For over 100 years North 26th & Proctor has been the heart of Tacoma’s North End. A vibrant, charming, pedestrian neighborhood that welcomes visitors year round. Enjoy the tree lined streets and explore one of a kind shops and restaurants, one of the oldest theaters in the state or go bowling. It is the home of the famous Proctor Treats, Junior Daffodil Parade and Proctor Arts Fest.
Our market is truly feeling the sense of supply and demand. There are not enough properties to sell! We really need listings! Inventory (supply) is very low and the pool of buyers (demand) is very high.
Why list? It’s a great time for sellers. Because of the low inventory, it is a very competitive market resulting in multiple offers for sellers. Buyers are eliminating most contingencies to make their offer attractive. To the seller that means – waived inspection, waived financing and even waived appraisal. Buyers may also make their offer more compelling by allowing the seller stay in the home for a period of time after closing or offer other incentives to be selected.
Why are buyer’s doing this? Interest rates are at an all time low and they want to take advantage of them. If they are renting, that monthly cost can be as much as a potential mortgage.
The end result is that most homes in our area are selling for over list price. The fact that it’s a good time to sell is an understatement. If you are considering downsizing, have an investment or rental property, or are just ready for a change in your life, now is a great time to sell!
Who doesn’t love living in Tacoma and getting to see this view of Mount Rainier every morning….at least on a good day when it’s not raining! But it is truly an awe-inspiring view, isn’t it?