HOUSING CHARACTERISTICS SUMMARIES To better capture housing characteristics in the Green Bluff market, a survey over the last five years of Spokane Multiple Listing Service (SMLS) sales on 1 acre or more was performed. Site Size Distribution Site sizes range from 1 - 456 acres; the median site size is 8 acres. Most of the sites in this neighborhood are between 5 acres - 10 acres. House Continue Reading
Green Bluff Real Estate Newsletter – Winter/Spring 2023 – Year End 2022 Review
2022 Market Summaries Spokane Market Summary How low can you go? Real estate limbo, anyone, anyone? Bueller? For the first time in years, sale prices are going down, not up. The market was hot. . .or, rather, frenzied. Prices were great for sellers. But if you were staying put, the price increases raised property taxes, putting a pinch on the pocketbook like never before! Buyers? Good luck Continue Reading
Green Bluff Real Estate Newsletter – Winter/Spring 2022 – Year End 2021 Review
** Interested in a quick snapshot of Green Bluff Real Estate? Go to the end of the post to see market statistics and a link to an interactive map of 2021 Green Bluff sales. Or you can jump right to the Sales Map here: https://rpubs.com/CodyKerr/856538 ** The Northwest's Best Kept Secret.......Being Discovered “Good things come to those who wait.” But have you Continue Reading
Green Bluff Newsletter – Winter/Spring 2020 – 2019 Market Review
Green Bluff Newsletter - Winter/Spring 2020 Spokane Market Review for 2019 2020…. What is it? Hindsight? Perfect vision? A Barbara Walters legacy - anyone remember that show? A new start? Sure, it can be all of those things. I’m not Barbara Walters, but, indeed, “This is 2020.” It’s hard to know where we’re going without knowing where we’ve been. 2019 was a great year Continue Reading
Market Report – March 2019
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
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
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
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
