Canterwood Market in Gig Harbor, Washington

Since my last posting of Northwest Multiple Listing data, the activity in the Canterwood community of Gig Harbor includes:

The property at 13216 Bracken Fern Dr NW is new to the market. It is listed at $795,000. It has a 2010 assessed value of $648,100 and was last on the market in 2008 at $999,950. That listing was later reduced to $819,000. It seems it was last purchased in 2007 in a foreclosure action at $575,300.

4914 Foxglove is back on the market. It had had a pending sale originally reported February 19th. It is listed at $949,000. It had been reduced $30,000 on the 7th of February, 2011. Its 2010 assessed value is $641,400 and it was last sold as a vacant building site in 1994 for $161,010.

The listing at 12518 Tanager DR NW has been reduced $48,000 and is now at $1,200,000. It’s the second price reduction since coming on the market August 22, 2010. It had initially come on the market at $1,289,000. Its 2010 assessed value is $848,400 and it was last purchased in 2008 at $1,290,000.

Originally purchased in 2008 for $682,500, the property at 4712 Towhee was reported pending February 22nd. Currently it is listed at $459,000 and is indicated as a short sale. Originally it came on the market at $749,950 on August 18, 2008. The 2010 assessed value is $576,600.

4807 Old Stump also has a pending sale. Actually, it appears a contingent offer reported on December 20th, 2010 has now become a pending sale. That occurred on February 22nd, 2011. The 2010 assessed value of this home is $684,400 and it was last purchased in 1998 for $517,000. Originally it was listed August 31, 2010 at $607,000 but was later reduced to $560,000.

After 679 days on the market, the new construction at 12311 Osprey is also being reported as pending. It had originally came on the market in 2007 at $950,000, a price that was increased to $995,000 for a short time, but was last reduced to $650,000 on the 24th of February. The 2010 assessed value is $753,400. As of January 5, 2011 the property became bank owned.

Another bank owned property at 5216 Old Stump is also reported pending February 24, 2011. It is listed at $319,900. The home was last purchased at $276,500 in 2000 and the 2010 assessed value is $347,400.

The only Canterwood closed sale reported was a vacant lot on Osprey that sold for $149,950.

On the bright side, while not specific to the Canterwood area or Gig Harbor, I've personally had huge turnouts for my open houses the past two weekends. What was most interesting though, it seemed the majority had homes already on the market and were looking to move up or they had already made plans to get existing homes on the market. Honestly, it’s been a while since I’ve seen that type of response. Nonetheless, it was very positive.