New construction is blending with the classic Craftsman style homes that characterize Tacoma on the Sound. Local Realtors say sales are slowing but still brisk for the spring.

"Older Craftsman style homes are greatly in demand," says Realtor Sandra Wade, "with many investors remodeling the interiors to update for today's living style."

"Buyers still have a chance here to find a lot for their money," says Wade. "The areas are going through revitalization and new construction, too.

Says Realtor Tracey Kosenski, "Listings in Pierce County and Tacoma have been steadily increasing since the beginning of the year. Average market times are 70 days. The majority of homes being sold right now are in the $200,000 to $315,000 price range. However there are lots of choices out there for first-time buyers who are willing to do a little fixing up and start out with smaller square footage. The key is to get preapproved and educate yourself about the market, get to know a good REALTOR®, they are going to be your best source for keeping up with new listings and your strongest advocate when you find the right home. They will be able to guide you through all the ins and outs of financing, title, inspections and contracts."

"The greater Puget Sound area between Seattle and Olympia is one of the most dynamic locations in North America," suggests Realtor Fay Ainsworth. "Homebuyers can find million-dollar Sound and mountain vistas at affordable prices located within easy commuting distance of major metropolitan areas like Seattle, Bellevue, Tacoma and Olympia. Waterfront, lakefront, gated and golf course properties, recreational lots, equestrian acreage and vacation retreats are all available.

Ainsworth explains, "Locally the Puget Sound economy has faced a series of economic challenges, however, the local real estate market continues to expand. Residential real estate sales in the 4th quarter of 2003 continued to outpace the sales from the same period in 2002. Although the current market inventory is quite low, expectations for a very strong first quarter are optimistic, as sellers list their properties for spring sales. Interest rates are still low and housing demand continues to grow, especially in the more affordable price ranges."

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Published: May 18, 2004

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