If you have been watching the South Sound housing market, you have undoubtedly noticed that the market is very busy. The area and economy are growing briskly, migration from the South West (among other areas), is pushing the population beyond planners expectations, and prices are going up. What real estate investors call “upside potential” is great.
The economy on this side of the mountains is strong. We are seeing a large migration of jobs and people relocating to the Tacoma/Olympia area. A great example is the Developing Lacey industrial park, and Boeing’s growth in Pierce County (and of course JBLM). If you visualize development coming south from Seattle, the leading edge of that development is right now surrounding JBLM, both in the Tacoma and Olympia areas.
Although housing inventory is low, and prices are appreciating….there are still plenty of opportunities out there…they come on the market every day. The key to being an effective home buyer in a market like this is knowing what you want, and being prepared (along with your Realtor) to jump when the right home comes along. You will be putting your best foot forward when you are confident and knowledgeable. A good Realtor helps too….
As you start the house hunting process, whether you are local or looking long distance, it is critical that you educate yourself about the market. I like to start looking for/sending listings several months before you are ready to buy. The education that you receive by going thru the process will help you to recognize a good deal when you see it, and expose you to everything that is out there with time to absorb it all.
If you would like to learn more about buying a home in the JBLM area, whether you are already here or are en-route, please let my staff and I know. We have lots more info available by email and a fantastic relocation packet that consists of a box full of material provided by JBLM and the State.
Phil is the Owner and Broker at Phil Sharp Homes LLC
and is also an experienced developer/builder in Thurston County.
TAGS: home buying, housing market, JBLM, JBLM area, jblm housing, Olympia, olympia housing market, Realtor, Tacoma, tacoma housing market