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July 2007 Real Estate Sales Stats for Tacoma's North Slope Historic District
From July 1st to July 31st, 2007, eight homes sold in the North Slope Historic District in Tacoma. In 2006, there were 13 sales in the same period.
2007 averages are as follows:
Average Sales Price- $649,563
Average Days on Market (DOM)- 132 days
Average $ per Sq Ft- $180.47
Average Sq Ft- 3838
Low Sales Price- $289,000
High Sales Price- $1,600,000
Homes sold for 92.20% of their original asking price.
Average sales price to assessed value ratio- 1.3587
Summary- Today it is not only about location, location, location but almost more importantly it is about price, price, price. As Tacoma continues to experience a buyer's market, the DOM is increasing unless homes are priced aggressively. Of the eight homes, the longest DOM was 262 days! The shortest DOM was 3 days! Of the homes currently listed for sale, demand for them has only been 3.75% per week. Sales are still good but we are a long way from a market balanced in supply and demand.
