Puyallup and Pierce County Real Estate Statistics
Everyone knows that the Real Estate market is in a slump. But, it’s just like baseball….tomorrow, next week, next month, sometime soon, we’ll be hitting Home Runs again. This is what I tell people: Homes are just like stocks….Buy low/sell high.
Right now….Homes are low!! Buy a house! Don’t sell now, but hold until next year. Things will be better and you won’t take a beating selling your home.
On that note….Here are some statistics for Pierce County, courtesy of Commonwealth Land Title.
Year-to-date August 2007
All Sales (vs. Year to date 2006)
Residential Sales Volume: off 20% to $3.4 billion
Residential transactions: off 24% with 10,759
Mobile home sales on land: off 3% to $132 million
Plexes (2-5 units) sales: off 25% to $97 million
Land sales: decreased 44% to $320 million
Commercial volume: off 7% to $662 million
Average residence: $311,912 up 6%
Now you are going to ask me: Dennis! With you having 13 years of experience in Real Estate, having a Real Estate Broker’s license, being a State Licensed Real Estate Instructor at Keller Williams Realty…..How can we have all these negative numbers and still have the average price of homes going UP??? Don’t you think this is crazy??
The answer is not easy. Across the County there are some areas that have appreciated faster than others. More desirable areas. New homes, for instance, have gone up 11%, with the average price now of $377,519. While there have been less homes sold, the price has gone up.
I have more statistics in my office if you care to call me for them!
October 12th, 2007 at 8:41 am
Interesting, even with volume down, prices are up so much.