At the July Chamber of Commerce luncheon, Gig Harbor native and developer of the Uptown Shopping Center, John Hogan spoke optomistically about signs of the approaching end of the recession. Calling them "economic green shoots" he pointed out numerous early indicators that the mood and confidence in the nation was beginning to change.
Yesterday the AP revealed another "economic green shoot". For the first time in a long time there has been a quarterly increase in the index of home values nationwide. Though still nearly 30% below the values in 2006, any sign that the free fall in home prices is slowing is excellent news.
Another very positive sign is the recent increase in inquiries by developers about vacant land in the Gig Harbor area. There is great interest in creating new lifestyle neighborhoods to match the unique Maritime and historic ambience of "The Harbor". One of the very attractive amenities that developers have in their sights is the Cushman Trail. When complete the trail will provide a scenic connection all the way from the Narrows Bridge to the Uptown Shopping Center.
Bordering on the trail, I currently have three different listings with amazing residential development potential totaling over 52 acres. Each is located in the city limits and very nearby all of the most desireable features of Gig Harbor. For more information please contact me through my blog or at Karin Kay Properties.
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