An Area-by-Area Breakdown of Our Pierce County Market: Part 1

For part one of my latest Pierce County market report, you’ll see the latest statistics from Gig Harbor, North Tacoma, Central Tacoma, University Place and Fircrest, and Browns Point.

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Here is the first part of my area-by-area Pierce County August market report, with all the most important statistics you need to know. I’ve attached timestamps of the video above so you can jump ahead to your specific community:

0:48 (Gig Harbor): The likelihood of sellers getting their homes sold dropped compared to the previous month to 43.4%. Year over year, the median sale price increased 21.7% to $530,000, inventory dropped 24%, and sales decreased 5.3%.

1:46 (North Tacoma): The likelihood of sellers getting their homes sold dropped from 124% to 89% compared to the previous month. Year over year, the median sale price increased 21.9%, inventory dropped 19%, and sales decreased 20%.

2:45 (Central Tacoma):
The likelihood of sellers getting their homes sold dropped from 326% to 79.5% compared to the previous month. Year over year, the median sale price decreased 20.3%, inventory rose 2.6%, and sales decreased 34%.

3:31 (University Place and Fircrest):
The likelihood of sellers getting their homes sold increased from 83.6% to 90% compared to the previous month. Year over year, the median sale price increased 21.3%, inventory dropped almost 26%, and sales decreased 1.4%.

4:27 (Browns Point):
The likelihood of sellers getting their homes sold dropped from 150% to 71.4% compared to the previous month. Year over year, the median sale price increased 8%, inventory dropped 35.5%, and sales increased 9.4%.

If your area wasn’t listed, be sure to check out part two of this market update.

If you have any questions about your specific market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.
 

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