April home sales in Gig Harbor
If you are one who takes all of your information from the national news, go ahead and skip over this post, because you won’t believe any of it anyways. So many of the bloggers whom I “dialogue” with on other real estate blogs are convinced that our market is tanking, and Realtors such as myself are desperately and shamelessly altering the facts to try and save our jobs. So if you believe Gig Harbor’s real estate market is in a hole because your cousin’s house in Kalamazoo, MI, won’t sell, move on to another blog. If you want some facts, keep reading.
This chart shows the price range for the 33 homes and condos that sold in Gig Harbor in April of ‘08. As you can see, the $400,000-$500,000 price range saw the most sales. The median price of $427,000 was a 7% increase over the median price from April of ‘07. I know, I’m not allowed to say home prices are actually increasing, but Month vs Month they did in April. Sorry to bring good news, I’ll try and stop. To bring a bit of perspective back to the table, April of ‘07 saw 77 sales versus only 33 in ‘08. That’s a significant difference. In my opinion, that’s more significant than the median price increase.
Bottom line is that homes, when priced correctly and in prime condition, are still selling. Click the map below for an interactive tour of the home sales in Gig Harbor. Hover your cursor above any pushpin to see the asking price, final sales price, and days the home was on the market. Remember that the asking price is the list price at the time of the sale…it does not take into consideration any price reductions (it’s not necessarily the original asking price). Information is taken from the NWMLS and is reliable but not guaranteed.
