The most active price range continues to be under $250k, and really under $200k for the highest activity. I have seen a majority of first time buyers in the market recently looking to stay under $200k here in the Tacoma area. This is causing a struggle in medium and upper priced homes for sellers. I have a few listings that are really nice homes, but priced above $300k and the activity is way less than the listings below $250k.

As far as type of home, I would tell you that the type is not as crucial as the price. Most are FHA so the condition becomes an issue too. The FHA appraisal guidelines are tough. Most of the people I am helping currently want 3bd 1 1/2 + ba homes with a decent yard for kids, and at least a 1 car garage. One of theses buyers is closing this week on a home for $125k, and this was a home that popped up and we acted so fast the yard never got a for sale sign. Yes it needs a little work, but it was a bargain.

I hope this helped with your question. If not, contact me directly.

All the Best
Jim

Bargain property is selling the best and the better the value (more reasonable), the shorter their market time. According to the Northwest Multiple Listing Service, the median price this June was $235K, with last year's median price at the same time being $265K. Being a seasoned investor who enjoys helping other investors, you understand that buyers living in a home typically will pay more for their dwelling than investors. Our team's criteria in getting into a home (in this buyers market) is MAO (Maximum allowable offer) = 40% x ARV (after repaired value). This is far below the 70% normally asked, but because prices are still bumping around near the bottom, and nobody knows how far down the market will drop (much like predicting the weather), a good cushion must be had going into the sale so you are allowed enough time to rehab the home without going under.