The Twenty on the Twentieth Report – June 2009

June 20, 2009 at 9:44 pm Leave a comment

I am happy to report that the general real estate market has seen quite an increase in homes sales that are below the median price.  Home buyers are jumping on historically low interest rates before those rates go up again and new home buyers are taking advantage of the $8,000 tax credit before it expires. 

And now back to Lake Tapps.   Drum roll please …………………..

TEN CLOSINGS TO REPORT ON LAKE TAPPS THIS MONTH!!!

Remember last month when we had 15 pending sales?  Well, ten waterfront homes actually closed.  This is a very good percentage because  in this market, many deals fail for different reasons.  In fact, I know of one pending deal that failed to close with an extremely well financed buyer.  I feel sorry for the two agents who worked so hard for months to then have the deal fail at the last moment.   Better luck next time you two!

Here are the current Lake Tapps waterfront statistics:

Active:  Under 1 Million Dollars = 53     Over 1 Million Dollars = 21

     Lowest price = $359,800       Highest Price = $2,450,000

Pending = 14  ( all under 1 Million Dollars)

Sold = 10      5/19/09     $670,000     2702 202nd Ave Ct E

                         5/21/09     $800,000     21123 Church Lake Dr E

                         5/28/09     $415,000     20914 Church Lake Dr E

                         6/02/09     $542,500     2925 196th Ave Ct E

                         6/02/09     $424,000     6610 Vandermark Rd E

                         6/04/09     $715,000     1411 Tacoma Pt E

                         6/10/09     $405,000     3007 196th Ave Ct E

                         6/10/09     $540,000     4410 185th Ave E

                         6/16/09     $545,000     6116 207th Ave E

                         6/20/09     $570,000     4605 N Island Dr E       

Interested in buying a home?  Contact me any time.

Sincerely, Karen Wallace, John L Scott Real Estate    (206)910-8807     karenwa@johnlscott.com

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The Twenty on the Twentieth Report – May 2009 The Temperature of Lake Tapps July 12th

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