Maria Kalafatich Luxury Real Esate Gig Harbor

BIGGEST HOUSING TRENDS HEADING INTO FALL 2024

Did you Know 9-24
Watch this insightful video featuring Stefani Berkin, president of R New York, as she joins the TODAY show to discuss the recent landmark settlement involving the National Association of Realtors. Berkin breaks down what this pivotal decision could mean for both buyers and sellers, offering her expert perspective on how it may impact the real estate market moving forward. Plus, she shares her insights into the biggest housing trends we can expect to see this fall.
Gig Harbor Market Update September 2024

MORTGAGE RATES UPDATE

NEIGHBORHOOD SPOTLIGHT: POINT FOSDICK

Pt Fosdick 1

Located on the southern tip of Gig Harbor, Point Fosdick was initially used as a ferry route from Titlow Beach in Tacoma starting in 1928. Initially called Highway 14, Point Fosdick Drive extended all the way to Gorst and on to Shelton WA. When Galloping Gertie was built, traffic shifted to what is now Hwy 16 which lasted barely 6 months before the bridge collapsed on Nov 7th 1940. The Ferry service was brought back until the Narrows Bridge could be re-built.

Pt Fosdick 2

Point Fosdick is also the location of the Tacoma Narrows Airport which features an FAA Contract Tower and is used by private plane owners and business jet travel. The Hub Restaurant is located right on the tarmac and a great place to watch planes fly in and out of the airport.

Pt Fosdick 3

Some of the most highly desired waterfront is located along the western shores of Point Fosdick with panoramic views of the Olympic Mountains, Hales Passage and Fox Island. This stunning waterfront home recently went on the market, featuring breathtaking panoramic views of Wollochet Bay, the Olympic Mountains, and Fox Island, all from its private "no bank" sandy beach. The lush lawn leads to the boat house, creating the perfect setting for outdoor entertaining. This NW Contemporary estate features modern touches, fresh updates, and expansive windows that capture every sunset.

Pt Fosdick 4

GIG HARBOR SPORTS COMPLEX

The City of Gig Harbor & the YMCA are in the process of developing a new Sports Complex next to the existing YMCA, a project in motion since the City Council approved the purchase of land in December 2017. Over the past five years, the city has allocated $10.5 million through various funding sources to bring this complex to life. The city has also made significant strides in planning, securing funding, and maintaining the vision, with completed master planning, the engagement of engineers for further studies, and partnerships such as the lease agreement with the YMCA for two lit, synthetic turf fields under Phase 1A.

The Gig Harbor Sports Complex Phase 1B project is fully funded with $5.2 million included in the city's 2023-24 budget. Phase 1B will include restrooms, concession building, picnic shelters, event lawn, Bocce ball courts, pickle ball courts and additional parking.

Phase 2 & 3 are not funded yet but will include additional sporting fields. This ongoing commitment highlights the city's recognition of the importance of providing high-quality, lit synthetic fields for the community's youth, ensuring the project continues on schedule with proper funding, staffing, and partnerships in place.

ARCHITECTURE & DESIGN

Realtor.com featured a captivating blog showcasing 10 of the most expensive homes currently for sale, including a remarkable 87-acre estate on Washington’s San Juan Island, priced at an astounding $58 million. This luxurious property boasts unparalleled views of the Salish Sea and Mt. Baker, beaches, and lush greenery, offering a true retreat from city life. The estate includes multiple residences, a guesthouse, and expansive outdoor spaces, all designed to take full advantage of the serene island setting. It’s a stunning example of high-end real estate at its finest!
Conde Nast's recent blog titled "11 Great Girls Trip Destinations, From Antigua to Montauk" highlights the perfect getaways for a memorable girls’ trip. The list spans a range of vibrant destinations, from the sun-soaked beaches of Antigua to the charming coastal town of Montauk. Each location offers something special, whether it's luxury resorts, spa retreats, vibrant nightlife, or serene escapes. Whether you're seeking adventure, relaxation, or a bit of both, these handpicked spots are ideal for creating unforgettable experiences with your best friends.

HOME VALUATION TOOL

Interested in maximizing the value of your home? Homebot is a financial technology platform that allows you to make informed decisions about your mortgage, home equity, and overall financial situation. By providing tailored market trends, property values, and mortgage rates, Homebot can help you manage your finances more effectively. Whether you are looking to refinance, tap into your home equity, or optimize your mortgage payments, this is an essential tool for all homeowners. Sign up here for free!

For additional information or any questions with regard to the current market or if you are interested in a no obligation valuation of your home, please feel free to contact me anytime and as always, I appreciate your referrals!

Maria Kalafatich Gig Harbor Luxury Real Esate

READ OTHER ISSUES OF MARIA'S LUXURY NEWSLETTER!

Summer is here, let’s go boating!

By Maria Kalafatich | August 19, 2024

SUMMER IS HERE, LET’S GO BOATING! August is a great time to get out on the water and […]

Read More

Gig Harbor Lighthouse: Did you know?

By Maria Kalafatich | July 15, 2024

GIG HARBOR LIGHTHOUSE Located at the entrance to the harbor and standing 15 feet tall, the lighthouse was […]

Read More

Neighborhood Spotlight : Downtown Gig Harbor Washington

By Maria Kalafatich | June 19, 2024

NEIGHBORHOOD SPOTLIGHT: DOWNTOWN GIG HARBOR Recognized for its quality of life by Coastal Living Magazine, this picturesque harbor […]

Read More