Stephanie Patrick - In Town Gig Harbor - 6.125 X 22 - NL - AUG22 Email

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Your In Town Gig Harbor Real Estate Specialist and Proud Neighbor Since 2006 Presented by Stephanie Patrick RE/MAX Exclusive 7201 Pioneer Way Suite A101 Gig Harbor, WA 98335 STEPHANIE PATRICK REALTOR® Senior Real Estate Specialist, Certified Luxury Home Marketing Specialist, Institute of Luxury Marketing Member 253.297.0022 spatrick@remax.net www.InTownGigHarborLiving.com Published by REAL Marketing (RM) www.REALMarketing4You.com 858.952.4280 ©2022 Each office is independently owned and operated. IN TOWN GIG HARBOR EXCLUSIVE August 2022 | Real Estate Market Report 6363 Harbor Sunset Place #7 | Sold for $412,500 2 Beds 2.0 Baths 1,196 Est. Sq. Ft. PUT STEPHANIE’S IN TOWN GIG HARBOR EXPERIENCE TO WORK FOR YOU! 341 Fox Island Boulevard | Offered at $1,650,000 3 Beds | 1.5 Baths | 1,960 Est. Sq. Ft. UNDER CONTRACT IN LESS THAN A WEEK! PREPARED ESPECIALLY FOR Leonardo and Angelica Washington

IN TOWN GIG HARBOR

Real Estate Market Report

In Town Gig Harbor Homes Currently Listed

What a READJUSTING MARKET

Means for You

Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.

STEPHANIE PATRICK

REALTOR® Senior Real Estate Specialist, Certified Luxury Home Marketing Specialist, Institute of Luxury Marketing Member

253.297.0022

spatrick@remax.net www.InTownGigHarborLiving.com

There Are Currently 3 In Town Gig Harbor Homes Pending

For more information on any In Town Gig Harbor homes, contact me at 253.297.0022.

In Town Gig Harbor Homes Sold Recently

HOME SHOWINGS

2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.

EXISTING HOME SALES

Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.

THE EXPERTS SAY IT BEST

“Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.”

—First American

THE MARKET ISN’T CRASHING

It’s a turning point that’s moving back toward more pre-pandemic levels.

This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term.

Leonardo and Angelica

Stephanie Patrick and RE/MAX Exclusive are not in any way affiliated with In Town Gig Harbor Owners Association, nor is this in any way an official advertisement or publication of In Town Gig Harbor. ©2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NWMLS as of August 11th, 2022. Listings and sales may not be those of RE/MAX Exclusive. The NWMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 253.297.0022 Let’s discuss your options!

Address Property Type View Beds Baths Estimated Square Feet* List Price** Sold Price** Sold Date 6592 Hunt Highlands Loop Condominium N/A 2 2.00 1,400 $540,000 $540,000 08/04/22 3901 Harborview Drive #C-31 Condominium Bay, Sound, Territorial N/A N/A 500 $115,000 $115,000 07/29/22 7501 Stinson Avenue Residential Partial 4 3.50 3,800 $1,495,000 $1,550,000 07/29/22 6909 Soundview Drive Residential Mountain, Sound, Territorial 4 2.50 1,900 $1,185,000 $1,100,000 07/27/22
Property Type View Beds Baths Estimated Square Feet* List Price** Condominium Territorial 2 1.75 1,200 $399,000 Condominium Territorial 2 1.75 1,300 $486,000 Residential N/A 3 2.50 1,600 $475,000 Residential Mountain, Partial, Sound 2 2.50 2,200 $795,000 Residential City, Territorial 3 2.00 1,400 $798,000 Residential Partial 3 1.75 2,000 $915,000 Residential Bay, City, Mountain, Ocean, Sound 3 2.50 2,600 $1,399,000

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