The Canterwood Community of Gig Harbor

The Canterwood Community of Gig Harbor

 

As I’ve indicated previously, Thursday is tour day for new listings in the Gig Harbor area.  Actually I intended to get this posted then but time expired before getting to it.  Consequently, it’s happening today. 

With this posting, my focus is on the gated community of the Canterwood area of Gig Harbor.  In viewing this area, there are a number of very interesting observations one can make.  Since they are my observations, it probably is more appropriate for me to say, “observations I can make,” which include:

·        When Canterwood was originally planned, the nearest services were either in the town of Purdy to the south or in Gig Harbor property to the south.  Today, a major shopping center including a Home Depot, Albertsons, a grocery store, Costco, McDonalds, a Target store, and several banks are located nearby.  A Hospital serving the entire harbor area was also built close by. 

·        Several years ago I imagined this gated private community would truly blossom.  It has.  But not necessarily for reasons I would have thought. 

Amenities of the area as noted on their website, http://www.clubcorp.com/Clubs/Canterwood-Golf-Country-Club, include, “Canterwood Golf & Country Club is the centerpiece of Gig Harbor and features a Robert Muir Graves–designed 18-hole 7,175-yard championship golf course. Four tennis courts, outdoor swimming pools, fitness center, outstanding dining and Member events complete the many opportunities to enjoy the private club lifestyle at Canterwood.”

As to the homes in the area, overall there are nearly 700 and expansion seems to be ongoing.  Thus making the opportunity to have a new home a real possibility.  As to the price of the homes, I’m going to briefly talk about homes for sale, homes that have prospective buyers and those where an ownership interest has transferred through the closing of a sale.  In that sense, the following observations can be made from a review of the ensuing statistics:     

As of today, there are 36 homes with an average sale price of $853,515 are available for sale.  Of those, nine of them, 25% of the total, are priced above One Million Dollars and the least expensive home available is listed at $544,900 and the most expensive is at $1,595,000. Accordingly, there is certainly enough diversity to appeal to a broad range of prospects. 

Furthermore, the statistics show that there are 12 pending sales with five of them still pending a home inspection.  Of those, the least expensive home with 1,814 square feet of living area is listed at $569,900 and the most expensive home has 4,845 square feet of living area and is priced at $1.275 Million.  It’s important to note that the ratio of current inventory compared to pending sales indicates there are more homes available then buyers which possibly benefits those prospects considering the area. 

Looking at the closed sales occurring in the last 180 days, there are a total of 18.  Four, 22.2%, exceeded $1 Million and the sales price of one of them was what the home was listed.  The others were purchase 6.8% below the original list price.  Of the sold homes under $1 Million, the average sale price was $668,529 and the average living area was 3,430 square feet.  Again showing that there is a variety of price points available.

Hopefully you have enjoyed reading about the Canterwood community as much as I have n writing about it.  More importantly, I hope your day is filled with opportunity and promise where Blessings are abundant.