During the month of January there were 12 homes that sold in University Place. These University Place homes actually had a transfer of home ownership. Contracts complete and Lender funds available. The home buyer and seller signed all of their documents and escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Pierce County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for University Place Washington.
Let’s look at those 12 University Place homes -
Original median for sale price was $312,000 and the original for sale price after price reductions was $262,000. The 12 homes median SOLD price was $262,750. These homes all sold on average in 87 days.
University Place January Homes Sold 2012
Not a bad time to purchase a home in University Place, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the Pierce County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”
Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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Washington State Required Disclosures
"Equal Housing Opportunity"
I take it tthis a is a decent number?
Love and light,
Laura
No I wouldn't say decent. Its 25% down from a year ago and with the active listings being in the 170's its about 14 months of inventory at this time. Hopefully sales will pick up in the spring market like last year.
Hi Jo,
I am flattered!
Good looking post.
Congrats on breaking through to 400,000.
That is quite an achievement.
Phil
Phil, Thank you. You must have missed my comment to you when you started using the Clarus Market Metrics product. For $10 per month it sure does make charts a lot quicker than using excel. Just don't use them at the community level - not very accurate. So I have substituted their charts for the ones I usually make. Took me longer than most to get to 400,000.