Want a Home for under $300,000 in Western Washington? Where should you look now?

Shelton Mason County Home mortgageThe South End Real Estate market (South of Seattle) has boomed since 2010 and is currently one of the hottest housing markets in the US.   People are making the drive from Puyallup to Bellevue daily due to the high price points up north.  Now people are looking at Thurston County for their commute to Pierce County to save a little more or to gain more land.  Please let me connect you to one of my great Real Estate partner agents to help show you homes in the area that will fit your budget and your expectations!   Bruce

Do you work in Tacoma or Seattle but want to buy a home for under $300,000?

Thurston and Mason counties might become destinations for buyers trying to find something in that price range.

For home sellers, welcome to the time of “galloping appreciation.”

According to Northwest Multiple Listing Service’s latest round of prices for home sales in the region for July:

▪  Pierce County’s median price for homes was $312,250, up from $285,000 the same time last year.

Other median home prices, for comparison:

▪ King County: $658,000

▪ Snohomish County: $453,085

▪ Kitsap County: $322,450

▪ Thurston County: $295,000

▪ Mason County: $224,250

Puyallup Home valuesFor some homeowners, low inventory is leading to “galloping appreciation, exhibited most dramatically in King County,” Mike Grady, president and COO of Coldwell Banker Bain, said in the listing service’s announcement of July’s figures.

His attention then turned to the surrounding counties.

“Don’t be surprised if these shrinking inventories pump appreciation up to double digits,” he said, noting Kitsap, Pierce, Skagit and Thurston counties.

In a separate release, Jim Morrison of John L. Scott South Hill Puyallup said Pierce County continues to be a seller’s market, despite an increase in inventory.

“We had 2,500 active listing and 2,200 pending sales in July,” he said, “and we are still seeing multiple offers on most sales but not as many as we saw in May and June.”

Median price for condos in Pierce County was $220,000, well below King County’s median of $370,000.

John L. Scott Real Estate, in its own analysis, pointed out that 33 percent of pending home sales in Seattle were $1 million and over.

Source: TNT 

All page content by Bruce McLaughlin Eagle Home Mortgage 1029 East Main Puyallup WA 98372 NMLS 70081 253-651-5755 Contact me directly for any questions