North Tacoma Living

August 2007 Real Estate Sales Stats for North Tacoma

August 2007 Real Estate Sales Stats for North Tacoma

From August 1st to August 30th, 2007, 16 homes sold in the North Tacoma from Proctor Street to Commencement Bay and Sixth Avenue north to Commencement Bay.  In comparison in 2006, there were 22 sales in the same period and same geographic boundaries. 

2007 averages are as follows:

Average Sales Price- $428,531

Average Days on Market (DOM)- 86 days

Average $ per Sq Ft- $226.26

Average Sq Ft- 1967

Low Sales Price- $290,000

High Sales Price- $685,000

Homes sold for 98.29% of their asking price.

August 2007 Real Estate Sales Stats for the North Slope

August 2007 Real Estate Sales Stats for Tacoma's North Slope Historic District

From August 1st to August 30th, 2007, four homes sold in the North Slope Historic District in Tacoma. In 2006, there were five sales in the same period.

2007 averages are as follows:

Average Sales Price- $358,625

Average Days on Market (DOM)- 110 days

Average $ per Sq Ft- $222.13

Average Sq Ft- 17058

Low Sales Price- $310,000

High Sales Price- $390,000

Homes sold for 99.07% of their original asking price.

Average sales price to assessed value ratio- 1.33136

Range for sales price to assessed value ratio- 1.14650 to 1.49597

Summary- It is still all about price, price, price. DOM is still in the triple digits. Of the four homes, the longest DOM was 219 days! Interstingly the most expensive sale of the month was the shortest on the market at just 22 days. For the month, demand for the homes active on the MLS has only been on average 2% per week.