Market Stats Made for Dinner Conversations
Ever wanted to check your neighbor's unsolicited, unverified stats against reality?
I've added a few FAQs here to help give you talking points that matter.
(Hover your mouse or finger over the graphs for further details.)
Q: How has the Gig Harbor area compared to other local areas?
A: Gig Harbor's Median Home Prices are becoming closer to King County averages than to Pierce County averages. Covid and loosening WFH policies have made it easier for people to live in Gig Harbor and work remotely.
Q: If the housing market "crashes," how cushioned will Gig Harbor be?
A: Check out what happened between 2008 and 2014. Gig Harbor's housing market did not dip as much as we saw in other neighboring areas. Now look at the last 6 months. Gig Harbor's Median Price hasn't dipped down as much as neighboring areas.
Q: I see a lot of For Sale signs around town. Are there are more homes on the market than any other time?
A: Nope! While we are seeing more inventory on the market in GH than we did at this time last year, inventory still remains lower than any other time between 2006 and 2020.
Q: What should we expect going into the next season?
A: If I had a Crystal Ball, well... I'd still invest in Real Estate.
No Matter what the market does, Real Estate is one of the most solid investments one can make.
Over the last 30 years, home value appreciation averages +5.1% annually.
Q: How much are people paying over/under list price these days?
A: Remember, a list price is not the same as the home's value. Below is a graph showing the average Selling Price compared to the Original Price. Incredibly valuable to follow if you're buying or selling. And to squash some myths out there.
Q: How much could we negotiate down from list price without losing out?
A: Let's talk. These aren't the only graphs I look at.
If you ever want to nerd-out on data with me, reach out.
With so many perspectives on the market, let's see what truly matters.
Get started with me today.
Connect with me to get answers to
all your questions.
Brad Bennett
bradbennett@windermere.com
Mobile: (206) 930-1597
Office: (253) 851-7374
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