Puyallup, WA

The Puyallup market has mixed reviews for the month of September 2008. For the first time this year, sales cracked the 100 homes sold and 10% of listed homes sold in September. Pending sales were also up in September as compared to previous months.

On the flip side, the median sales price dropped $19,000 from August to $249,950 and the average sales price dropped $20,000 from the August average.

If buyers continue to gain confidence and more homes are sold, we should see the median sales price increase in the coming months. However, if buyers fall back into the "fear of the market crashing" mentality, then we will see drops in sales and in prices.

Being that the holiday season is just around the corner, it will be interested to see what happens in the Puyallup market in the coming months.

My recommendation is to buy before the holidays, if you have the ability to get approved. Interest rates are near the lowest levels of the year, home prices are at the lowest level of the year, and you can anticipate the inventory to drop as we enter the holiday season. If you want the best rates, the lowest prices, and the best selection now is a great time to be a buyer.

Sellers that need to sell should list if they are ready, willing, and able to price correctly for the market. Consider that home values dropped 7% in a month in the Puyallup market. Sellers must understand the need to price below the market to even have a chance to sell at this time.

*statistics are from a reliable source, but are not guaranteed. For more information regarding your area, contact a full-time real estate specialist.

Hey all you coffee drinkers in the Puyallup area. The Solinsky Home Team has requested to continue the 2 for 1 drink special at Forza's on South Hill for the month of October.

Guess what? They will do it!

In the month of October, visit this location and receive 2 drinks for the price of 1.

All you have to do is mention the Solinsky Home Team sent you and you get the 2 for 1 special!

Forza Drive Through is located on Meridian near 128th in the Rite-Aid/Goodwill parking lot.

Drive Through today and pick up your Forza's!

The Solinsky Home Team at Keller Williams is committed to building community through the real estate business.

We enjoy parternering with other locally-owned businesses to provide discounts for our clients and friends.

Be part of our community and tell others about the Solinsky Home Team at Keller Williams!

When Washington State's Community Economic Revitilization Board (CERB) told the City of Puyallup last Thursday that they came in Fourth Place for the State's LIFT (Local Infrastructure Financing Tool) grant, and would not be awarded $1 Million to connect Puyallup's downtown core with South Hill, a collective sigh could be heard from City Hall.

The City's deflation has turned to elation today according to City Manger, Gary McLean, as the CERB has moved the City of Puyallup into Third Place ahead of the City of Vancouver, awarding Puyallup with the $1 Million grant they were hoping for.

Read on...

The Puyallup real estate market hit some strides this past week, be it small strides, but strides none-the-less. Residential pending sales were up and closed sales quadrupled from the second week of August.

Most of the sales took place in the $200,000 - $299,000 range, located on the far south end of town. Maybe with the Canyon Road expansion and the project underway on 94th, combined with the new strip mall developments on Meridian, south of 152nd, buyers are finding deals and finding that traffic isn't so bad.

With a new Target, Wal-Mart and other shopping lining the streets of Meridian, the far South Hill is more self-sufficient than it was even a year ago.

Home values continue to decline in that area as well and it appears buyers are finding the deals they need to get in "buying" mode.

Another positive development was the drop in the median days on market from 72 days in August to 67 days on market in the second week of September. Could this be the shift in the market we need or is it more of a late summer push? We shall see.

August statistics just released by the NWMLS show another modest increase in the median home price. The median home price for Puyallup ended August at $266k - still, a 10% drop in year-to-date appreciation. Today's news in the financial market - namely Lehman Brothers going bankrupt, Merrill Lynch being sold to Bank of America, and the possible restructure of AIG - will likely cause mortgage banks to further reassess risk. What this means is less money to lend to fewer people; less money to fewer people will mean fewer homes selling and the continued erosion of equity in Puyallup real estate.

Read on...