While you’re there you may find yourself lounging around the outdoor pool, playing on the tennis courts or enjoying a round of golf on the challenging golf course.
3 Things You Need to Know if You Want to Buy or Sell This Year
The Pierce County real estate market is playing out much like we forecasted in 2017 with tight inventory, fierce competition for good homes and sellers in control. Interest rates have stubbornly remained historically low despite some uptick. This has helped to allow Buyers to afford the higher prices sellers are asking and we’ve seen appreciation continue at a brisk pace taking Pierce County past the pre-recession peak of $285,000 to $315,000 at the end of June. Sounds great? The answer may depend which side of the table you’re sitting at AND what price range you’re transacting in. I’ll talk about some tips for navigating the Pierce County Market in the second half of 2017 but first let’s look at the current year over year numbers.
Inventory – DOWN – 7.3%
Closings – UP – 6.1%
Median Price – UP – 10.9%
New Pending Contracts – UP – 16.7%
As I said, your interpretation of these numbers will depend if you plan to sit on the seller side or the buyer side of the table. Decreasing inventory with increasing sales makes the timing near nirvana for sellers while buyers struggle and sometimes have to write 4 or 5 offers before they win a bid and get their new home under contract. But what if I told you Pierce County has 2 markets in play at the same time? Actually, we do. The farther up the price ladder you go the more the market fundamentals normalize and even tip in favor of the buyers. It’s true, the robust Puget Sound real estate market making headlines is not sharing it’s bounty equally among sellers. Consider this, the sales ratio in Pierce County for homes priced $400,000 or less is a whopping 119%. That’s a big number when we recognize a balanced market is 55%.
Anytime the number of homes pending under contract exceeds the number of homes actively for sale we have what is called an inverted sales ratio. This is the crazy market condition that is driving the headlines and making for real price gains and difficult buyer experiences. But check out the sales ratio for homes priced $400,000 and up on the graph above, it is below average at only 37%.
Tip #1 Buyers and Sellers
Buyer & Sellers must know the numbers in the area and price range they plan to purchase or market their home for sale. There is actually a full spectrum of market conditions that will both predict your experience and determine your outcome. Ask your broker how many homes are for sale and how many are pending contract in your target price range and geographic area. Divide the active into the pending and convert to a percentage. If the number is 55% it’s a balanced market. In a balanced market sellers must price close to the comparative sales. In a balanced market buyers can look at a home more than once, make a deliberate decision about making an offer and how much they would like to offer. The higher the sales ratio goes the more in favor of sellers it is and conversely the lower the number favors buyers. Know the number where you are buying or selling and you will be able to manage your expectations accordingly.