The Latest Trends in Pierce County Real Estate

As we head toward the halfway point of the year, it’s time to take a look at some recent market trends and what they mean for buyers and sellers. Here’s what you need to know.

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

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

We’re nearly halfway through the year already. Can you believe it? Today I thought it would be a good time to give you a quick update on some trends that I’ve been seeing in the Pierce County real estate market so far in 2019.

For your convenience, I’ve provided timestamps below that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:

0:30- A look at the current absorption-based pricing index (aka supply and demand)
1:05- How pricing trends have changed in just the last six months in Pierce County?
3:45- Why it was a good thing for our market to see a decrease in home appreciation
4:10- What’s currently available to buyers in Pierce County?
4:45- The two types of markets for home sellers right now
5:30- A final look at our absorption rate and what that means in this market

If you have any questions for me or would like to see the statistics for your specific neighborhood, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

Which Improvements Bring the Best Return on Investment?

If you’re interested in adding value to your home before you sell, today’s message is for you.

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

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

Not all improvements will bring as high a return as you might hope as you prepare to sell your home. When getting your property ready for the market, you need to be strategic in the upgrades and repairs you choose to invest in.

There are a few specific areas that will bring a high return on investment (or ROI).

To begin, make sure to spruce up your curb appeal. First impressions matter, which is why your home’s exterior is so critical to your success as a seller. However, don’t forget that less is more. Simple touches can go a long way in terms of adding value. The most important thing is that your yard is neat, tidy, and leads buyers to expect an equally inviting interior when they set foot indoors.

“

Less is more.

”

Also, make sure the color of your home’s exterior doesn’t hurt its overall value. Certain colors, like yellow, can decrease what buyers will pay for your home by thousands of dollars. Conversely, having a front door that’s painted the right shade can add thousands to your value. Researching and implementing current design trends can make a world of difference.

Moving on to your home’s interior, bathroom renovations bring some of the highest ROI of any project. Modest bathroom renovations will bring an average of $1.71 for every $1 spent. Making more extravagant renovations, though, is typically a poor choice. Over-improving your bathroom will generally cause you to lose money instead of gaining it. All in all, the key to upgrading your home before you sell is to strike a balance between “enough” and “too much.” Again, less is more.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.