Recorded investor purchases and holdings over the past year.
Data last updated
In Spanaway, investors own about 61 tracked properties across 22 active buyers, with a median investor purchase price near $315,000. 24 were acquired in the last 12 months.
The trend is upward: 24 purchases this year against 7 last, about 243% more. Expect contracts to move faster and price expectations to firm up.
The dominant play is value-add / rehab, at 59.3% of tracked activity. Buyers geared for renovation will look at stock that would not trade in a new-construction market.
Investor-held stock here dates to a median of 1977. 59.3% of the stock is pre-1980 — budget for older wiring, plumbing and the paperwork that comes with it.
Activity is not spread evenly. ZIPs 98387 and 98445 are absorbing the most investor purchases in Spanaway, and they are the fastest place to start a buyer list before working outward through the rest of the city.
There are 22 buyers paying cash in Spanaway today, against a standing position of about 61 properties. Fewer than 1.1 purchases per buyer over the past year means buying is thinly spread, so breadth of outreach matters more than any one contact.
Half of investor purchases here close below $315,000. Because the average runs to $762,000, this market has two populations: a broad base near the median and a thin band of much larger deals.
All figures above reflect recorded transactions in this city and update as records are processed. Past activity only — nothing here is a forecast or investment advice.