1st Quarter Pierce County Market Update

What's going on in our market right now? A good way to get a feel is by comparing the stats from the first quarter of 2017 to those from 2016.

Want to sell your home? Get a FREE home value report.

Want to buy a home? Search all homes for sale.

The Pierce County market is still doing great right now, and a good way to show it is by comparing some stats from the first quarter of this year to the first quarter of 2016.

Last year in the first quarter, 2,848 homes sold for an average price of $255,000 in an average of 33 days. The average house sold had three bedrooms, 2.5 bathrooms, and about 1,900 square feet. Sales ranged from $35,000 to $1.75 million.

It's a great time to sell a house but a challenging time to buy one.

In the first quarter of 2017, 3,205 homes sold for an average price of $284,000 in an average of 23 days. That's actually a 12% increase in sales, which is pretty amazing considering the low inventory. Prices ranged from $27,000 to $1.54 million.

One of the best figures we can use to project the future is absorption rate, which is really just a fancy way of saying supply and demand. Over the last three months, about 1,400 homes have sold per month, and as of April, there are 1,387 homes currently for sale. That's only 1.29 months worth of supply at the current rate homes are selling, making it an extreme seller's market.

That means that if no new homes came on the market starting now, it would only take 1.29 months for all the available homes in Pierce County to sell. It's a great time to sell a house but a challenging time to buy one. However, interest rates are still low enough for it to be a great time to buy a home for a great cost.

If you have any questions about our market or you're thinking of buying or selling a home, give us a call or send us an email. We're here to help.

About

To provide a superior level of service to my Clients that will naturally result in future referral business. Through exceptional Customer Service, Ongoing Education, Doing What I Say I''ll Do, and basing my everyday decisions on "The Golden Rule", I will inherently create lasting relationships that will add to the quality of my life as well as that of my clients & associates.

There would be nothing more rewarding to me than to earn the repeated business of you, your family, and your friends! If there is ever anything I can do for you please don''t hesitate to contact me…and ask me about my Client Care Program and how it can help you!

Subscribe to our Podcast

Chad Hauer
Hauer Real Estate Group
Keller Williams

7525 28th St W
Tacoma, WA 98466

Team: (253) 377-3039
Chad@HauerHomes.com
hauerhomes.com

Client Testimonials

Click to hear recent
testimonials from happy clients

Frankie -“His organization does a lot of charity. I was working at the rescue mission at the time and his group, they usually go there a couple of times a year to help out, feed the homeless population, and support. So, we met there. I asked for his card, you know, maybe interested in the future. Once I found out that my family, we decided that we wanted to sell the home and move to another location we called him up and he was very happy to help me out. He gave me a lot of help, I mean, in less than a couple of days one of his associates called me up and we were just moving at lightening speed. They’re very courteous, always calling, they make you feel like a family.”

Amy -“I didn’t work with Chad directly, I worked with another member of his team. She really sat down with us during the time when she was giving us comps for the area and size of our home. She really sat down with us and taught us and she had the heart of a teacher and went above and beyond details that other realtors that we interviewed did not give us. I would definitely refer someone to the team and let them know that they really work one-on-one, are very personable, and they’re on top of all the details.”

Bethany -“He was a referral from a friend of a friend and he helped me purchase my first home about seven years ago. I was so impressed with his customer service and his attention to detail, so when I decided to sell my home I decided to stick with him. He is a passionate and driven person who is service minded. He will hold your hand through the whole process and make sure that you make the best decision for you.”

Lynette -“Great! Most of what he did was above and beyond. Some of the things that happened were quite frustrating and he was there with a solution every time.”

Yvonne -“Chad sold my house in one day! He also helped me with the process, he gave me advice on how to best sell my house on whether or not to do that by owner, what type of financing to request, he put me in contact with a real estate attorney. He sold my house in one day and helped me do all of this stuff, so I think he did pretty darn good!”

Rob Lenza -“And one of the reasons that we continued to use him is because of the dedicated resources that he gives to the clients. In particular, the marketing resources and the additional staff members that kind of helped and push everything forward. In my opinion, that kind of goes above and beyond the one-person real estate agent who doesn’t do a whole lot of marketing and that sort of thing.”

1 comment :

Loan OfferMay 11, 2017 at 5:01 AM
Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us (urgentloan22@gmail.com)