Stephanie Patrick - In Town Gig Harbor - January 2022

EXCLUSIVE

2022

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

Each office is independently owned and operated.

LET THE DREAM COME TRUE! STEPHANIE PATRICK Though it has been nearly two years since this pandemic, a New Year is on the way with great enthusiasm! Remember, the grass is always greener where you water and nourish it! Let the New Year bring hope, prosperity, and love!

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

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

253.297.0022

Presented by Stephanie Patrick

spatrick@remax.net www.InTownGigHarborLiving.com

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

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

EXCLUSIVE

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

Looking Ahead:

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

Beds

Baths

Estimated Square Feet*

List Price**

Condominium

N/A

2

1.75

1,200

$550,000

Condominium

Partial, Sound

2

1.75

1,200

$625,000

Property Type

Is a Normal Real Estate Market on the Horizon?

There are Currently 4 Homes Pending in In Town Gig Harbor For more information on any In Town Gig Harbor homes, contact me at 253.297.0022.

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

253.297.0022 spatrick@remax.net www.InTownGigHarborLiving.com

In Town Gig Harbor Homes Sold in the Past 60 Days Address

Property Type

View

7221 Soundview Drive #301

Beds Baths

Estimated Square Feet*

List Price**

Sold Price**

Sold Date

Condominium

Mountain, Sound, Territorial

2

2.00

1,900

$950,000

$989,000

10/28/21

3421 Lewis Street

Residential

Bay, Sound

3

2.00

1,800

$850,000

$850,000

11/30/21

9017 N Harborview Drive

Residential

Bay, Sound

4

7.50

4,000

$2,900,000

$3,000,000

11/15/21

6750 Weather Glass Lane

Residential

N/A

2

2.00

1,700

$705,000

$675,000

11/05/21

6817 Soundview Drive

Residential

Bay, Mountain, Sound

4

1.50

2,900

$890,000

$850,000

11/05/21

9418 (Lot 10) Ancich Court

Residential

N/A

3

3.00

2,500

$919,000

$895,000

11/05/21

9118 Peacock Hill Avenue

Residential

Bay, Sound

4

3.75

2,900

$1,179,000

$1,180,000

10/29/21

3312 Shyleen Street

Residential

Bay, Mountain, Sound

3

2.00

2,100

$970,000

$970,000

10/25/21

3008 Islandview Court

Residential

Sound

3

2.50

2,100

$679,000

$679,000

10/22/21

9417 Peacock Hill Avenue

Residential

N/A

2

1.00

900

$425,000

$425,000

10/21/21

6722 Cascade Avenue

Residential

Mountain, Sound

4

2.50

4,100

$1,595,000

$1,515,000

10/15/21

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 from October 7th, 2021 to December 6th, 2021. 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.

2022 REAL ESTATE PREDICTIONS: •

Sale prices will continue to increase, but at a slower rate than 2020 and 2021.

Experts predict a 12.0% increase in year-over-year sale prices by July 2022, while last year experienced an 18.6% increase.

•

Inventory is expected to rise, allowing the market to cool off and buyers more time and options while searching for their home.

•

Interest rates will remain favorable to buyers and keep home sales going steady.

Freddie Mac forecasts 4.0% interest rates by the end of 2022, and experts predict rates to be around 3.6%.

https://homesca.net/real-estate-blog/2022-housing-market-forecast-boom-or-bust/

Johnathan and Angela-Marie, As we enter 2022, we can be sure of one thing – the real estate market will continue to evolve. Now more than ever, you need an experienced In Town Gig Harbor Realtor in your corner. Call me today at 253.297.0022 to get the latest updates on home values in your area and marketing and negotiation skills that can help you achieve the highest sale price!