For the second installment in the neighborhood sales statistics, we will visit 98405. Loosely translated here as "Hilltop" this includes areas that many consider downtown, as well as the McCarver Neighborhood. I can say hands down that this is the neighborhood that the majority of my first time home buyers are asking about these days. It's affordable, convenient, and cool. Downtown gets all the attention, but 98405 has been a real workout this year, churning out lots of affordable sales. In 2008 there were 225 houses that sold in 98405. They ranged in price from $55,300 - $469,000. The average sale price was $212,731, 3 bedrooms with 1,586 square feet. Currently, there are 135 houses listed in 98405. They are priced from $89,900 - $448,000. As for condos, there were 30 sold in 2008 in 98405. They ranged in price from $119,950 - $315,000. The majority were in the McCarver Neighborhood above the UWT, at City Steps & Bella View. The average sale price of a condo in 98405 was $219,990, 2 Bedrooms, 1,113 square feet. Here is the breakdown by condo building: City Steps: 9 sold Bella View Townhomes: 6 Sold (sold out) 27th Street Station: 6 Sold 12 St Condominiums: 3 Sold Allenmore Ridge: 2 Sold Ainsworth Condominiums: 2 (Sold Out) Rainier Vista: 1 Sold 1939 S I St: 1 Sold NOTE: Metro City Homes & McCarver Village both chose to list their townhomes in "Residential" instead of Condo, so their data was lumped in with the houses. MCH sold 9 and McCarver sold 3. There are currently 43 condos listed in 98405 ranging from $125,000-$545,000. The average listed price of condos in 98405 is $326,773 for 2 bedrooms, 1266 square feet. Color me dramatic but that is a $110,000 GAP between what the market is saying and what sellers are asking. In contrast, the average price of currently listed houses in 98405 is $216,590. Only a few thousand dollars over the sold average. Home sellers in 98405 seem to have their fingers on the pulse a bit more than the condo sellers at the moment. If you are interested in seeing these homes and condos for yourself, send me an email at TheSkydivingAgent@gmail.com and I would be happy to send you a detailed list. Next up, Stadium - 98403.
So I promised earlier this week that I would break down the 2008 Sales Statistics for Homes & Condos in the City of Tacoma neighborhood by neighborhood. I know folks around here are pretty sensitive about where neighborhood lines are drawn. I swear I almost heard someone go to blows over whether the were "Stadium" or "North Slope". God forbid you start thediscussion of "North End" or "Near North End". I've decided that for the purposes of these statistics we are going to go by zip code, thereby sparing me the need to defend my definition of neighborhoods. I just hate conflict... So today we will start with Downtown Tacoma, in the form of zip code 98402. As for Condos, well, I thought it best to just make an old fashioned list. There is still a TON of condo inventory available downtown. There are 131 condos on the market right now. There were 25 condos sold this year in 98402 ranging from $174,000- $1,375,000. Here they are in order (by Building) from most sold to least sold: Marcato - 9 Sold Esplanade- 6 Sold Perkins Lofts - 3 Sold Roberson - 2 Sold Bayview - 1 Sold Walker - 1 Sold Triangle Townhomes - 1 Sold Granville - 1 Sold Cliff Street Lofts - 1 Sold (sniff... sniff..) Below is a list of Expired and Cancelled Condo Listings in 98402 for 2008. Sometimes the same unit will expire, relist, and cancel (or sometimes sell) so sometimes 1 unit will have several checks. Note that the largest number of expireds/cancelleds are in the largest condo buildings, which makes sense. Roberson - 70 (they expired and cancelled and relisted this year, so theirs #'s are especially high) Esplanade - 31 Lexington Square - 26 Overlook on Broadway - 15 Thea's Landing - 11 Marcato - 10 Cliff Street Lofts - 9 Sky Terrace - 8 Triangle Townhomes - 7 Perkins Lofts - 7 The Mecca - 6 Walker - 5 505 Broadway - 4 Panscape Condos - 4 440 St Helens - 4 Granville - 4 Broadway Five - 3 Vintage Y - 2 Bridge Lofts - 2 Luna - 1 Galleria - 1 SELLERS: If you are living in a building that has a high number of expireds/cancelleds with no sales for the past year and you are thinking of selling, you and your agent are going to want to take a close look at the pricing and make sure that you enter the market under where your neighbors listed and failed. BUYERS: Make sure to negotiate agressively on your pricing and terms. Incentives I've heard about include paying your homeowners dues ahead for a year, paying for a years worth (or more) of leased parking, etc. Closing costs of 3% should be pretty much a given, also. If you are interested in seeing these homes and condos for yourself, send me an email at TheSkydivingAgent@gmail.com and I would be happy to send you a detailed list. Next up, Hilltop- 98405. For more Downtown Tacoma Real Estate information visit Get Real Tacoma.
There aren't a ton of single family homes in 98402, but 4 houses sold. They ranged in price from $87,600 - $276,000. 5 houses expired or were cancelled.
One of the best things about living in the City of Tacoma is that you are close to the action on a night like New Years Eve. The Weekly Volcano's SPEW Blog has put out a list of the best places to Party tonight. You can find THIS Realtor at The Mix on 7th & St Helens, but from the look of this list there are lots of great places to celebrate.
Don't forget to designate or Cab it home, and have a very Happy New Year!
The New Tribune is reporting that the City of Tacoma has the opportunity to claim 2.9 Million of the 3.9 Billion Dollar Housing Bill congress passed in July. "Pierce County is eligible for about $4.4 million, and the City of Tacoma is eligible for about $2.9 million. Both amounts are the highest in the state, because both areas have the highest foreclosure rates. Local officials acknowledge the program’s limitations. “Three million dollars in the housing market is a grain of sand,” said Rick Teasley, housing division manager for the City of Tacoma. “At the very best, we can hope to help maybe 100 to 200 home buyers get into houses.” Everyone is going to have lots of opinions about how this money can best be used, the problem is (Like Rick Teasley says above) 2.9 million is not a ton of money. To put that in perspective that is 12.6 houses at our County's median home price of $230,000. I believe that adding cash to the coffers of the City of Tacoma Downpayment Assistance Program would do the most good. That helps buyers, which helps sellers. It will be interesting to see what happens next and how this money is used. For more information on Downtown Tacoma Real Estate visit Get Real Tacoma.
This might sound a little strange, but sometimes I get a little attached to certain properties. That happened with Unit #401 at Cliff Street Lofts. A 1 Bedroom, 1 Bath Loft with 14 Foot Ceilings. What I loved most was that it was on the corner, shaped like and “L” so there was TONS of light and a really open feel. The angle meant you had a view of both the port AND the mountain. I showed it a few times but did not have a client that clicked with it the way I did. It sold for $174,000 (Agent was Matt Hume at Windermere) and closed today. I hope the new buyer loves it as much as I did! Here are some more pictures of it's awesomeness... For more information on the Downtown Tacoma Real Estate Market visit Get Real Tacoma.
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Tacoma is different things to different people. This blog is about everyone getting to have their Tacoma just they way they want it. I live, work, and play in Downtown Tacoma. As a Realtor I specialize in Downtown Tacoma, Hilltop, The Lincoln District, and The Stadium District.
Set big goals and dare to go after them. That's Marguerite Giguere's belief, and she upholds it in both her personal and professional life. From jumping out of a perfectly good airplane to pursuing her entrepreneurial ambitions, this simple philosophy consistently guides Marguerite's every action. Indeed, it allows her to confront challenges head-on and achieve whatever she sets her mind to.
For Marguerite, taking a Go For It approach to life isn't a singular pursuit. It's the driving force behind her work as a respected real estate professional. "Real estate is the perfect fit for me and so rewarding because it allows me to guide people to success during one of life's biggest decisions-buying or selling a home," she says with her trademark enthusiasm.
If you're serious about pursuing your real estate goals, turn to a professional who has the knowledge and expertise to make success happen. Go For It and call Marguerite Giguere today.
As a real estate professional, Marguerite Giguere has made it her passion to know everything she can about relocating to, from or within the Downtown Tacoma area. Those who have worked with Marguerite appreciate knowing the purchase of their new home is in the hands of such a capable and trustworthy real estate agent.
Tacoma, Washington is a dynamic city located 45 minutes south of Seattle and 20 minutes from Fort Lewis Army Base & McChord Air Force Base. It's location makes it a poplular choice for commuters. The newly renovated downtown area boasts an exciting mix of local and international businesses. With a wide variety of residential neighborhoods to meet every type of lifestyle- Tacoma is experiencing incredible growth, making it one of the most exciting places to live in the Pacific Northwest!
When it comes to making a move in Downtown Tacoma, it just makes sense to turn to a real estate professional who cares about your needs and will go the extra mile to meet them. Marguerite has made homes, condos, and duplexes in the City of Tacoma her focus. If you are looking to buy a home in Tacoma, Marguerite has the expertise to help you find the best value with best loan. If you are looking to sell- Marguerite knows your neighborhood and understands how you can outshine your competition- because she eats, sleeps, and breathes Tacoma.
Marguerite is a member of the Tacoma Pierce County Association of Realtors, Washington Association of Realtors, and the National Associations. She currently serves on the TPCAR Membership Committee and the New Realtor Council Committee and loves meeting her fellow Realtors.
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