Stephanie Patrick - In Town Gig Harbor - March 2021

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

EXCLUSIVE Each office is independently owned and operated.

ACTIVE - 7305 SOUNDVIEW DRIVE #102 SEE INSIDE FOR MORE DETAILS!

SOLD REPRESENTED BUYER AND SELLER! 3405 Grandview Street KIND WORDS FROM A PAST CLIENT “I have used Stephanie Patrick on numerous real estate transactions and have found her to be very knowledgeable on the entire process from start to finish, whether it’s finding a property to getting financing and all that tends to come up in between. Stephanie really knows the western Washington market. I will definitely use her in the future.”

- Five-Star Reviewer

STEPHANIE PATRICK REALTOR®, SRES

IN TOW N GI G HA R BO R March 2021 | 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

Johnathan and Angela-Marie, THE MARKET IS HOT! Properties are selling in record timing with multiple offers! If you are thinking of selling, let me help you achieve exceptional results. Call me today at 253.297.0022.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021

EXCLUSIVE

PREPARED ESPECIALLY FOR

Johnathan and Angela-Marie Williams

IN TOWN GIG HARBOR

ACTIVE

Real Estate Market Report

2021 REAL ESTATE PREDICTIONS

In Town Gig Harbor Homes Currently Listed Property Type

View

Beds

Baths

Estimated Square Feet*

List Price**

Residential

Mountain, Partial

3

2.5

3,100

$975,000

There are Currently 8 Homes Pending in In Town Gig Harbor

STEPHANIE PATRICK

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

REALTOR®, SRES

7305 Soundview Drive #102 | Offered at $1,350,000

253.297.0022 spatrick@remax.net www.InTownGigHarborLiving.com

How Vaccines, Current Administration, and More Could Shape Housing Trends

In Town Gig Harbor Homes Sold in the Past 30 Days View

Beds Baths

2 Beds | 4.0 Baths | 3,905 Est. Sq. Ft.

Estimated Square Feet*

List Price**

Sold Price**

Address

Property Type

Sold Date

7400 Stinson Avenue

Condominium

City, Sound, Territorial

2

1.8

1,300

$350,000

$366,000

12/14/20

7143 Grandview Place

Condominium

Bay, Mountain, Sound, Territorial

2

2.0

1,300

$535,000

$615,000

12/08/20

3889 Harboview Drive

Condominium

N/A

N/A

N/A

1,100

$589,000

$589,000

11/30/20

3405 Grandview Street

Residential

Bay, Partial, Sound, Territorial

3

1.8

1,200

$598,000

$598,000

01/29/21

4223 Rosedale Street NW

Residential

Territorial

N/A

N/A

2,500

$649,000

$649,000

12/28/20

6907 Rainier Avenue

Residential

Bay, City, Mountain, Sound

3

1.8

2,800

$850,000

$850,000

12/15/20

3211 Emerald Lane

Residential

Bay, Mountain, Partial, Sound

3

4.3

2,800

$875,000

$875,000

12/14/20

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 10th, 2020 to February 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 Will Stay Low...ish

Home Prices Will Keep Rising

Most experts expect mortgage rates to stay low for quite a while – through 2021 and beyond.

The start of the year should see some steep increases, and growth will slow once vaccines reach the general public.

Competition Will Calm Unless a Housing Tax Credit is Passed

The Suburbs Will Continue Their Hot Streak

The number of for-sale listings should increase through most of 2021. If the Tax Credit passes, it could ramp up competition.

The flexibility people now enjoy through working remotely is contributing to migration patterns, as well as the desire for more space.

Homes Will Get Bigger With More Health-Related Amenities

Foreclosures Will Jump, but Not as Much as You Might Expect

People want more space.

Consumers want larger and more efficient housing. Interest around saving money will grow.

Historically low rates, strong demand, and surge in urban and suburban migration ensure homeowners can more easily sell.

Johnathan and Angela-Marie, 2021 is on track to be another record-setting year. With still historically low interest rates, an increase in demand, and low inventory, now is the time to sell!

Call me today at 253.297.0022 for a free consultation.

Published by Aly J. Yale on December 28th, 2020 on money.com