North Tacoma Living

2007 Home Sales Year in Review for the North Slope Historic District

2007 Year In Review - Tacoma's North Slope Historic District Home Sales

Reviewing the home sales in the North Slope Historic District of Tacoma for 2007, the following was noted-

Total # of Homes Sold  - 63

Sales averages-

Average square footage of home- 2642

Average price per square foot- $178.81

Average Days On Market- 89

Average Sales Price- $457,196

The High Sales Price was $1,600,000

The Low Sales Price was $159,000

Based on the number of sales (closed transactions), currently there is about a 10 month supply of homes if not another home goes active on the market!

Another interesting fact is that the average original list price on a home in the North Slope is $482,621. And when it goes under contract the average is $476,580. And yet when a home sale actually records and closes the average sales price is $457,196. Just 95.93% of the current list price. Which tells us that home sellers are starting out in the market a little bit overpriced for what buyers are willing to pay today. Only 20 of the 63 homes received full asking price. Here is a chart that tracks

If you have any questions about these numbers, please feel free to contact me.  I'd be happy to go over the data with you.

Debi Braulik

Tacoma Real Estate

206-949-4785

August 2007 Real Estate Sales Stats for North Tacoma

August 2007 Real Estate Sales Stats for North Tacoma

From August 1st to August 30th, 2007, 16 homes sold in the North Tacoma from Proctor Street to Commencement Bay and Sixth Avenue north to Commencement Bay.  In comparison in 2006, there were 22 sales in the same period and same geographic boundaries. 

2007 averages are as follows:

Average Sales Price- $428,531

Average Days on Market (DOM)- 86 days

Average $ per Sq Ft- $226.26

Average Sq Ft- 1967

Low Sales Price- $290,000

High Sales Price- $685,000

Homes sold for 98.29% of their asking price.

August 2007 Real Estate Sales Stats for the North Slope

August 2007 Real Estate Sales Stats for Tacoma's North Slope Historic District

From August 1st to August 30th, 2007, four homes sold in the North Slope Historic District in Tacoma. In 2006, there were five sales in the same period.

2007 averages are as follows:

Average Sales Price- $358,625

Average Days on Market (DOM)- 110 days

Average $ per Sq Ft- $222.13

Average Sq Ft- 17058

Low Sales Price- $310,000

High Sales Price- $390,000

Homes sold for 99.07% of their original asking price.

Average sales price to assessed value ratio- 1.33136

Range for sales price to assessed value ratio- 1.14650 to 1.49597

Summary- It is still all about price, price, price. DOM is still in the triple digits. Of the four homes, the longest DOM was 219 days! Interstingly the most expensive sale of the month was the shortest on the market at just 22 days. For the month, demand for the homes active on the MLS has only been on average 2% per week.

Tacoma's Dome District Farmer's Market Season Ending 8/28

This Tuesday, August 28th will be the last day of the Dome District Farmer's Market in Tacoma.

The Dome District Farmer's Market is located across the street from Freighthouse Square on East 25th Street between East D and East G streets. The Market operates Tuesdays from 3 pm to 7 pm.

I hope you have had the opportunity to visit. If not, hurry! Only 2 days (Tuesdays) left. :)

For more information you can visit - www.tacomafarmersmarket.com or call 272-7077.

July 2007 Real Estate Sales Stats for North Tacoma

July 2007 Real Estate Sales Stats for North Tacoma

From July 1st to July 31st, 2007, 27 homes sold in the North Tacoma from Proctor Street to Commencement Bay and Sixth Avenue north to Commencement Bay.  In 2006, there were 32 sales in the same period and same geographic boundaries. 

2007 averages are as follows:

Average Sales Price- $441,782

Average Days on Market (DOM)- 71 days

Average $ per Sq Ft- $196.12

Average Sq Ft- 2380

Low Sales Price- $251,500

High Sales Price- $1,600,000

Homes sold for 95.34% of their asking price.

July 2007 Real Estate Sales Stats for the North Slope Historic District

July 2007 Real Estate Sales Stats for Tacoma's North Slope Historic District

From July 1st to July 31st, 2007, eight homes sold in the North Slope Historic District in Tacoma. In 2006, there were 13 sales in the same period.

2007 averages are as follows:

Average Sales Price- $649,563

Average Days on Market (DOM)- 132 days

Average $ per Sq Ft- $180.47

Average Sq Ft- 3838

Low Sales Price- $289,000

High Sales Price- $1,600,000

Homes sold for 92.20% of their original asking price.

Average sales price to assessed value ratio- 1.3587

Summary- Today it is not only about location, location, location but almost more importantly it is about price, price, price. As Tacoma continues to experience a buyer's market, the DOM is increasing unless homes are priced aggressively. Of the eight homes, the longest DOM was 262 days! The shortest DOM was 3 days! Of the homes currently listed for sale, demand for them has only been 3.75% per week. Sales are still good but we are a long way from a market balanced in supply and demand.

North Slope Garage Sale Entry Deadline Is Today

Today is the last day you can be included in the North Slope Historic District Annual Garage Sale this Saturday July 14th from 9am to 3pm.

The form must be turned in to Judy Martin today. You can drop the form off at her house at 515 North M Street. If you have any questions, you can call her at 572-3059.

Include a check for $5 or cash with your form. This covers advertising and flyers. Checks need to be made out to NSHD. The flyers will include a map of all participating homes. This will be handed out on the day of the sale at 9am.

To get a copy of the Garage Sale Form visit www.tacomanorthslope.com

June 2007 Real Estate Sales Stats for the North Slope Historic District

June 2007 Real Estate Sales Stats for Tacoma's North Slope Historic District

From June 1st to June 30th, 2007, five homes sold in the North Slope Historic District in Tacoma. In 2006, there were 10 sales in the same period.

2007 averages are as follows:

Average Sales Price- $554,000

Average Days on Market (DOM)- 49 days

Average $ per Sq Ft- $178.34

Average Sq Ft- 3001

Low Sales Price- $285,000

High Sales Price- $810,000

Homes sold for 97.99% of their asking price.

Average sales price to assessed value ratio- 1.4754

The DOM is a pleasant , positive change! Obviously homes were priced right! In today's buyer's market, pricing is more important than ever. The longest DOM was 87 days. That home was the most expensive sale in the month at $810,000. Demand for homes has been on average only 4% of the homes currently listed for sale.   (Under 45% indicates a buyer's market.) 

June 2007 Real Estate Sales Stats

June 2007 Real Estate Sales Stats for North Tacoma

From June 1st to June 30th, 2007, 23 homes sold in the North Tacoma from Proctor to Commencement Bay and Sixth Avenue north to Commencement Bay.  In 2006, there were 32 sales in the same period and same geographic boundaries. 

2007 averages are as follows:

Average Sales Price- $385,000

Average Days on Market (DOM)- 72 days

Average $ per Sq Ft- $188.61

Average Sq Ft- 2400

Low Sales Price- $226,000

High Sales Price- $982,000

Homes sold for 99.10% of their asking price.

Old Town Blues Festival Today

Come join us!

Tacoma's Old Town Business District is hosting a Blues Festival today from 9am to 6pm. You can find the festival in Old Town Park located on South 30th between Steele and McCarver streets.

The event will be kicked off this morning at 9am with a Blueberry Pancake breakfast. The breakfast will run until noon at the Slovenian Hall. Donations are encouraged please.

Then from noon to 6pm you can listen to great music in the park for FREE!

Then after 6pm you can continue the fun continues at paid venues at various local businesses.