Open House
Welcome to Open House, a News Tribune blog on the real estate industry and its curious musings, gossip and yes, even facts and analysis.


The blog will focus on the South Sound, state and national housing and rental markets, as well as cool Web sites, weird real estate trends and warnings about scams.

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More real estate blogs:

Rain City
Seattle area real estate blog

Seattle Bubble
Real estate and the housing bubble

The Real Estate Blog
National scope

Inman News
(National real estate news/research co. with a blog)

360 Digest
Seattle-area blog on real estate, art and politics.

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Tacoma and South Puget Sound Real Estate Blog
Wednesday, January 16th, 2008
Posted by Devona Wells @ 06:20:48 am

I won’t have the full roundup from the Northwest Multiple Service on home prices and sales for 2007 until next week. But I do have some numbers broken down comparing last year to 2006 for the 17 areas in Pierce County tracked by the MLS.

So let’s take a look at how condominium sales fared.

Year-over-year, the median price of a Pierce County condo increased by 2.9 percent to $218,560 and sales were up 4.7 percent. Notable standouts on sales activity included Puyallup (+33.6 percent to 286 units), Parkland (+115 percent to 86 units), Central Tacoma (+44.3 percent to 101 units) and North Tacoma (-32.2 percent to 166 units).

Here’s how prices shook out. (I excluded areas that did not record more than 10 sales for the year.)

Area Price Year-over-year change
Gig Harbor $292,000 -12.4%
Bonney Lake $230,470 +5.2%
North Tacoma $239,950 +15.1%
DuPont $223,743 +4.1%
South Tacoma $193,000 -12.9%
Southeast Tacoma $196,000 -33.3%
Parkland $207,950 -1.0%
Fife $233,500 +4.3%
Puyallup $201,500 +8.5%
Central Tacoma $300,000 +1.2%
Browns Point $247,475 +4.2%
University Place $215,000 +8.2%
Lakewood $179,000 -2.8%