RealEstats provided the following statistics for the Month of May 2008 for Pierce County. These numbers are for existing home sale transactions (not including land, new construction and condominiums).
Transactions were up 1% in May from April 2008
The average price is off 4% from last year to $301,317
$166.09 was the average square foot for homes sold
The best price range of homes sold was $225,001 - $250,000
In simple terms, if a home Sellers’ financial obligations on the property (the loan, closing costs, etc. ) exceed the properties value, or what the homeowner is able to sell the home for, the sale is short.
In a Short Sale, the seller will need to get the Creditors consent in order for the sale to close. This is because the creditor(s) may have to agree to accept less than the outstanding amount of Seller’s debt that is owed.
A short sale can be different than a home that is facing foreclosure because the Seller may be current in their mortgage payments and has not defaulted on the their loan.
Generally, the Seller will have little control over whether its creditor(s) will consent to the sale. Buyers should understand that Short Sales can be time consuming and complicated. And typically there may not be much room for negotiations.
According the the latest report from the Multiple Listing Service,
“Pending sales during April reached their highest level in eight months” read more…
Sitting at the end of a private road, this mini farm offers a quiet country setting with over 1-¼ acres of level, cleared and dry land. It provides a beautiful fully hot-wired fenced pasture area nicely set up for your horses. A 2-stall barn is fully equipped with water and power with additional storage areas (hay room) attached. There is also a separate fully fenced large back yard area and open side yard with ample parking spaces and complete RV hook-up.
The home has approximately 1769 square feet of living space and offers a great layout with the master bedroom located on one end of the home and 3 bedrooms on the other end. The owners have recently updated the home with newer double-pane vinyl windows, Pergo flooring, new doors and fresh paint throughout. It has a large open living area, separate great room and dining area with French doors that lead to covered deck off back.
This home should be available the week of May 19th… For more information feel free to contact me.
Matt Dill; Flagstar Lending
To the best of my knowledge VA (Veteran’s Administration) loans are the last of the 100% purchase loans. The VA loan program gives veterans and active duty the ability to purchase a home with awesome loan terms. VA offers fixed-rate mortgages that don’t require a down payment for a purchase.
In my opinion… VA loans are the best loans out there, so if you have the eligibility (see link below) be happy and play your card.
http://www.homeloans.va.gov/elig2.htm
Find out if you qualify for a VA loan…contact me….
Matt Dill
Flagstar Bank
(253) 272-5414
Here is a picture of the Model Home taken from the Grand Opening of the 27th Street Station Condominiums I attended last Saturday. At the price, they are truly a great buy. Starting at around $120,000 for a one bedroom! The interiors have been completely re-done from the studs out. Some features included stainless steel appliances, granite counter tops and tile flooring in bathrooms. They are located on 27th Street off Martin Luther King in Tacoma. These properties could even qualify for Tacoma’s Downpayment Assistant Program so if your a new home buyer this could be a terrific opportunity.
More pictures Click Here
One of Tacoma’s newest condominium projects is having their Grand Opening tomorrow April 27th 2008 from 12-6 pm. The 27th Street Station Community is a mix of studio, 1 bedroom and 2 bedroom condo’s in a gated community in the Hilltop area. The condo’s are starting around $120,000! Making them very affordable.
I personally know the developers, The Gintz Group, and they bring a sense of quality to all of their work. Here is a recent article from the Tacoma News Tribune about the project.
The open house on Saturday will feature a BBQ and tours of the units. I will be swinging in to check things out so if your in the area stop by and say Hi. And of course if your interested in taking a look or want more information, you can always contact me. Always here to help!
Last Saturday we celebrated my brother-in-laws 30th Birthday at a new restaurant/bar in Tacoma called The Hub. Pat Nagle (the owner) was kind enough to allow a group of about 30 of us take over an area of the bar. And I just wanted to give a shout out to our server Miranda who did a fantastic job taking care of our large group. She not only provided great service, she managed to keep a smile on her face throughout the whole evening.
The Hub is located 203 Tacoma Ave S. in the Stadium District. They are the newest addition to the Harmon Brewery (located on Pacific in downtown Tacoma). The atmosphere is warm and welcoming and everyone was very friendly. They serve fire-roasted pizza, specialty pastas and sandwiches and have a wide selection of micro beers on tap. Stop in and check them out and make sure to request Miranda as your server!
According to Real Estats , real estate sales are up 24% (all sales) from February 2008. Some other stats for existing residential properties include:
