Tacoma Real Estate

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The Tacoma real estate market has been the subject of some special efforts to boost its profitability and turnaround. One example of these marketing efforts is found in an April 8, 2010 article in the News Tribune, “Prospective homebuyers will have the chance to tour more than 300 homes for sale in Pierce County this weekend as part of an ‘open house’ celebration happening across the state and country. ‘We just want to stimulate the activity and let the public know that there are lots of homes available in all kinds of price range,” said Joyce Hill, a local real estate agent who has helped organize the open house event.” The article, written by Kelly Kearsley, continued to state that “Now in its second year in Washington, the event is growing and catching on around the country.”
These and other efforts seem to have a positive impact on Tacoma home sales, according to an April 6, 2010 article in the News-Tribune. The piece found that “Western Washington home sales swept upward last month with pending deals rising nearly 51 percent in Western and Central Washington and nearly 36 percent in Pierce County. New figures from the Northwest Multiple Listing Service show pending sales in King and Snohomish counties surged even more than those in Pierce with increases of 69.05 percent in King and 77.11 percent in Snohomish.” The article, composed by John Gillie, continued to note that “Home deals in Thurston and Kitsap counties jumped too, though not as much as those in Pierce, King or Snohomis counties. Kitsap showed a 31.33 percent increase in pending sales, the Northwest MLS figures showed, while Thurston saw a 30 percent increase from the same month in 2009.”
Home prices, however, continue to be low in the Tacoma real estate market, according to a March 31, 2010 article in the News Tribune. According to the piece, which was also released by the Associated Press, “While home prices are rising in most parts of the country, Puget Sound-area home prices remain on the decline, according to the Standard & Poor’s/Case Shiller 20-city home price index released Tuesday.”

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