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Custom Built Henderson Bay Waterfront Home
8407 104th St NW, Gig Harbor
The Essentials:
5,690 Sq. Ft. Main House
572 Sq. Ft. Guest House
28,000 Sq. Ft. Lot
4 Bedrooms, 3.75 Bathrooms
2 Car Attached Garage
3 Car Detached Garage with Guest House Above
100' Low Bank Waterfront
Sweeping Henderson Bay Views
Offered for $1,975,000
Click here to view the listing
"Coming home to beautiful, mesmerizing views on Henderson Bay magically detaches us from stresses of the day."
Quiet elegance greets you at this stunning custom built waterfront home. Built in 2008 by Joe Mayer Built Homes with 100' of low bank waterfront with West and Northwest exposure on Henderson Bay.
Pass through the foyer into the expansive great room and marvel at the sweeping views. Feel the warmth of the radiant heated travertine floors and curl up in front of one of the five propane fireplaces within the main house to watch boat traffic on Henderson Bay. Watch winter storms on the bay while never leaving the comfort of your living room.
Open the beautiful Nana doors and extend the living space onto the ceramic tile deck with a well appointed outdoor room.
Fabulous and unique entertaining space and outdoor room. Watch the sun slip into the Puget Sound while staying warm under the electric heaters and enjoy the ambiance and ease of the propane fireplace. Fire up the built in BBQ and grab a cold one out of the refrigerator while never leaving this resort like deck.
What a perfect gathering place for friends and family.
Meander down the expansive deck and you'll find another set of beautiful Nana doors that lead to the impressive owner's suite. The deck as been engineered for a hot tub, imagine the possibilities …
Sweeping Henderson Bay views are also enjoyed from the owner's suite. Another propane fireplace for ambiance.
Soak away the day's worries from the spa like 5 piece bathroom.
Also on the main floor is the impressive chef's kitchen with a 7 piece high end appliance package, slab granite counters, and a large island layout with skylights above. Henderson Bay views to be enjoyed by all while preparing meals.
There is also a fully appointed Butler's pantry; ideal for the caterers' use during a fund raising gathering, or while entertaining clients.
More spectacular Henderson Bay views from the walkout daylight basement. The rec room has plenty of space for a pool table and the covered patio spans the length of the house. Handsome built ins and a propane fireplace.
The theater room is the perfect spot to watch a Seahawk's game. The second kitchen on this floor makes prepping game day snacks a breeze!
There is also a wine cellar ready to be stocked. Morso Wine Bar and The Wine Studio are a quick 10 minute drive away. This home is an entertainer's dream.
Spill out onto the lawn and down the bulkhead steps to the beach. The impressive resort style landscaping brings paradise home.
Feel the sand between your toes and relish the quintessential Northwest lifestyle. Explore the beach at low tide and dig for geoducks for tonight's dinner. Gather around the fire pit to watch the July 4th fireworks over Henderson Bay. Grab your paddle boards or kayaks to float out over the mirror like water.
As you drive down the tree lined road to the gated entry the forest like ambiance leads you to the private yet convenient property. Located just minutes from Sehmel Homestead Park and McCormick Forest Park there are recreational activities 5 minutes away! Cross over Hwy 16 and there is a plethora of dining and shopping options Ready to make this slice of paradise yours?
Turnkey 3 Bedroom Rambler in University Place School District!
7617 33rd St W, University Place
The Essentials:
1,388 Sq. Ft.
7,015 Sq. Ft. Lot
3 Bedrooms, 1 Bathroom
Fully Fenced Private Yard
Offered for $220,000
click here to view the listing
"We take a lot of pride in this home and we made so many wonderful memories. We hope the next owners fall in love with it the way we did." – Andy P., current homeowner
Warm mid tone hardwood floors greet you upon entering the open concept University Place home within the University Place School District. The large front window bathes the dining room in soft natural light.
The dining room flows effortlessly into the living room. The certified woodstove has a beautiful slate tile surround and will keep you cozy all year round. Head South on Bridgeport to the University Place Library to pick up the latest from the New York Times Best Seller list to curl up with in front of the fireplace. You could even walk there; it's less than a 1/2 mile away.
Through the French doors you will find a spacious bonus room. This flex space could be the perfect media room, playroom, study, or…? The possibilities are endless.
Crisp white cabinets keep the kitchen light and bright. Gorgeous granite tile counters add elegance. Peer out the kitchen window while cleaning up to see what's happening in the private backyard, or keep an eye on the living and dining room activities through the pass through while preparing meals. One of the things the current homeowner will miss most about this updated home is, "The open layout of the home allowed for growing a family and hosting gatherings."
With it's ultra convenient location grocery shopping is a breeze. Trader Joes, Safeway, and Albertsons are all less than a mile away. If you're looking for a specialty grocer Harbor Greens Market is a few blocks away and the highly anticipated construction of Whole Foods is underway! Or, take a night off as chef and enjoy a margarita and street tacos at El Toro, a local favorite. Head towards the water on South 19th St and sit on the deck of Boathouse 19 overlooking the Tacoma Narrows Bridge and watch the sunset into the Puget Sound.
The large laundry room provides ample additional storage and a utility sink that is great for cleaning up after working in the garden!
The level, fully fenced, and private, backyard with mature landscaping provides a lovely retreat while never leaving your backyard. BBQ under the covered patio no matter the weather! Spill out into the yard and enjoy a game of bocce ball or yard bowling.
The landscaped backyard awaits your green thumb! Storage shed for your garden tools and raised beds to grow your own fresh fruit and vegetables. Willow Tree Garden and Interiors has endless options for adding new plants to the landscaping or finding that perfect gift you have been searching for.
This Turnkey University Place home won't last long with it's open layout, landscaped fully fenced yard, and convenient location.
Click here to schedule a showing
Learn more about University Place by watching the video below
Belmont 3 Bedroom Rambler in Gated Community!
6616 83rd St E, Puyallup
The Essentials:
1,969 Sq. Ft.
7,020 Sq. Ft. Lot
3 Bedrooms, 2.5 Bathrooms
2 Car Attached Garage
Zetterberg Built Rambler
Located within the Gated Community of Belmont
Offered for $349,900
Click Here to view the listing
Located in the sought after gated community of Belmont this nearly 2,000 sq. ft. rambler is turn key and ready for you to move in and enjoy! Built in 2000 by Zetterberg Custom Homes the one level open concept layout is one of the many things the current homeowner will miss.
Gorgeous upgraded hardwood flooring is found nearly throughout the home. The kitchen island with breakfast bar is perfect for chatting with your guests while preparing a meal and the glass slider allows easy access to the oversized patio and fully fenced level backyard.
The gas fireplace will keep you cozy at the flick of a switch! The natural light pours in through the wall of windows and the vaulted ceilings make the great room live large.
Enjoy a meal alfresco on the oversized patio. Mature landscaping greets you in the South facing backyard.
Take a short stroll to the common areas within the Belmont community.
Dedicated play area available for community use.
There is also a sport court for all to enjoy.
The current homeowner describes living here in a "tight knit community with friendly neighbors". The ideal Summit location off Canyon Road with easy access to shopping, medical facilities, and Puyallup schools. Don't hesitate;
Click here to schedule a showing
NW Contemporary 4 Bedroom Home with Wollochet Bay Views
5517 35th St NW, Gig Harbor
The Essentials:
3,399 Sq. Ft.
1.35 Acre Lot
4 Bedrooms, 2.5 Bathrooms
2 Car Attached Garage, Detached Carport+ Shop (great for boat storage!)
Wollochet Bay Views
Offered for $600,000
Click here to view the listing
"Living in our home is, in many ways, like being on a vacation – I think that is why our family visits so frequently and stays so long!"
Words to live by in this handsome Quintessential NW Contemporary Home. Soak in the Wollochet Bay views from this 3,399 sq. ft. 4 bedroom home. Feel pampered from the moment you wake up with warm air from the forced air gas furnace on your feet in the morning in the spa like master suite, to the ever changing views you can enjoy in while preparing meals on the gas range in the spacious kitchen. There is plenty of ambient light throughout the home, even during the sometimes bleak Pacific NW winters.
Built in 1991 on 1.35 acres, this home is perfect for the casual Pacific NW homeowner who loves the connection to the water and the land, but enjoys the close-to-everything location. The public boat launch is barley a block away on 37th St NW and the owners enjoyed dropping their crab pots at the mouth of Wollochet, running errands around town, then returning to pull the pots and feasting on a Dungeness or Rock crab cookout. There is even a firepit to roast s'mores on! The detached carport and shop are perfect for storing your boat and crab pots!
With 4 bedrooms, and 2.5 updated bathrooms there is plenty of room for everyone. The master suite is located on the second floor and is it's own private retreat with a spa like 5 piece master bathroom, a deck with Wollochet Bay views, and a loft area that is currently used as office space.
Don't miss the large bonus room that is above the attached 2 car garage. It is wired for surround sound, has great views, and has plenty of room for a pool table, shuffleboard or pinball machine.
The prime Gig Harbor location close to Uptown and schools such as Artondale Elementary and Harbor Montessori make this home a must see.
Click here to schedule a showing.
U.S. Foreclosure Filings Down 18% from 2013 level
In 2014 the U.S. foreclosure filings dropped to 1 out of 118 housing units. This is the lowest it has been since 2006. Read more here. Curious how this affects Pierce County Housing? Call or email me to find out!
7515 110th St NW, Gig Harbor ~ Stunning Low Bank Waterfront Home!
Read the lastest blog post on LivingGigHarbor.com and see more photos of this stunning contemporary low bank waterfront home on Henderson Bay in Gig Harbor! Click here to find out more.
October 2014 Pierce County Housing Report
It's that time again to check in on the Pierce County Housing Market. This month we have another neutral month based on the year over year stats I always lead off with, but I also found a few goblins we may want to keep an eye on. Here are the headline numbers as measured on September 30:
Inventory – UP 6.5%
Closings – UP 9.1%
Median Price – UP 1.4%
New Pending Contracts – 31.7%
These are Year Over Year Numbers and they look pretty good. Inventory is UP, we like that, the market needs more houses to sell as we still have less than 4 months supply based on closed sales. Median Price is UP only slightly but that's not a surprise, we talked last month about price increases slowing. Pending contracts are UP so much that it is a great indication we are in store for a strong sales flow during the 4th quarter as we wrap up 2014! While I prefer the pumpkin is "half full" viewpoint, I have to say the market hasn't "felt" like these numbers. When talking with other brokers recently, I've noticed some chatter about a slower market; so I dug a little deeper.
Month Over Month transaction volumes are much different with Pierce County DOWN 13.4%. Turns out this August vs September drop in closed sales is normal, at least compared to 2013 when the same thing happened. However in arriving at this conclusion I viewed the volumes by price range and saw a couple of items you may find interesting. In the chart above you can see the very important $250,000 – $500,000 price range things really took a break with volume dropping 20%. These are the homes that buyers are "moving up to" and it is just this year we have been able to say the recovery took hold in this sector. This segment of the market represents over 35% of our Pierce County transaction volume. I don't know if it is widely understood that 95.7% of the Pierce County Market happens in this price sector….and below!
This shows that only 4.4% of all Pierce County transactions were over $500,000. In case you were wondering, listing inventory over $500,000 disproportionately makes up 13.3% of the total number of homes for sale. Pierce County Housing Market participants need to know, the "Work-Horse" price sector is under $250,000 with 41% of the inventory creating over 60% of the sales!
We have a healthy volume of Pending Sales so if history repeats itself the coming months should provide a nice increase as we wrap up 2014.
September's numbers are a fitting reminder that there's a limit to how robust our recovery can be characterized.
Month by month we are achieving normalization and as I've always said; "markets don't recover in a straight line" so there may be a bump in the road from time to time. Those that approach this market with realistic expectations based on detailed market analysis will find success.
Give me a call or shoot me an email, it is always good to hear from you!
Post Summer 2014 Pierce County Housing Report
Evidence of Slowing Appreciation and Reversion to Normalcy.
Also, how King County's trending may soon affect our local market.
Markets Continually Seek Balance The Pierce County Housing market as measured by August 2014 numbers gives us a clear indication it is efficiently balancing and allowing home buyers and sellers to participate with predictable results.
Inventory – UP +11%
Closings – Down -02%
Pending Sales – UP +21%
Months of Inventory – UP last year +3.2 this year + 3.6
Median Price – UP +5%
With inventory at 4,282 units it is the highest it has been all year. In fact it was December 2011 since we had that many homes for sale in Pierce County. At that time we were steadily coming off the crazy high level of inventory that was the result of the housing crisis which peaked in August of 2007 at 9,022 units for sale. So how much inventory should we have? To have a balanced market, we need 3-5 months worth of inventory. In the last 14 years, which includes pre and post bubble markets, Pierce County has sold an average of 11,766 homes per year. Using that average we have 4.4 months inventory. Pendings are up 21% as we close out the summer so we may exceed 12,000 units with a strong finish in 2014.
The peak of the Pierce County price index was 7 years ago! It has taken a long time to work through the huge impact of the housing market spinning out of control. Prices fell consistently for 5 years until reaching bottom in February 2012 and as of this month we are 39% up from that low! We've seen peak inventory levels as mentioned above when we had as much as 12 months worth on inventory and we've seen shortages like in March of 2013 with only 2,800 units for sale. It is refreshing to be at or near a normal inventory level!
Our recovery experience is comparable to other parts of the country. This CoreLogic map shows the State of Washington still 10.8% below it's peak market levels compared to other parts of the country that are either fully recovered or, like hard hit Nevada, still down over 37%. Ouch! It's always a good idea to break the numbers down to more localized evaluation and in this case I can tell you Pierce County is still 18% below the peak. What's interesting is Pierce County is at the same price level as June of 2005 while King County is at June 2006. With King County that much closer to the all time high, doesn't it seem logical that more of those buyers will be exploring Pierce County?
The road ahead. The Home Price Expectation Survey is a nationwide panel of over 100 economists, real estate experts, and investment or market strategists. I like this report because it is not the opinion of just one market expert, but a cumulative average of over 100 experts. Their 3rd quarter report is out and the graph is posted here. If Pierce County continues to generally follow the pattern of the rest of the country we will see cumulative appreciation of over 18% by the end of year 2018. This would put the Pierce County median price at about $280,000.
If you're a buyer in this market you can make your purchase decision with confidence that you're making a good long term investment. If you're a seller it is nice to know there is a balanced market with predictable fundamentals and a pool of buyers you can strike a deal with!
Pierce County Real Estate continues to lag behind King County
The Pierce County real estate market continues to lag behind King County, but there is light at the end of the tunnel and values are approaching 2004 – 2005 levels. For more details see the full article that was on yesterday's front page of the News Tribune.
Thousands in Pierce County trapped in underwater mortgages
