May home sales up, down, all around in Gig Harbor
In my pre-real estate life I taught math to 11 and 12 year olds. I always told them that you can use math and statistics to paint pretty much any picture you want. That holds true in real estate. Looking at the Gig Harbor home sales for May, I can either paint a rosy picture of our market or make it look oh so bleak.
May saw 44 homes and condos sell in Gig Harbor and Fox Island, that’s up 9 from April! Yeah! That’s down 39 from May of ‘07. Oooh. Our median sales price for May was $416,250, by far amongst the highest in Pierce County…YEAH! In May of ‘07 our median sales price was $485,000…Ooooh.
Numbers are what they are. Bottom line is that homes that are priced well are still selling relatively quickly (median days on market for this past month was only 87…YEAH!). All of these numbers can be skewed by odd sales as well (the lowest sales price was $155,000, and the highest was $1.225M…if May of ‘07 saw a $2M+ home sell, things look different).
Click on the map below to see the homes that sold in Gig Harbor and Fox Island this past month. Most recent asking price, final sales price, and total days on market are listed. Keep in mind that the original asking price may be different from the most recent, and keep in mind that certain concessions may have been made that are not reflected in the sales price (new roof, new siding, buyer bonus, etc). The info is taken from the NWMLS and is reliable but not guaranteed. If you’d like specific information on your neighborhood, or if you’d like to know what your house is worth, please contact me.
