Puyallup, WA Real Estate News

The City of Puyallup's water and sewer revenue bonds have been upgraded from A- to AA by the credit rating agency, Standard & Poor's.  The agency announced the rating today. "This is a huge vote of confidence for Puyallup," said City Manager Gary McLean.  "It reflects on the sound policies of our city council and the hard work of our employees." Read on...
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The City of Puyallup has announced the dates of its Fall Cleanup, where residential utility customers can place extra containers of garbage, yard waste and one major appliance at the curb for pickup.  The annual pickup will take pace in mid-November as follows: Puyallup utility customers on the A Schedule:  November 14 Puyallup utility customers on the B Schedule:  November 21 Appliance pickup November 10-14 Read on...
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By Kevin Tinsley, Washington State Tacoma Seattle VA Home Loans
(VAHomeLoans.com)
Global Banks Unite in Unprecedented Rate Cuts Ben Bernanke and the Fed brought financial aid to the streets, lowering the Federal Funds Rate and Discount Rate by 0.50%. In an unprecedented emergency move, central banks across the globe joined in lowering interest rates. This move follows Washington's passing of the $700 billion Rescue Plan. From Wall Street to Main Street, a common concern has been heard by Washington. "We need money... no, let me rephrase that...we need cheap money." Rates Could Rise From HereHome loan rates have benefited from the weakness in the financial markets. Fixed rate mortgages remain very attractive. However, the Fed lowers short term interest rates to shore up financial markets. This could cause home loan rates to rise in the coming weeks and months if conf...
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The City of Puyallup Emergency Management Department will be testing the Puyallup Phone Alert System beginning at 10 a.m. on Tuesday, October 14.  The "Reverse 911" program makes automated calls to citizens to notify them of emergency events and alerts. "If this was a real emergency or crisis situation, this "Reverse 911" call would relay detailed instructions of how to proceed and prepare during the crisis," said Merle Frank, Puyallup's Emergency Management Director. Read on...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
The Puyallup market has mixed reviews for the month of September 2008. For the first time this year, sales cracked the 100 homes sold and 10% of listed homes sold in September. Pending sales were also up in September as compared to previous months. On the flip side, the median sales price dropped $19,000 from August to $249,950 and the average sales price dropped $20,000 from the August average. If buyers continue to gain confidence and more homes are sold, we should see the median sales price increase in the coming months. However, if buyers fall back into the "fear of the market crashing" mentality, then we will see drops in sales and in prices. Being that the holiday season is just around the corner, it will be interested to see what happens in the Puyallup market in the coming month...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
Hey all you coffee drinkers in the Puyallup area. The Solinsky Home Team has requested to continue the 2 for 1 drink special at Forza's on South Hill for the month of October. Guess what? They will do it! In the month of October, visit this location and receive 2 drinks for the price of 1. All you have to do is mention the Solinsky Home Team sent you and you get the 2 for 1 special!  Forza Drive Through is located on Meridian near 128th in the Rite-Aid/Goodwill parking lot. Drive Through today and pick up your Forza's!     The Solinsky Home Team at Keller Williams is committed to building community through the real estate business. We enjoy parternering with other locally-owned businesses to provide discounts for our clients and friends. Be part of our community and tell others about t...
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When Washington State's Community Economic Revitilization Board (CERB) told the City of Puyallup last Thursday that they came in Fourth Place for the State's LIFT (Local Infrastructure Financing Tool) grant, and would not be awarded $1 Million to connect Puyallup's downtown core with South Hill, a collective sigh could be heard from City Hall. The City's deflation has turned to elation today according to City Manger, Gary McLean, as the CERB has moved the City of Puyallup into Third Place ahead of the City of Vancouver, awarding Puyallup with the $1 Million grant they were hoping for. Read on...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
The Puyallup real estate market hit some strides this past week, be it small strides, but strides none-the-less. Residential pending sales were up and closed sales quadrupled from the second week of August. Most of the sales took place in the $200,000 - $299,000 range, located on the far south end of town. Maybe with the Canyon Road expansion and the project underway on 94th, combined with the new strip mall developments on Meridian, south of 152nd, buyers are finding deals and finding that traffic isn't so bad. With a new Target, Wal-Mart and other shopping lining the streets of Meridian, the far South Hill is more self-sufficient than it was even a year ago. Home values continue to decline in that area as well and it appears buyers are finding the deals they need to get in "buying" mo...
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August statistics just released by the NWMLS show another modest increase in the median home price. The median home price for Puyallup ended August at $266k - still, a 10% drop in year-to-date appreciation. Today's news in the financial market - namely Lehman Brothers going bankrupt, Merrill Lynch being sold to Bank of America, and the possible restructure of AIG - will likely cause mortgage banks to further reassess risk. What this means is less money to lend to fewer people; less money to fewer people will mean fewer homes selling and the continued erosion of equity in Puyallup real estate. Read on...
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July statistics just released by the NWMLS show less than a 1% increase in the number of Active homes for sale, and less than a 1% decrease in the number of homes Sold, from June to July. This gives us more than a 10 month supply of homes (4-6 months being a balanced market). Just 102 homes Sold in the month of July, which is a 42% decrease YTD. The Median Home Price rose to $264k, representing an 8.3% decrease in YTD appreciation. Read on...
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The "Bee Boppin' Bugs Concert" at the Puyallup Public Library on Friday, August 15th at 3pm is a free concert starring Nancy Stewart, and is part of the 2008 Summer Reading Program. Children between the ages of 0 and 12 years old are encouraged to "Catch the Reading Bug!" this summer. Every child who reads (or is read to) 10 hours or more this summer will get a free book and a ticket to Northwest Trek/Pt. Defiance Zoo & Aquarium and other goodies. Read on...
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Kids of all ages are invited to the Puyallup Public Library in downtown Puyallup this Saturday from 10am until noon to "chalk the walk" with their doodles and drawings. There will be several artists on hand to help them out. This event is free and chalk will also be provided. Read on...
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By Jason Mook
Marcie K, our resident expert on all things green, just dropped a great post on farmers markets. Here's a taste... Now that summer is officially here, the local Farmers Markets are in full swing! Farmers Markets are great to find local and organic produce. In my last post, I discussed Organic Foods and how to better understand what Organic foods you should or shouldn't bother purchasing. Farmers Markets are a great place to be green and discover what is organic and local in your neighborhood. Read on...
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By John Hurlbut
(Keller Williams - Puyallup)
Well, for those of you living in the Master Planned Community of Sunrise for the past couple of years, you will have noticed that some unscrupulous individuals made it their life's mission to drive over some trees in the median of Sunrise Boulevard.  It was really sad to see the tire marks through the grass and the stumps left over from the destruction. Earlier this Summer, landscaping crews came through and replaced many of the trees.  Sunrise Boulevard is finally looking the part again.  Now if we can figure out how to keep people out of the median until these trees are large enough to stop a car, we'll be doing good! Also, for those of you that live in, or travel through Southwood Estates, you'll also notice that on 168th and 170th landscaping crews have come through and planted tree...
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By John Hurlbut
(Keller Williams - Puyallup)
As if commuting on South Hill wasn't tough enough already!  The pain eventually will be worth it though.  As many of you know, Pierce County and the City of Puyallup are working together to expand 94th Ave. E. to four lanes with a turn lane between 112th St. E. and 136th St. E.  This will significantly open up North/South traffic on South Hill.  However, in the mean time, they've got to get the project done.  The county's portion has been widened and retaining walls have been built.  You can now see how the new road will look in comparison to the old.  However, starting next Monday and continuing for two weeks, 94th Ave. East will be CLOSED for construction.  If I had to guess, they'll be moving telephone and electrical services during this time.  So make note and plan for additional de...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
The third week of July in the Puyallup Real Estate market can be marked by steady consistency. Pending sales rose for the third consecutive week, which is a sign more buyers are out there and more are making offers on homes. Sold listings remained the same from week 2 to week 3 of July in Puyallup. More homes were on the market in Week 3 of July as well. With more homes on the market and the same number of solds, it appears the Puyallup real estate market is moving slightly in the buyers direction this week. The increase in pending sales is off-set by the increase in active listings. Homes priced in the $200,000 - $260,000 range reported the most solds and the most pendings in week 3. The highest price sale this week was $415,000. When searching for homes and/or looking to sell your hom...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
Puyallup residential real estate pending sales were up from the previous week, which is a sign the real estate market in Puyallup is making the turn towards a sellers market, however it has a long climb to get there. Buyers still have a significant advantage when purchasing in Puyallup. Oftentimes, sellers are paying the closing costs for buyers as an incentive to get a buyer to make the purchase. Some sellers are even providing downpayment assistance, in an FHA program such as Nehemiah or the Grant America Program. Several other grant programs are FHA and HUD approved and can be found on the FHA Grant website. Many buyers are finding homes that are bank owned or in pre-foreclosure. These properties can typically be purchased for under market value as banks are trying to rid themselves ...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
Looking for convenience on Puyallup's South Hill could not be easier than a quick drive into Pit Stop Express. Located just off the freeway on South Hill Park drive, next to Bethany Baptist Church, Dennys, and Holiday Inn Express. Directions Pit Stop.     When you pull into the parking lot you will find lots of other people like to use the convenience of this location as well. Surprisingly, service is quick and easy as should be expected at a Pit Stop. They want to get you back on the road as quickly as possible.     Drive right up to the front door and run inside to grab a Red Bull, fill up a fountain soda, or use the restroom (always kept clean).   As you can see the car wash service is touch free. No bristles touching your car to make those nasty scratches you can never get out. You...
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By Brian Solinsky, CDPE, CNE, ABR
(Keller Williams Realty)
Puyallup real estate continues to see more activity. Following a June that witnessed the most solds in a month so far this year, the first week of July continued to show an increase in activity. There were three times as many solds in the first week of July as compared to the first week of June 2008. Interestingly enough the number of active listings in Puyallup dropped from 980 in the first week of June to only 904 in the first week of July. The trend developing is fewer homes on the market and more people buying homes, which tends to lead to an increase in market value. Continue to watch what happens throughout the summer to see if Puyallup remains on the road to a more balanced market. For more information about specific neighborhoods in the Puyallup and Pierce County area, visit the...
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By Ron Brown NMLS #270845
(NMLS ID: 40831)
As has become our family custom, we headed over to Crystal Ridge to visit my in laws, and enjoy the neighborhood's unoffical fireworks display/competition for the 4th of July.  We were a bit apprehensive this year as much of the local TV news had been focused on how tight the economy was, and the negative effects for fireworks sales.  We were all hoping that we would still see good participation from a neighborhood that has gotten to be quite well known for having some awesome displays that rival some of the local commercial events. Our family was also entertaining some out of state visitors.  My mother in laws best friend growing up was in town from Arizona for a few days after having taken a cruise to Alaska with her sisters.  She was very excited to see the displays because the hot d...
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