Pierce County Market Update – October 2019. Follow our market as a whole or (more specifically), your neighborhood or area of interest. Median Price, Days on Market and Chance of Selling (# of Active Homes/# of Sold Homes) are three metrics that we track and expand upon to gauge Market Activity.
For more info. TEXT/CALL/EMAIL Realtor Jenny Wetzel
(253) 381-9788. Jenny@jennywetzelhomes.com
For those who have been tracking the Real Estate Market for years, you will not be surprised to see that during the Month of October, Days on market has increased and Median Price has decreased. We’ve seen this consistently for the last 3 years! Less buyers AND sellers in the market, hence why we see no change in chance of selling. Consult with a Professional to see if listing your home during the winter months would be advised.
Hot Areas like North Tacoma have seen an increase in Median Price. Days on Market is influenced by homes that are overpriced (outliers). Don’t be fooled by this. Homes are still selling in 3 – 5 days and with multiple offers.
PRO TIP FOR BUYERS: As we enter into the Holiday season, don’t give up! Continue to House Hunt, you maybe able to get your next home by scooting in while others are taking a break.
I don’t expect that we’ll see this Median Price for long. South and East Tacoma are the two most affordable communities within Tacoma. Proximity to freeways, Inventory of charming older homes and the bandwidth to support small and large business. Mark my words, we will see a median price of over 300K in 2020.
Given the higher price point of homes in Gig Harbor, it’s a relief to sellers to see Median Days on market at only 21 days this time of year. I expect this number to increase over the next 2 months, chances of selling to decline, but see Median price stay stagnant or increase. Gig Harbor is home to the most expensive housing inventory as a whole. Homes priced at 2Million or above may keep the Median days at or above the current Median Price.
The Spanaway Community has been the hottest House Marketing in Pierce County through 2019. Despite the slower season, chances of selling are over 100%.
Puyallup. For Seattle commuters this is a community that is highly considered as transportation and drive times are less compared to Tacoma. Newer homes, most of which are located within communities governed by Home Owner Associations (HOA). Or homes with more than 1/2 an acre of land and privacy. If you are hoping to invest in a home that has half an acre of land or more, expect to pay over 500K,
Fircrest is a Small Community with few homes for sale at any given time. (Currently there are less than 15!) We see dramatic fluctuation month to month because of this. If you are looking to invest in a home in Fircrest, expect to pay above $400K for a home that is not a fixer upper.
SELLING or BUYING in Pierce County?
CALL/TEXT/EMAIL Realtor Jenny Wetzel (253) 381-9788, Jenny @jennywetzelhomes.com
5 Energy Saving Tips for Your Home
By Jenny Wetzel | Nov 4, 2019 | Tacoma, WA
For homeowners and renters alike, keeping your energy bills down during the Fall and Winter months can be a focus. Thankfully, making small adjustments to your home and daily routines can result in huge savings that, (in the long run) have a large impact on your bank account. Here I will share with you simple tips to save money on your heating bill.
Lower your Thermostat
We all know of the old tale of not touching your thermostat, but as we move into the new decade, equipped with more information than ever, we have to change this narrative. Instead of never touching your thermostat, you should actually be lowering the temperature when we aren’t at home. Before leaving for work, lower 3-5 degrees below what you normally keep it. (Hopefully no more than 70 and between 66 and 68 degrees for efficiency). If your home is well insulated, it won’t take long to warm up again. If however you have an older home with no insulation, consider insulating your home before doing anything else. A larger investment that can pay for itself in just a few seasons. And you will literally feel a difference.
To help you stay on top of monitoring your household temperature consider investing into a smart device that tracks the temperature and gives you easy access to adjust, even when you aren’t at home. Smart systems allow you to adjust the heat remotely, meaning you can turn the temperature up, as you start your commute home! So it’s nice and cozy when walk in the door.
No Space Heater
Turning off your thermostat completely and setting a space heater to 90 degrees in the rooms you use most often (living room, bedroom, or office) seems ideal and more efficient but that is another tall-tale. In fact, putting a space heater into individual rooms actually uses more energy, rather than letting your home’s heating (or cooling) system work evenly. If there are rooms you desire to be a different temperature, open/close vents in those specific rooms, investing in a heating-cooling system that allows you to set rooms at varying temperatures and use humidifiers or dehumidifiers. Smart home systems, are the most efficient way to adjust temperature in your home room by room.
Change out Light Bulbs
This is a big one. If the lights in your home aren’t Light Emitting Diode (LED) , make it so. Have you noticed outlets that frequently trip? Changing your light bulbs to LED maybe the solution. Utility companies often offer rebates this time of year for upgrading to more efficient lights. And here is a no brainer, (but one so many of us are guilty of!) replace burnt-out light bulbs. In summary; using efficient light bulbs could potentially save you hundreds of dollars a year on your power bill and last a lifetime. Well worth the investment.
Unplug Chargers When Not in Use
Make a routine of unplugging your chargers before you leave for the day. Leaving your chargers plugged into the wall socket, whether it be a phone, laptop, or tablet charger, is not good energy efficiency practice. Simply removing your chargers from the sockets saves energy. Consider this: store all of your chargers in a basket. Use outlets that are close to the basket exclusively as the Charging Station. Intentionally placing these in a location that is visible before you leave for work in the morning. You will be reminded to unplug them before you leave.
Insulate your Attic and Basement
Insulating your basement and crawlspace. Most all homes already have this. However if you don’t, put it at the top of the list to get done! Your crawl space/basement and attic are the first to get done. Next would be the exterior walls. If you are buying a newer home, you absolutely have these items as they are requirements for new homes.
Before insulating your home (or adding insulation!), check with your city to see if there are rebates available. A localt insulation professional will know this information as well. Best to hire a professional who is local and knowledgeable of current rebates your city is offering. If you are in the process of buying a home, you will discover during the inspection if your home is insulated. This (like anything else) can be negotiated and complete before the home is officially yours.
CALL/TEXT Realtor Jenny Wetzel for more information (253) 381-9788. or EMAIL Jenny@jennywetzelhomes.com
8 things to do at Home every Fall
It’s football season, which means that summer is well behind us and blankets, apple cider and boots are in! But before you go and hibernate for the winter, there are a few things to do around your home and yard. If you complete these items, they will, without question, prevent larger issues down the road and also beautify your home and property!
1. Clean Your Gutters
If your home has a tree (over several) that hang over your home, it’s time for a clean! Why now? The leaves have fallen and the rain is coming. It’s extremely important that you have gutters that are working properly and directing water away from your home. The last thing you want is to have a larger project replacing siding that is rotten from downspout/gutter issues OR (even better) start getting water in your crawl space or basement. It is not fun, I promise.
2. Fill Concrete & Asphalt cracks
Fill these before it rains, freezes and creates more cracks in your concrete/asphalt. Hairline cracks naturally occur overtime from settling. By fillings these smaller cracks in the fall before the ground freezes again, you’ll prevent them from getting larger.
3. Winterize Exterior Faucets
You have GOT to do this. Winterizing your exterior faucets and hoses simply means drain the lines of water and put an insulated cap over the head of the faucet. That’s it. If you don’t you could have burst water lines that cost you thousands of dollars in repairs.
4. Service your Furnace + Fireplace
If you haven’t had your furnace serviced and cleaned, pay the $120 that is costs to get a professional HVAC technician to your house and do it! If you have already done that this year, simply replace the filter. Do you have a heat pump or Air Conditioning unit? If so, it’s best to get these serviced at the tail end of summer or during the warmer months. An AC unit cannot be used or tested when the temperature is lower than 55 degrees (this variest based on unit and manufacturer).
5. Clean your outdoor furniture & bring it in!
Outdoor furniture isn’t cheap people. Give it a good scrub or pressure wash and bring it into the garage or basement. Ideally anywhere that maintains relatively low humidity to slow the wear and tear of your outdoor pieces. You’ll probably need to wash it again after it accumulates spiders, cobwebs and dust. But don’t let this be a reason to not clean before taking it inside! You will appreciate not having to scrub so intensely in the spring. 😊
Our rainy weather requires us homeowners to do a little more when it comes to exterior maintenance and we HAVE to do it! Or it will create substantially more work and headache in our future. Look around the trim of your windows to see if you need a new bead of caulk, if you do, just peel off the existing line and lay down a fresh one. Less is more when it comes to caulking. For me personally I leave this up to my general contractor. It IS noticeable when you do a bad job! This activity can single handedly lower your heating bills and make your home more airtight.
7. Reverse the Ceiling Fan
Your fan traditionally runs Counter Clockwise, which is what we want in the summer to create a breeze. In the winter however if you flip the switch and run your fan clockwise, warm air will be pushed from the ceiling and circulate the warm air!
8. Prune Your Fruit Trees
The trees are now going dormant. The are sucking in nutrients into their roots to prepare to produce fruit or for next season. If you haven’t pruned a tree before, consult with a professional arborist. If you feel confident in doing it yourself, or would like to learn more on how to do it properly, refer to Master Gardeners of WSU! They offer training, guidance and also help answer any plant questions you may have.
Full disclosure! I do very few of these things myself. It’s worth it to me to high a general contractor and local handy person to lay a fresh bead of caulk around my windows because I know if I do it, it will look like my 4 year old nephew did it!
If you do these things every Fall you’ll save yourself time, energy, money and frustration in the long run. Happy Fall My Friends.
Call/Text Realtor Jenny Wetzel (253) 381-9788 or Email – Jenny@jennywetzelhomes.com
I’ll start by admitting that I have purchased every one of the homes I have owned in the Fall or Winter. This headline isn’t for click bait advertising. I really mean it. If you are able to purchase your next home between the months of October and February, you should.
BEST time to have your home inspected
Typically it rains A LOT in the fall and winter months, which is great as a home buyer because you want to see and inspect your next home when in the worst weather condition. For example, maybe you are curious if your basement get’s water during the rainy season (if you aren’t curious, you should be!) Having the opportunity to view the home during the toughest weather conditions vs when it’s 80 and sunny will leave you feeling extra confident moving forward with you home purchase. Likely having to spend less money on surprise fixes, because you already knew about then.
There are fewer home buyers shopping. That’s a fact. Statistically the Average Days on market climbs drastically during the Fall and Winter months. After the 4th of July Inventory levels begin to rise and they historically peak at the end of December. With more homes on the market, you as the buyer have more negotiating power and a little more time to decide.
Lower Interest Rates
Interest rates traditionally do not climb in the Fall/Winter months. They are more likely to decrease, to motivate more buyers to enter the market.
We would like to think that all sellers are motivated but the reality is that those who have listed their home during the winter months, may have some extra motivation to sell before the new year. Taxes? Move up Home Investment (contingent)? Moving out of state? Or perhaps they don’t want to pay the bills during the winter months, especially when they are not living there!
In summary, start shopping in the winter months and you will be able to see and inspect your home in the most harsh weather conditions; making it more likely to expose deficiencies and needed repairs that otherwise may have gone unnoticed, had you purchased in the sunny spring and summer months. Negotiate repairs with the seller, saves you money, time and future headache! Interest rates stabilize and although there are fewer homes for sale, there are significantly less buyers shopping. Allowing you a slight leg up with negotiating and not having to compete against other offers.
CALL/TEXT Realtor Jenny Wetzel (253) 381 – 9788 or email Jenny@jennywetzelhomes.com