2020 IN TOWN GIG HARBOR YEAR-IN-REVIEW Average Sold Price
Average Price Per Sq. Ft.
CONDO
CONDO
$590,056
$324
RESIDENTIAL
RESIDENTIAL
$781,728
$355
Average DOM
RE/MAX Exclusive 7201 Pioneer Way Suite A101 Gig Harbor, WA 98335
EXCLUSIVE Each office is independently owned and operated.
Average Sold Price vs. List Price Ratio
CONDO
CONDO
25
100.1%
RESIDENTIAL
RESIDENTIAL
70
100.0%
Johnathan and Angela-Marie, Your In Town Gig Harbor community had a fantastic year, with increases in several key market indicators. The demand for your community remains high with current inventory pointing to a seller’s market. Now is a great time to consider listing your home and taking advantage of the upward trends. If you are thinking about selling, contact me today at 253.297.0022.
STEPHANIE PATRICK REALTOR®, SRES
IN TOW N GI G HA R BO R Real Estate Market Report
253.297.0022 spatrick@remax.net www.InTownGigHarborLiving.com
Presented by Stephanie Patrick
Your In Town Gig Harbor Real Estate Specialist
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021 Data based on listings from NWMLS from January 1st to December 31st, 2019 and 2020. Information deemed accurate but not guaranteed.
NOW PENDING! - 7221 Soundview Drive #201 CALL FOR MORE DETAILS!
EXCLUSIVE
PREPARED ESPECIALLY FOR
Johnathan and Angela-Marie Williams
2021 Housing Forecast
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*
List Price**
Condominium
Bay, Mountain, Sound
3
2.0
2,100
$1,050,000
Residential
Bay, Mountain
4
1.5
2,200
$725,000
Residential
Bay, City, Sound
2
1.0
700
$800,000
Residential
Bay, City, Mountain, Sound
3
2.0
1,800
$945,000
Residential
Mountain, Partial
3
2.5
3,100
$990,000
Residential
Bay, City, Sound
4
2.8
3,200
$1,520,000
REALTOR®, SRES
There is Currently 1 Home Pending in In Town Gig Harbor
253.297.0022
In Town Gig Harbor Homes Sold in the Past 30 Days Estimated Square Feet*
List Price**
Sold Price**
Sold Date
1.8
1,300
$350,000
$366,000
12/14/20
N/A
2,500
$649,000
$649,000
12/28/20
3
1.8
2,800
$850,000
$850,000
12/15/20
3
4.3
2,800
$875,000
$875,000
12/14/20
Address
Property Type
View
Beds Baths
7400 Stinson Avenue
Condominium
City, Sound, Territorial
2
4223 Rosedale Street NW
Residential
Territorial
N/A
6907 Rainier Avenue
Residential
Bay, City, Mountain, Sound
3211 Emerald Lane
Residential
Bay, Mountain, Partial, Sound
Home sales are going up Strong demand and more homes hitting the market equal a healthy rate of growth.
+5.7%
For more information on any In Town Gig Harbor homes, contact me at 253.297.0022.
spatrick@remax.net www.InTownGigHarborLiving.com
+7.0%
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. ©2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NWMLS from December 8th, 2020 to January 8th, 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.
MORTGAGE RATES ON THE MOVE
THE RISE OF THE MILLENNIALS
by end of 2021
No longer just dominating the entrylevel market, millennials are now taking over as “move up” buyers as they have children and need more space.
3.4%
KEY HOUSING TRENDS IN 2021 MILLENIALS AND GEN-Z A recent survey said that lower mortgage rates enabled these buyers to change their home search toward a larger home.
Home prices will hit new heights
REMOTE WORK
65.9%
SUBURBAN MIGRATION
Homeownership Rate
Johnathan and Angela-Marie, Homes in In Town Gig Harbor are in high demand! If you are considering a move, call me today at 253.297.0022 to take advantage of these new trends.
Despite high expectations of returning to the office, remote workers are choosing properties with dedicated office space. Home shoppers are looking for an affordable space to shelter, work, learn, and live and are reporting increases in willingness to have a commute to work. Published by Danielle Hale, Realtor.com on December 2nd, 2020