Gig Harbor Homes for Sale – Best Buy Pick August 7-13, 2011

The Gig Harbor home for sale Best Buy Pick for the week of August 7-13, 2011, is a 5 bedroom, 2.75 bath,  3832 square foot  home located at 5714 Comte Dr NW, Gig Harbor, WA 98335.  The home is situated on 2 acres in the Artondale area of Gig Harbor.  This home was built in 1984 and is a multi-level floor plan common to many homes built in the late 1970s thru the 1980s.    This Gig Harbor home has been well kept and has some nice features such as a built in vacuum system, vaulted ceilings, skylights, a second kitchen and a second master bedroom and is located on a culdesac.  This home is priced at $389,000.  Its assessed value is $469,900, with its estimated market value at $419,000-$467,000, making it a very good value for a large home on 2 acres in Gig Harbor.   To see photos of this home, click on the photo below.

Click here to see photos of home.

Gig Harbor Homes for Sale – Best Buy Pick July 31-August 6, 2011

The Gig Harbor home selected as the Best Buy Pick for the week of July 31-August 6, 2011, is a water view home located at 6421 Cromwell Beach Drive NW, Gig Harbor, WA 98335. This Gig Harbor home is a 6304 square foot home with 4 bedrooms and 6 bathrooms situated on 3.19 acres of waterfront in the Cromwell community of Gig Harbor. The home looks out over Hale Passage to Fox Island. This home was built in 1995. It has had its kitchen remodeled in 2010 with new custom cabinets and slab granite counters. This home has three master suites, 2 dens and a 4 car garage. This water view home is priced at $995,950. Its tax assessed value is $1,090,000, and its estimated market value is between $1,442,727 and $1,846,691. Although a home priced at close to 1 million dollars may not be within the grasp of most home buyers, for those who are shopping for homes in this price range, there are not many other water view homes with this much square footage and acreage in Gig Harbor under $1,000,000, making it a Best Buy for homes that are for sale in Gig Harbor.  To see photos of this home, click on the photo below.

Click here to see photos of home

Gig Harbor, Key Peninsula, Kitsap & Bainbridge Island Home Sales July 2011

Here are the numbers for homes sold (completed transactions) and offers being made on single family homes for the Gig Harbor, Key Peninsula, Kitsap (Port Orchard, Bremerton, Silverdale, Poulsbo, Kingston) and Bainbridge Island Real Estate markets for July 2011.   The figures do not take condominiums, manufactured homes or multi-family properties into account, only single family homes.  Offers being made on homes in July showed another minor decrease in Kitsap, a significant decrease on Bainbridge Island, a minor decrease in Gig Harbor and  significant increase on the Key Peninsula.  Closed transactions in July showed decreases in Kitsap, Bainbridge Island and the Key Peninsula, but an increase in Gig Harbor. Being at the height of the home buying season, no clear trend has emerged indicating any type of recovery in the housing market.  Although numbers may rise one month for a certain area, none of the numbers represent very strong sales, only degrees of being less negative than other months. Short sales and bank owned homes continue to drag prices down in the Kitsap, Gig Harbor and Key Peninsula real estate market, making it an ideal time to buy a home, but concerns about the lack of an economic recovery and a continuing unemployment rate of over 9% has kept the supply of home buyers well below the level of available homes on the market.  This in turn has contributed to the continuous downward spiral on the prices of homes as home sellers (whether home owners or banks) attempt to out price each other to get their homes sold.

* The numbers in parenthesis are for June, May, April, March & February respectively

July 2011 …………………….Closed Sales…………………………………….Offers Made

Kitsap County

$300,000 & under                108(172/142/160/133/104)               165(184/194/174/199/147)

$300,001-$600,000              29(49/37/21/33/27)                          48(43/39/51/42/27)

$600,001-$900,000               0(5/2/3/3/1)                                    5(1/6/2/4/7)

$900,001-$1,200,000            0(0/0/0/0/0)                                    0(0/1/2/0/1)

above $1,200,000                 0(0/0/0/0)                                       0(0/0/0/0)

Totals                              137(226/181/160/169/132)          218(228/240/229/245/182)

Bainbridge Island

$300,000 & under                 3( 3/5/5/4/1)                                  1(8/8/7/0/3)

$300,001-$600,000              18(20/13/11/18/11)                         10(24/21/16/15/12)

$600,001-$900,000               3(8/4/4/7/2)                                   3(8/6/11/6/7)

$900,001-$1,200,000            2(1/2/0/0/0)                                   1(0/1/2/1/0)

above $1,200,000                 1(1/1/1/2/2)                                   1(3/0/1/2/3)

Totals                               27(33/25/21/31/16)                    16(43/36/37/24/25)

Gig Harbor

$300,000 & under               28(32/12/16/18/16)                         28(31/35/13/28/29)

$300,001-$600,000             32(25/23/27/15/10)                         31(38/32/26/35/19)

$600,001-$900,000              6(6/3/4/6/5)                                   9(4/7/7/5/5)

$900,001-$1,200,000           2(0/1/0/3/3)                                   2(3/0/0/0/0)

above $1,200,000                0(0/0/1/0/0)                                   1(1/0/0/1/0)

Totals                              68(63/39/48/39/34)                    71(77/74/46/69/53)

Key Peninsula

$300,000 & under                 9(15/12/20/15/13)                        27(22/9/19/28/22)

$300,001-$600,000               4(2/0/1/1/5)                                 3(2/6/0/2/0)

$600,001-$900,000               1(0/0/3/0/0)                                 0(0/0/0/2/1)

$900,001-$1,200,000             0(0/1/0/1/0)                                0(0/0/1/1/1)

above $1,200,000                 0(0/0/0/0/0)                                 0(0/0/0/0/0)

Totals                               14(17/13/24/17/18)                 30(24/15/20/33/24)

GIG HARBOR HOMES FOR SALE – BEST BUY PICK JULY 10-16, 2011

The Gig Harbor home making this week’s cut as the Best Buy Pick of homes that are for sale in Gig Harbor is a 4 bedroom, 4 bath, 3948 square foot, two-story home located at 13308 Muir Drive NW, Gig Harbor, WA 98332, in the Canterwood golf course community. Canterwood is a private gated golf course community located 3 miles north of downtown Gig Harbor. The majority of homes in Canterwood were built in the 1990s, however there was some construction between 2000-2007 and some limited new construction resuming this past year. This week’s featured home was built in 1991 and is situated on the 14th fairway. This Gig Harbor home has a traditional floor plan with a formal living room and dinning room, a large kitchen with a center island leading to an informal dinning area that opens to a family room with a gas fireplace and ample windows looking out into the back yard and the fairway beyond. The master bedroom is located on the ground floor with the remaining three bedrooms and a large bonus room upstairs. Other features of this Gig Harbor home include hardwood floors, central AC, central vacuum, hot tub spa, security system a walk-in pantry and a three car garage. This home is priced at $650,000. Its tax assessed value is $711,500, with its estimated market value between $708,834-$779,717. As far as Gig Harbor homes located in the Canterwood go, this home is definitely a best buy in the $600K-$700K price range. To see photos of this home, click on the picture below.

Click here to see photos of home

Gig Harbor, Key Peninsula, Kitsap & Bainbridge Island Home Sales June 2011

Here are the number for homes sold (completed transactions) and offers being made on single family homes for the Gig Harbor, Key Peninsula, Kitsap (Port Orchard, Bremerton, Silverdale, Poulsbo, Kingston) and Bainbridge Island Real Estate markets for June 2011.   The figures do not take condominiums or multi-family properties into account, only single family homes.  Offers being made on homes in June had a small decrease in Kitsap, modest increases on Bainbridge Island and Gig Harbor and a significant increase on the Key Peninsula after a terrible month in May.  Closed transactions in June showed inceases in  Kitsap, Bainbridge Island, Gig Harbor and the Key Peninsula as a result of and increase in offers being made in May compared to a down month in April.   I’ve included February’s, March’s, April’s and May’s numbers in order to show the general trend in how the real estate market is doing in each of the 4 areas.   It is just going to be another difficult year for home sellers.  A steady supply of bank owned homes dragging  prices down coupled with relatively low number of home buyers is making it a very sluggish market.  Until there is a significant decrease in the unemployment rate and the number of foreclosures begins to decrease, the real estate market will continue to struggle.

* The numbers in parenthesis are for May, April, March & February respectively

June 2011 …………………….Closed Sales………………………….Offers Made

Kitsap County

$300,000 & under                172(142/160/133/104)               184(194/174/199/147)

$300,001-$600,000              49(37/21/33/27)                         43(39/51/42/27)

$600,001-$900,000               5(2/3/3/1)                                 1(6/2/4/7)

$900,001-$1,200,000            0(0/0/0/0)                                  0(1/2/0/1)

above $1,200,000                 0(0/0/0/0)                                  0(0/0/0/0)

Totals                              226(181/160/169/132)          228(240/229/245/182)

Bainbridge Island

$300,000 & under                 3(5/5/4/1)                               8(8/7/0/3)

$300,001-$600,000              20(13/11/18/11)                      24(21/16/15/12)

$600,001-$900,000               8(4/4/7/2)                               8(6/11/6/7)

$900,001-$1,200,000            1(2/0/0/0)                               0(1/2/1/0)

above $1,200,000                 1(1/1/2/2)                                3(0/1/2/3)

Totals                               33(25/21/31/16)                 43(36/37/24/25)

Gig Harbor

$300,000 & under               32(12/16/18/16)                         31(35/13/28/29)

$300,001-$600,000             25(23/27/15/10)                         38(32/26/35/19)

$600,001-$900,000              6(3/4/6/5)                                 4(7/7/5/5)

$900,001-$1,200,000           0(1/0/3/3)                                  3(0/0/0/0)

above $1,200,000                0(0/1/0/0)                                  1(0/0/1/0)

Totals                              63(39/48/39/34)                   77(74/46/69/53)

Key Peninsula

$300,000 & under                 15(12/20/15/13)                     22(9/19/28/22)

$300,001-$600,000               2(0/1/1/5)                               2(6/0/2/0)

$600,001-$900,000               0(0/3/0/0)                               0(0/0/2/1)

$900,001-$1,200,000             0(1/0/1/0)                               0(0/1/1/1)

above $1,200,000                 0(0/0/0/0)                               0(0/0/0/0)

Totals                               17(13/24/17/18)                  24(15/20/33/24)

GIG HARBOR HOMES FOR SALE – BEST BUY PICK JUNE 26-JULY 2, 2011

The best buy pick for this week of homes that are for sale in Gig Harbor, Washington is a home located at 12617 98th Ave Ct NW, Gig Harbor, WA 98329 in the gated community of Bel Mar, which is across the Purdy bridge in Wauna, a suburb of Gig Harbor.  This Gig Harbor home is a two story Colonial, 4457 square feet, 4 bedrooms, 3 bathrooms.  The master bedroom is on the second floor, along with the other 3 bedrooms, a den/study and a bonus room.   This home screams elegance from the moment you step in the front door.  The white marble entry, white millwork, wainscoting and colonnades throughout the house give this home a feeling of elegance and style.  The kitchen is large with a center island, slab granite counter tops, stainless steel appliances, walk-in pantry, white cabinets and an eating area off to the side.  There is also a formal dining room and living room with a fireplace.  The master bedroom suite is huge with a spacious walk-in closet and two separate his and hers counters and sinks in the master bath.  This home has a three car garage, a large deck off of the back with a hot tub and a court sport. The home also has a partial view of Henderson Bay.  The home was built in 1998 has been well maintained and looks like it is in very good shape.  This Gig Harbor home is priced at $499,000.  Its estimated market value is $536,000-$633,000, and its tax assessed value is $592,600.  A colonial style home is not a common style home in the Northwest, but it earns this week’s Best Buy pick for Homes for Sale in Gig Harbor, WA because of its value for its size, style and partial water view in a gated community.  For additional information and to see photos of this home, click on the image below.

Click here to see more photos of this home

GIG HARBOR HOMES FOR SALE – BEST BUY PICK JUNE 19-25, 2011

This week’s best buy pick for homes that are for sale in Gig Harbor, Washington is a home located in the Whitley Hills neighborhood of Gig Harbor. This Gig Harbor home is a one story with a daylight basement, 3342 square feet, 4 bedrooms, 4 bathrooms. The master bedroom is on the main floor, with the other 3 bedrooms, a full bath and a 3/4 bath being downstairs, along with the family room, bonus room and utility room. This home has a newly remodeled kitchen with slab granite counter tops and stainless steel appliances, a walk-in pantry and a kitchen dining area. There is also a formal dining room and living room with a gas fireplace. This home has a two-car attached garage and a one-car detached garage in the back, along with room to park an RV or boat. The home was built in 1993 and has a cedar shake roof, which was common for 1980-1990s homes, but it has been well maintained and looks like it is in very good shape. Additional features found in this home are hardwood floors, forced air natural gas heating, gas cooking, gas fireplace, security system, deck in the back off of the main level, vaulted ceilings, and a walk-in closet in the master bedroom. This home is priced at $409,000. Its estimated market value is $420,000-$471,000, and its tax assessed value is $414,000. Considering the size, floor plan, updates, location and price, this Gig Harbor home earns this week’s pick as a Best Buy Home for Sale in Gig Harbor, WA.  For additional information and to see photos of this home, click on the image below.

Click here for additional info

Gig Harbor Homes – Best Buy Pick

This week’s selection as a best buy home for sale in Gig Harbor goes to a 2002 built, 4 bedroom, two story home on .628 acres located at 6612 84th St Ct NW, Gig Harbor, WA 98332, in the Rosedale area of Gig Harbor.  The street this home is located on is a gated neighborhood with approximately 16 newer homes on the street, a couple of miles from Gig Harbor High School down Rosedale Street.  This Gig Harbor home has 3238 square feet of space, with all four bedrooms upstairs and a bonus room.  Downstairs has an open floor plan kitchen with granite counters, a center island, stainless steel appliances and a walk-in pantry.  Adjacent to the kitchen is a spacious breakfast nook that is large enough to double as an informal dining room, which leads out to a family room.  There is  a formal dining room, living room and a den/office.  The floor plan is very well laid out and gives one the perception of being larger than its 3238 square feet.  This home has a three care garage.  The back yard is spacious and private with shrubbery and trees offering privacy from the neighbors.  The main entry to the home is actually on the back side end of the home, as the driveway enters from the street with the garage doors facing the next door neighbor and the main entry of the home beyond the garage doors, which makes it a bit unusual, having a side of the home facing the street.  This home is a bank owned home priced at $449,000.  A year ago it was priced at $530,000 before it was foreclosed on.  The assessed value of this home is $495,400, with an estimated market value of $494,291.  There is nothing outstanding about this home, it is just a very well built high end quality home, with plenty of space, in a very nice and quiet neighborhood priced very well for what it has to offer, which is why it makes this Gig Harbor home the best buy pick of the week.  To see photos of this home and additional details, click on the photo below.

Click on Photo for Additinal Info

Gig Harbor, Key Peninsula, Kitsap & Bainbridge Island Home Sales May 2011

Here are the number for homes sold (completed transactions) and offers being made on single family homes for the Gig Harbor, Key Peninsula, Kitsap (Port Orchard, Bremerton, Silverdale, Poulsbo, Kingston) and Bainbridge Island Real Estate markets for May 2011.   The figures do not take condominiums or multi-family properties into account, only single family homes.  Offers being made on homes in May had a modest increase in Kitsap, stayed relatively the same on Bainbridge Island, Gig Harbor had a bounce back up from a dismal April and the Key Peninsula saw a significant drop to an already struggling real estate market.  Closed transactions in May showed a small increase in Kitsap and Bainbridge Island, but a drop in Gig Harbor and the Key Peninsula as a result of the decrease in offers being made on homes for sale the previous month.   I’ve included February’s, March’s and April’s numbers in order to show the general trend in how the real estate market is doing in each of the 4 areas.  It is difficult  to discern any defined trend in the real estate market other than the more expensive homes in the $600,000 and higher price range suffering the most from very sluggish sales, with homes in the $300,000 and under price range showing the strongest numbers, other than in Bainbridge Island which has a higher mean price range of homes.  One thing is for certain, the flood of bank owned homes on the market, along with not enough buyers to decrease the available inventory of homes for sale, will have a continuing drag on home prices for the foreseeable future.  Homes are currently selling for roughly 2003 market value.  Great if you are in the position to buy a home, not good if you need to sell your home and purchased it any time after 2004 and/or have taken equity out of your home by refinancing  or through a second mortgage/home equity line of credit.

* The numbers in parenthesis are for April, March & February respectively

May 2011 …………………….Closed Sales……………………Offers Made

Kitsap County

$300,000 & under                142(160/133/104)               194(174/199/147)

$300,001-$600,000              37(21/33/27)                       39(51/42/27)

$600,001-$900,000               2(3/3/1)                             6(2/4/7)

$900,001-$1,200,000            0(0/0/0)                              1 (2/0/1)

above $1,200,000                 0(0/0/0)                              0(0/0/0)

Totals                                 181(160/169/132)          240(229/245/182)

Bainbridge Island

$300,000 & under                 5(5/4/1)                            8(7/0/3)

$300,001-$600,000              13(11/18/11)                     21(16/15/12)

$600,001-$900,000               4(4/7/2)                           6(11/6/7)

$900,001-$1,200,000            2(0/0/0)                           1(2/1/0)

above $1,200,000                 1(1/2/2)                           0(1/2/3)

Totals                                 25(21/31/16)                36(37/24/25)

Gig Harbor

$300,000 & under               12(16/18/16)                     35(13/28/29)

$300,001-$600,000             23(27/15/10)                     32(26/35/19)

$600,001-$900,000              3(4/6/5)                           7(7/5/5)

$900,001-$1,200,000           1(0/3/3)                           0(0/0/0)

above $1,200,000                0(1/0/0)                            0(0/1/0)

Totals                                39(48/39/34)                 74(46/69/53)

Key Peninsula

$300,000 & under                 12(20/15/13)                   9(19/28/22)

$300,001-$600,000               0(1/1/5)                          6(0/2/0)

$600,001-$900,000               0(3/0/0)                          0(0/2/1)

$900,001-$1,200,000             1(0/1/0)                          0(1/1/1)

above $1,200,000                 0(0/0/0)                          0(0/0/0)

Totals                               13(24/17/18)                15(20/33/24)

GIG  HARBOR HOMES FOR SALE – BEST BUY

This week’s best buy for homes that are for sale in the Gig Harbor, WA area  is a two story 4649 square foot home with3 bedrooms, 4 1/2 bathrooms  on .793 acres located at 3821 51st Ave Ct, Gig Harbor, WA 98335.  This Gig Harbor home is located off of East Bay drive and has a water view of Wollochet Bay.  The home was custom built in 2008 and is bank owned.  It is vacant and has never been occupied.  The only way to describe this home is GRAND.  It’s exterior has some beautiful textured rock facing, four balconies and a covered deck  and large poured patio.   The most striking feature of this home is the grand staircase as you enter the home, which ascends and splits to the left and right, taking you to a open hallway which looks down on a great room with 20 foot plus ceilings.  The kitchen has some beautiful cabinetry along with granite counter tops and a walk-in pantry.  The styling of this Gig Harbor home has a strong European flair to it.  Some additional features of this home include three gas fireplaces, ceramic and hardwood floors, built-in central vacuum, security system, wet bar, wine cellar and of course the fantastic view of Wollochet Bay.   This home is priced at $749,000.  It’s estimated market value is $790,834,  and tax assessed value at $755,800.  Based upon the foreclosure documentation, it looks like it cost around $900,000 to build this home.   If you are looking for a Grand home with some stunning European styling and a water view, I would have to recommend this Gig Harbor as one of the best deals out there right now in the $800,000 to $1,000,000 price range.    For photos and additional information on this home, click on the photo below.

Click on photo