Posted by: matzke | August 20, 2009

What’s going on in University Place, WA

As part of our ongoing quest to understand the real estate market, the gurus at Ticor Title (aka Rene Fabre and Matt Sweet)help us break down data into bite-sized pieces. Below is a Residential Transaction Summary (RTS) that will give you insight on homes in University Place, Washington. Please leave a comment if you like. I will be looking at different neighborhoods throughout Tacoma and Pierce County.

 
Residential Transaction Study 8/5/2009
Project description: market update: University Place 98466… single family dwellings (non-waterfront)
 
monthly market Most recent transaction: 7/29/2009 Market (homes): 3737
month year sales mrkt% $/sqft avg price median
Jul 2009 10 0.3% $138 $388,095 $243,975
Jun 2009 8 0.2% $125 $243,448 $221,500
May 2009 9 0.2% $149 $396,204 $320,000
Apr 2009 4 0.1% $136 $251,750 $257,500
Mar 2009 10 0.3% $132 $318,739 $264,725
Feb 2009 9 0.2% $124 $332,643 $288,502
 
property characteristics
1 story 2954 w/ bsmt 1,194 platted 3,145
1.5 story 171 avg bsmt sqft 1,225 avg lot sqft1 11,228
2 story 603 w/ garage 2,927 unplatted 592
3+ story 1 avg garage sqft 510 avg lot sqft2 17,577
avg % imprvd 48% avg year built 1964 avg bldg sqft 2,172
avg # beds 3 avg # baths 2    
  1avg lot sqft of all platted properties 2avg lot sqft of all unplatted properties
 
 
Ticor Title ITMr2 The data used in this report is deemed reliable, but not guaranteed. Ticor Title cannot be held responsible for any inaccuracies.
© 2004-2009 Ticor Title Renton WA 98057

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