CJ's Real Estate Market Update - August 2021

Posted by Key2See Team on August 24, 2021

CJ's Real Estate Market Update  -  August 2021


This is a Pierce County market update that you can rely on every 3 weeks coming to you from me, CJ Stewart with the key2see Team! My focus is on the ever-changing real estate market in Pierce County. You can rely on this blog to show you our market's statistics and developing economical and housing information as it pertains to buying or selling a home in our wonderful area.


Average Sales Price: Our average sales price in Pierce County has increased by over $12,000 since last month. I do these market updates every three weeks and the trend so far this year has been an average increase of roughly $9,000 per period. So this is very close to the average increase for this year and its actually down from last month’s increase of over $15,000. Experts are still contributing this mainly to the sheer number of Buyers out there compared to the amount of inventory currently available. No one is expecting this to slow down in our area in the near future other than the winter months yearly slow down.


Highest Luxury Sale: Our highest luxury sale this month is once again out of Gig Harbor. It was a beautiful NW contemporary 7-year-old home—10 close-in wooded acres—3584 sf residence--1300 sf ADU—1200 sf guest apt. Quality throughout. Vaulted tongue & groove ceilings & heavy exposed beams play to the NW lifestyle. Great room is definitely the hub of this home with presentation-style kitchen anchoring one end. Chefs will love the Blue Star gas range, Liebherr fridge, 2 dishwashers & custom pullouts. Amazing storage in kitchen, pantry, utility, closets. Master bedroom retreat with connecting workout room/nursery? Secondary ensuite bedrooms are separated by handsome bridge. Glass garage doors show off 3 reg height & 1 RV/boat bays. Truly an incredible Estate and deserving of such a sales price.


Our average days on market has remained between 8 and 15 days for the last few years in Gig Harbor. We do not expect that number to fluctuate much any time soon.


Please never hesitate to reach out to me or the Key2see Team directly with any questions regarding real estate or our market!