Pierce County high-end homes see increased activity

Photo by Aidan Brown on Unsplash

The Pierce County high-end and luxury market saw increased activity in 2018, and it appears the segment will continue the gains in 2019. A recent home sale for $3.5 million was the highest recent closed sale in Gig Harbor, and could potentially be a record-setter in the area. 

Debbie Cockrell | The News Tribune

[…] There were 87 active listings as of Jan. 1 for properties valued at $1 million or more in Pierce County, with 14 new listings added in December, and 14 pending sales in that category, according to a market analysis from John L. Scott real estate.

For comparison, December 2018 showed just over 33 percent of new listings in that price range pending in first 30 days; in December 2017 it was at 14.3 percent.

“For the luxury market, there is a healthy inventory of homes for sale, paired with healthy sales activity up to $2 million (in home price), then selective buyer activity above that,” the report said.

To read the full article, click here: 2018 real estate recap as 2019 kicks off with the bar moving higher for luxury homes

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