FOR IMMEDIATE RELEASE: 2/7/2018
New Study Reveals Giving Back to Communities Increases Home Values, While Making Win-Win For All
Tacoma, Feb 7, 2018 — Want to increase home values while living a better life? Give back. Per recent studies from Homes on the Sound, is doing community based activities is a significant contributor to increasing home values.
“There’s even a warm and fuzzy feeling that comes with strengthening your community. We are going to make the Puget Sound the most desirable place to live on the West Coast, one community at a time. Right now, we are focused on Northeast Tacoma, and more specifically, the greater Browns Point & Dash Point areas; all while partnering with other realtors in neighboring communities.” David Berg, a managing real estate broker, said in a statement.
So, how does giving back increase home values? “It all simply goes back to supply and demand. When you focus on making the community more desirable, this creates a demand for people who want to move to NE Tacoma. When demand goes up, and supply goes down (or remains the same) prices will rise. Right now, with the help of a private Facebook group, called Friends of NE Tacoma/Browns Point, there was a Holiday Lights Competition, where the winners received over $1,000 in prizes for the best decorated home. “This is creating a lot of buzz and we expect even more decorated homes, next year.”, said Berg. We have our local Safe Streets meetings to keep the community safe. Recently, we hadthe Argosy Christmas Ship Festival, which visit the Browns Point Improvement Club and Dash Point Pier, each year”, said Berg.
In NE Tacoma, the median sold price by month has increased 43% since just two years earlier, in January 2016. Housing inventory currently sits at 0.8%, which makes this an Extreme Seller’s Market, generating multiple offers on almost every offer. This means that if no other property came on the market, in the 98422, it would take 0.8% of a month for all homes to sell, including the extremely overpriced ones. In events where housing inventory, is less than 3%, it is considered a Seller’s Market; from 3% to 6% is a Flat (or Healthy) Market; and 6 or More months is deemed a Buyer’s Market.