Ever hear anyone say, “If you want a deal, buy a fixer-upper”? How accurate is that? When it’s slow and hard to sell a property, fixer-uppers can be a bargain and often sell for less than asking price. But, our market isn’t slow right now. If you’re trying to buy a home and frustrated because all the investors are “getting a deal,” think again. Over half of the fixer-uppers sold at or above list Continue Reading
Market Report – February 2019
Looking at market trends sometimes only yields facts; however, look deeper and those facts can indicate useful trends. In February, there were 277 3 & 4-bedroom (BR) home sales, while there were only 113 sales of 1, 2, 5, & 6 BR homes combined. First, if you’re a home buyer, your main competition is for 3-4 BR homes. Can you do with more or less than 3-4 BR? If so, you may have a better Continue Reading
Market Report – October 2018
Despite rising interest rates, the Spokane market is still active. In October, sold properties averaged 36 days on the market, which has held steady since April. Just like food has a shelf-life that’s good up to the expiration date, homes for sale also have a “market-life,” if you will. This year, expired listings almost had double the average days on market of sold properties each month. In Continue Reading
Fall 2018 – Green Bluff Newsletter
Market Report – August 2018
Playing the Odds One interesting real estate statistic is the “odds of selling,” which indicate the chance of a successful sale. For August 2018, the odds of selling are 58%. If you list your house for sale, there’s a decent possibility that it will sell. Conversely, there is a 42% chance that it will not sell. Obviously, not every property reaches the closing table. What makes the difference? If Continue Reading
Market Report – July 2018
Chasing the Market – “Catch me if you can.” At this time of year, an overpriced listing in a market that is about to experience seasonal depreciation in values can be a slippery slope. When values are appreciating, the market may just need time to catch up to the price. For instance, in late winter or early spring, property values tend to appreciate, usually reaching their peak in June or July. Continue Reading
Summer 2018 (Article #2 – Market Update “The Halfway Point”) – Green Bluff Newsletter
Real Estate Market Update - Summer 2018, The Halfway Point At the halfway point for the 2018 Spokane real estate market, we are seeing unprecedented appreciation in values and an extremely active market overall. Stats for the overall market are measured by properties under one acre in the Spokane area, which are mostly urban and suburban homes. Property values in 2017 increased about 11% from Continue Reading
Summer 2018 (Article #1 – Save the Date!) – Green Bluff Newsletter
Save the Date! (see article below calendar) Save the Date! Green Bluff draws people from far and wide to enjoy what it has to offer. How do people find out what’s happening in Green Bluff? Most people search on the internet for Green Bluff activities and then have to sift through results hoping to find something. Hundreds of people visit my real estate website www.codykerr.com each month. Continue Reading
Green Bluff Cherry Pickers Trot Update
The Green Bluff Direct Marketing Association has released an update about ROAD CLOSURES for the Cherry Pickers Trot on the evening of Thursday, July 19th. See the update below. Continue Reading
Market Report – June 2018
Keep your senses! Thinking of buying a home? In this market, buyers are trying to make their offers more appealing. One tactic is to present an offer above the list price. Not a bad move, as many sellers find more money appealing. But, cost can be more than dollars. Some buyers are “over paying” by mistakenly waiving protective contingencies just to get an offer accepted. Foregoing inspections, Continue Reading
