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My goal is to be recognized for my professionalism and for my opinion to be sought out by all who desire to make informed Real Estate Market decisions.

Recognizing that history repeats itself; our understanding the past Real Estate Cycles; allows us to predict its future, the Real Estate Industry and our National Economy follow certain cycles.

Our current cycle is for increasing interest rates and inflating home prices.

 

Allow me do demonstrate proof of inflating home prices and increasing interest rates.

 

The following charts break Pierce County into seven regions: 1) Puyallup; 2) Spanaway / Graham;

3) Central Tacoma; 4) South / East Tacoma; 5) North Tacoma;6) Fircrest / University Place; and

7) Gig Harbor.

 

Each of these areas has experienced:

  • Dramatically reduced inventory
  • Dramatically reduced marketing time
  • Significantly increased average sales prices
  • Significantly increased average price per square foot

 

Please review the following charts they are representations of actual market data for each of the seven areas. The data was extracted from the North West Multiple Listing System Database on April 1, July 1, and September1,2013 and represents the previous 120 days of activity from each of those dates in each of the seven areas.

 

History shows us when we have reduced inventory, increased demand, we experience increased home prices. This cycle is being further fueled by fears of increasing interest rates.

 

Please review the Average Home Price Chart from 1997 to 2013and the Average interest rate, Consumer Price Index Increase and 10 year Treasury Bond Yield Charts.

 

The Cycles are evident
Stats prepared by Frank Hawkins Broker / Realtor, data gathered from NWMLS (Northwest Multiple Listing)