Closed Transactions Month of July
Please note: we are comparing closings for July of this year to last year.
80% more homes closed in July this year.
Transactions took about 65 days longer to close. The average selling price was down seven percent.
Sellers accepted 9% less than they originally asked.
There are 280 homes in inventory, 31 more than last month, at all price ranges (the highest listing is $8.8M). Average listing price is $890,000, down from last month) , with half the inventory under $657,000.
In summary, Bainbridge has more homes in inventory with prices lower than last month. Still a strong buyer's market.
Closed Transactions for July
Here are last month's statistics for North Tacoma, including downtown and University Place.
33% fewer homes closed this month than during July last year, and they closed 11 days sooner.
The average sale was down only 2% from the same month a year ago, an improvement over last month's numbers. Sellers accepted about 11% less than their original asking price.
Tacoma continues to be a buyers' market, but the trend is moving toward neutral.
Currently 748 single family residences are on the market. Listing prices range from $40,000 to $7M. The average listing price is $149,248, with half the inventory under the median price of $185,500.
If you'd like the selling details of the home that closed in your neighborhood, just ask. I'll email you the information.
Second Quarter 2011
The second quarter of 2011 saw a decrease of 19% compared to the second quarter of 2010.
Transactions closed nearly a month slower. The average selling price was down ten percent. Sellers accepted 10 percent less than they had originally asked.
Last year's second quarter benefited from the tax credit, so it is not surprising that the numbers are down slightly this year.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
Second Quarter 2011
The second quarter of 2011 saw a decrease of 17% compared to the second quarter of 2010, but last year quarterly sales were driven by the tax credit.
The average selling price was two percent higher. Sellers accepted seven percent less than they had originally asked.
Homes closed relatively quickly--in less than three months.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
Second Quarter 2011
The second quarter of 2011 showed a marked decline in transactions compared to the second quarter of 2010, but remember that there was increased activity last year due to the tax credit.
Nearly a third fewer transactions. Closings nearly two weeks slower.
The average selling price dropped two percent. Sellers accepted 13% less than they had originally asked.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
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