Charting Gig Harbor’s Home sales
Last week I began a weekly segment showing the home sales activity in Gig Harbor, Port Orchard, and the Key Peninsula. I like to compare homes that have come active on the market versus homes that have gone to “Pending,” meaning they have a signed around contract between buyer and seller that is simply pending a close. I believe that these comparisons give a good glimpse into Gig Harbor real estate (as well as Port Orchard real estate and Key Peninsula real estate).
The numbers from week 2 of 2008 are almost identical to week 1’s numbers, with one notable exception. Port Orchard saw 16 homes go to Pending this week, compared to only 2 in week 1. Both Gig Harbor and the Key Peninsula only had 2 homes go Pending in week 2. Gig Harbor had 33 new homes come active on the market, while KPN only saw 12, and Port Orchard had 40.
Keep in mind that some of these numbers can be a bit skewed. For example, a home that has been on the market for 6 months may “Expire,” then re-list, thus showing as a “New listing.” It’s always a good idea to ask your Realtor what a home’s property history is. How long has it been on the market, any price reductions, etc.
For full reports on the Gig Harbor area real estate market, please email me at mthomson@kw.com or call me at the number listed at the top of this site.
