The latest stats for 98012 shows a stabilization of sold prices and an uptick of pending & closed sales. I firmly believe the 98012 area will stay relatively stable until the available land is developed. I believe there will be an uptick in price on resale homes on the larger lots with larger sq.ft. since most of the new homes to be built in the near future will be smaller sq.ft. on smaller lots due to many factors.
It will also depend on which part of 98012 you are looking into. Just one of many opinions!