Buying or selling real estate in DuPont WA? The DuPont Real Estate Market Report for August 2013
The impressive story for DuPont is there are clear signs of an improving market. The number of sales is up, the home sale prices are up, and the market is shifting from a buyer’s market to a seller’s market. For sellers, this is a long awaited shift. Buyers, you better act now to catch the tail end of a long buyer’s market.
Here is this month’s real estate market report for DuPont WA in Pierce County by Francine Viola of Coldwell Banker Evergreen Olympic Realty.
DuPont WA in Pierce County Home Prices & Real Estate Report Highlights
DuPont WA, a desirable location for JBLM commuters, has remained a steady corner of the Pierce County market. For August 2013, the average sales price in all of Pierce County was $253,596 compared to DuPont’s whopping sales price average of $353,039 – a $100,000 increase over Pierce County overall!
At the peak of the market in 2008, the highest average sales price in DuPont was $325,179. Again, August 2013 beat that number and saw an average sales price of $353,039. A clear sign the market is returning.
What this means for Sellers. Sellers still need to price right. Over-priced listings, in any market, will not attract a buyer because buyers refuse to waste their time in trying to negotiate the price down to fair market value. Speak with a qualified and experienced Realtor to get a clear picture of the current market to determine the best price for your home.
What this means for Buyers. Your time is up. The bottom of the market has passed and now is the time to make your move to catch the tail end of the fading buyer’s market. Brace yourselves for less negotiating room with sellers and be prepared to cover your own closing costs.
Buyers may also need to prepare for multiple offer situations. Buyers now have competition for well-priced homes. In order to prepare, buyers need to be ready to go if they need a loan (prequalified with a local lender) and need to be able to make that quick decision, if needed.
Find DuPont WA Homes for Sale
Visit my website to search DuPont WA homes for sale, or sign up and get notified when DuPont homes that meet your criteria come up on the market. Be the first to know of a new listing! Also click here to learn what NOT to do when buying a DuPont WA home.
If you’d like to learn more about how your home fits into this market and would like a personalized home evaluation, feel free to email me (firstname.lastname@example.org) or call me today at (360) 359-0689. With no obligation, I can give you straight-forward, fact-based information so you can decide if the time is right to make your next real estate move.
Statistics not compiled or published by the Northwest Multiple Listing Service. Statistics compiled by Francine Viola from NWMLS data.