Good news for Gig Harbor real estate
I usually don’t put a ton of stock in the month-vs-month real estate statistics, but the reality is that they can show us some trends. With all of the negative news we read surrounding real estate, I thought I’d share with you a bit of good news considering real estate in Gig Harbor.
This past month, 60 single-family homes sold in Gig Harbor, compared to 68 during June of ‘07. That’s not much of a drop off. Even more encouraging is that the median price for the homes that sold in June was $473,600. Last June’s median home price in Gig Harbor was $454,500. Only 1 Gig Harbor condo sold in June. ‘08 has seen us clunking along at about 50% of the previous year’s sales volume, but as you can see June was almost equal.
I don’t think we’re getting back to where we were a few years ago, but I don’t think it’s healthy to get back there, either. I do think that these numbers show that houses are selling. The chart below shows some numbers for Gig Harbor homes that sold this past month with 2, 3, 4, 5+ and then all bedrooms.
Click here if you’d like to see this chart enlarged. If you’d like to know what sold in a specific neighborhood, or you’re curious about the surrounding areas’ numbers, please let me know. Gig Harbor, as I’ve defined it here, does not include the Key Peninsula. It does, however, include Fox Island real estate.
