I’d like to begin this post with a disclaimer. The information I’m sharing here is anecdotal in nature, and my opinions are based largely on my own personal experience as a realtor and real estate investor. I know that quite a few Realtors may disagree with me, but I’m having a distinct feeling of “déjà vu” with respect to the local housing market, a feeling that reminds me of the months just before the market peaked in August of 2007. Median home prices in Pierce County are currently well above that 2007 peak (see the chart below) and well above the levels we would expect to see with normal appreciation (the red line). While the numbers differ by county in the Western Washington area, the overall trends remain the same.
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Jeff Williams is a top-producing Realtor with Windermere in Tacoma specializing in the purchase and sale of Equestrian Properties in Western Washington. Click here to email Jeff or give him a call at 253-303-1135.
Posted on July 3, 2018 at 10:49 am
South Sound Property Group
| Category: Uncategorized
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