Since the start of the pandemic, vacation home sales have skyrocketed in comparison to previous years. According to the World Property Journal, vacation and second home sales were up 118% in 2020 and 84% in 2021. As companies allow workers to continue to work remotely, there has been no slow down in the second-home real estate market.
Convenient one-level living with open space inside and out. Space and tranquility are abundant here at this Fruitful Yakima Home! Oversized, fully-fenced backyard with fruit bearing apple and pear trees.
The May 2021 Market Update is here! We saw increasing home prices and low inventory across the Greater Tacoma region. In North Tacoma homes were only on the market for less than a week (six days to be exact) before going under contract.
This unique estate and quality home will bring comfort and delight for years to come. Every element scrutinized to match the style, quality and lifestyle of the home and property. The end result: a captivating lifestyle home. Welcome Home to Berry Street.
Mortgage rates are closely tied to the health of the U.S. economy. The county as a whole is on an upswing, which leads experts to believe we’ll see higher interest rates in June and throughout the summer months. However, overall recovery has been uneven. Inflation is ascending rapidly, while the unemployment rate is moving much slower.
The Home In Tacoma project, which is part of the Affordable Housing Action Strategy, has differing opinions amongst Tacomans. Some people think city council should approach the plan neighborhood by neighborhood, instead of a blanket approach. It appears that a hybrid model is the direction the city’s Planning Commission is leaning toward. This hybrid model will aim to balance the residents’ apprehension with the city’s need for more affordable housing options.
Spacious Summerwood Park home just listed by Realtor Jenny Wetzel. Stylish, open and like-new, the conveniences of this home and community are vast. The fully fenced, spacious backyard hugs the perimeter of a greenbelt and is just 1-block away from the community park, equipped with a playground, covered patio, and basketball court.
All in all, we saw increasing home prices and more available homes to wrap up the April 2021 Market Update. If you are a Buyer, the uptick in inventory is great for you! You faced slightly less competition among other buyers and there were more homes for you to choose from. If you are a Seller, or considering selling your home, this is still an incredible time to put your home on the market.
In late 2020, the PNW had steadily increased the number of recovered jobs that were lost due to COVID-19. However, since the beginning of this year, the rate of employment has leveled off. By the end of February, the Western Washington region had 165,000 jobs that were lost due to the pandemic.
Here is the March 2021 real estate market update for Pierce, King, Kitsap & Thurston counties. Another month of low inventory and increasing home prices. The Tacoma real estate market continues to be one of the hottest in the country.
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