Stephanie Patrick - In Town Gig Harbor - August 2022

PUT STEPHANIE’S IN TOWN GIG HARBOR EXPERIENCE TO WORK FOR YOU!

Each office is independently owned and operated.

RE/MAX Exclusive 7201 Pioneer Way Suite A101 Gig Harbor, WA 98335

6363 Harbor Sunset Place #7 | Sold for $412,500 2 Beds | 2.0 Baths | 1,196 Est. Sq. Ft.

341 Fox Island Boulevard | Offered at $1,650,000 3 Beds | 1.5 Baths | 1,960 Est. Sq. Ft.

UNDER CONTRACT IN LESS THAN A WEEK!

STEPHANIE PATRICK REALTOR®, Senior Real Estate Specialist, Certified Luxury Home Marketing Specialist, Institute of Luxury Marketing Member

IN TOW N GI G HA R BO R August 2022 | Real Estate Market Report

253.297.0022

Presented by Stephanie Patrick

spatrick@remax.net www.InTownGigHarborLiving.com

Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022

Your In Town Gig Harbor Real Estate Specialist and Proud Neighbor Since 2006

EXCLUSIVE

PREPARED ESPECIALLY FOR

Leonardo and Angelica Washington

What a

IN TOWN GIG HARBOR Real Estate Market Report In Town Gig Harbor Homes Currently Listed

STEPHANIE PATRICK

Property Type

View

Beds

Baths

Estimated Square Feet*

Condominium

Territorial

2

1.75

1,200

$399,000

Condominium

Territorial

2

1.75

1,300

$486,000

Residential

N/A

3

2.50

1,600

$475,000

Residential

Mountain, Partial, Sound

2

2.50

2,200

$795,000

Residential

City, Territorial

3

2.00

1,400

$798,000

Residential

Partial

3

1.75

2,000

$915,000

Residential

Bay, City, Mountain, Ocean, Sound

3

2.50

2,600

$1,399,000

REALTOR®, Senior Real Estate Specialist, Certified Luxury Home Marketing Specialist, Institute of Luxury Marketing Member

There Are Currently 3 In Town Gig Harbor Homes Pending

253.297.0022

For more information on any In Town Gig Harbor homes, contact me at 253.297.0022.

spatrick@remax.net www.InTownGigHarborLiving.com

In Town Gig Harbor Homes Sold Recently

List Price**

Estimated Square Feet*

List Price**

Sold Price**

Sold Date

2.00

1,400

$540,000

$540,000

08/04/22

N/A

N/A

500

$115,000

$115,000

07/29/22

Partial

4

3.50

3,800

$1,495,000

$1,550,000

07/29/22

Mountain, Sound, Territorial

4

2.50

1,900

$1,185,000

$1,100,000

07/27/22

Address

Property Type

View

Beds Baths

6592 Hunt Highlands Loop

Condominium

N/A

2

3901 Harborview Drive #C-31

Condominium

Bay, Sound, Territorial

7501 Stinson Avenue

Residential

6909 Soundview Drive

Residential

Stephanie Patrick and RE/MAX Exclusive are not in any way affiliated with In Town Gig Harbor Owners Association, nor is this in any way an official advertisement or publication of In Town Gig Harbor. ©2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NWMLS as of August 11th, 2022. Listings and sales may not be those of RE/MAX Exclusive.

The NWMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

READJUSTING MARKET

Means for You

Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.

HOME SHOWINGS

EXISTING HOME SALES

THE EXPERTS SAY IT BEST

THE MARKET ISN’T CRASHING

2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.

Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.

“Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.”

—First American

It’s a turning point that’s moving back toward more pre-pandemic levels.

This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term.

Leonardo and Angelica, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 253.297.0022. Let’s discuss your options!