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Spokane Market Update for the Week of December 6, 2019

Wednesday, December 4, 2019   /   by Amber Tice

Spokane Market Update for the Week of December 6, 2019

Spokane’s real estate market is holding steady at 1.3 months worth of inventory.  This means that if all of the homes listed in Spokane sold it would take just over one month for all of Spokane’s inventory to sell.  Haven Real Estate Group compiles information that includes residential, stick built homes, on less than an acre of land. We do not include condos, or manufactured homes.


We are seeing a slight increase in inventory most likely because homes are sitting on the market longer because of the holiday season.  This trend will most likely continue through the winter months especially as it gets colder and snow start to fall.


If you are looking to buy, or sell in the South Perry District here are some market stats:


In the last 6 months 27 homes with two or more bedrooms and one or more bathrooms have sold in the south Perry District.  Homes in this area sat on the market for an average of 20 days. The average sale price was $293,000 (approx). The highest sale price was $479,000.  20 of these homes were built prior to 1950.  


The South Perry District boast historic homes, trendy restaurants, and wonderful little shops.  This area has a walkscore of 56 according to walkscore.com making it somewhat walkable for running errands, having just a few options for transit, and is bikeable with some hills.  Look for new and upcoming eateries, condos, or shops to pop-up in this area.



XOXO,

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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201
509-590-4701

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIMLS The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Haven Real Estate Group are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haven Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Copyright 2020 of the Spokane Association of REALTORS® MLS. All rights reserved.