Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 60% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 300%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 330-thousand dollars. The number of units sold increased 20% year-over-year, and decreased 25% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Pacific, WA
Area Information for Pacific, WA
Population:7,372
Median Age:37.16 yr
Median Commute Time:27 mins
Educational Climate*:4
Sales Tax:0%
Population Density:3,039/sq mi
Population Change Since 2000:42.06%
Closest Airport:Seattle-tacoma International
Closest College:Pacific Lutheran University
Closest Jr. College:Northwest Aviation College
Median Household Income:$64,004
Annual Residential Turnover:0%
Median Home Sales Price:$470,000
Closest Major Sports Team:Tacoma Rainiers (aaa)
Change Avg. Household Income Since 2000:39.54%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Pacific, WA
Median Age: 37.16Married: 34%Number of Households: 2,523Households with Children: 838
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.