For the second installment in the neighborhood sales statistics, we will visit 98405. Loosely translated here as “Hilltop” this includes areas that many consider downtown, as well as the McCarver Neighborhood. I can say hands down that this is the neighborhood that the majority of my first time home buyers are asking about these days. It’s affordable, convenient, and cool.
Downtown gets all the attention, but 98405 has been a real workout this year, churning out lots of affordable sales.
In 2008 there were 225 houses that sold in 98405. They ranged in price from $55,300 – $469,000. The average sale price was $212,731, 3 bedrooms with 1,586 square feet. Currently, there are 135 houses listed in 98405. They are priced from $89,900 – $448,000.
As for condos, there were 30 sold in 2008 in 98405. They ranged in price from $119,950 – $315,000. The majority were in the McCarver Neighborhood above the UWT, at City Steps & Bella View. The average sale price of a condo in 98405 was $219,990, 2 Bedrooms, 1,113 square feet. Here is the breakdown by condo building:
City Steps: 9 sold
Bella View Townhomes: 6 Sold (sold out)
27th Street Station: 6 Sold
12 St Condominiums: 3 Sold
Allenmore Ridge: 2 Sold
Ainsworth Condominiums: 2 (Sold Out)
Rainier Vista: 1 Sold
1939 S I St: 1 Sold
NOTE: Metro City Homes & McCarver Village both chose to list their townhomes in “Residential” instead of Condo, so their data was lumped in with the houses. MCH sold 9 and McCarver sold 3.
There are currently 43 condos listed in 98405 ranging from $125,000-$545,000. The average listed price of condos in 98405 is $326,773 for 2 bedrooms, 1266 square feet. Color me dramatic but that is a $110,000 GAP between what the market is saying and what sellers are asking.
In contrast, the average price of currently listed houses in 98405 is $216,590. Only a few thousand dollars over the sold average. Home sellers in 98405 seem to have their fingers on the pulse a bit more than the condo sellers at the moment.
If you are interested in seeing these homes and condos for yourself, send me an email at TheSkydivingAgent@gmail.com and I would be happy to send you a detailed list.
Next up, Stadium – 98403.
