Gig Harbor is located on the Olympic Peninsula with a population of 6,500 in Gig Harbor proper and a total popultion of 66,000. Gig Harbor is surrounded by snowcapped mountains, lush forests, and beautiful sparkling water, no wonder so many artist call this home. It is a quaint community that offers a waterfront of 2.8 miles lined with local shops and restaurants where "Her Majasty" Mt. Ranier, can be seen almost everywhere. The charm of the community reflects in residents as they walk the harbor with a smile to greet you and a friendly hello that is heart felt.
What was once a well kept secret has now become a very desirable place to own real estate not just for the family looking for a great place to live but for investors as well. The opening of the Tacoma Narrows Bridge make it an easy access to Tacoma and Seattle. It is becoming a progressive business community that offers a tremendous quality of life. With its proximity to major industrial, commercial and military centers; Gig Harbor is an ideal investment.
Washington State was the tenth fastest growing area in the country at the end of the last century. There are a million more Washingtonians today than there were in the 1990's. The Office Of Financial Management (OFM) now estimates that Washington State will grow from a population of 5.97 million in 2000 to roughly 7.7 million in 2020, or about 1.5% per annum. How does Gig Harbor fit into all of that? According to the research of the OFM done in 2002, growth rates of 1.4%-1.8% are anticipated which will push the base population rate of Gig Harbor to roughly 71,200 people by the year 2020.
From an investment point of view according to Donald Trump, one must look at new businesses and improvement in infrastructure to an area to know where the next best investment is to be found. PEOPLE WILL NEED PLACES TO LIVE. There will be a need for more homes for ownership and an overwhelming need for rental properties as people move here for the support of these new businesses. With interest rates low and what is perceived to be a buyer's market this is a perfect opportunity for anyone wanting to invest in Gig Harbor.
Stay tuned for my class on Investing In Real Estate What You Really Need To Know! For a detailed report on the Synthesis Of Growth Data Regarding Gig Harbor, contact me either via e-mail realestate@darlenecherry,com or by phone 253-861-6805. I look forward to serving you in reaching your real estate goals.
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