Tacoma’s promise to revitalize the community of Lincoln, known formally as the Lincoln International District, is great news to homeowners and renters alike. The South End community is set to be the next happening spot, and Coldwell Banker Bain Tacoma can take you there.
The average median sold price in the district for $211,807, up 2.6% from the month of January, while the average days on market for the immediate area are 32 days.
“23% of the recently closed homes in Lincoln sold at or above the listing price. It’s a great time to be looking at the Lincoln International District,” said Cory Armstrong, a Broker with Coldwell Banker Bain of University Place.
The revitalization, which includes several new features and improvements along the 38th Street corridor, is set to not only improve accessibility to local businesses but also inflate the values of homes in the area.
Lincoln is an older neighborhood, the average age of houses in the community is 65 years old, making it a perfect place for the first-time homebuyer to buy a house to improve. With the median age of its residents being 37, the Lincoln community is a laid-back, professional district with quiet nights and eventful days.
Interested in finding out more about the Lincoln International District or on getting a free market report on the area? Give us a call! At Coldwell Banker Bain in Tacoma, we are always happy to help and excited to share our expansive knowledge with you.