Sunday, October 20, 2019 / by Shayla Morford
As a local Eastern Washington Real Estate Expert, I often get the question "When is the best time to sell my home?"
My first response is "Would you like to hear the cookie cutter answer most Realtors give or would you mind a personalized response, if I can ask you a few scenarios?"
The general consensus is the real estate market place is the best time to sell is Spring. Buyers are shaking off those winter cobwebs, getting tax returns to use for down payments and making plans for the upcoming popular summer break. Its perfect, right?
Just as unique as your home is, so are your needs to sell, depending on the chapter of life you are at. It could be a newly accepted career on the other side of the Country which may have you packing quickly. What if your local market has a boom in economical stimulus, such as the new Amazon Warehouse coming to the West Plains area of Spokane? If you were on the fence before, this could be your deciding factor.
Beyond local influences-Gove ...
Saturday, October 19, 2019 / by Elizabeth Sorensen
As you all know, we have been in a steady strong seller’s market for a long time now. And although we are still in a very hot sellers market, there are a few things I’d like to point out and what that means to you whether you are selling your home or still looking to buy a home.
Heading into the 4th quarter of 2019, low inventory continues to be a headwind for increasing sales prices in Spokane County. We are still hovering at just over a month of inventory. Remember, a balanced market is about 5 ½ months of inventory. With this continued low inventory, we’ve continued to see home prices rise over the last year. The average closed home sales price has risen over 11% compared with this time period last year in 2018. The average closed sales price in September 2018 was $260K, whereas, this last month the average closed sales price was $290K.
What I want to point out today is the “old as time” principal of supply a ...
Saturday, October 19, 2019 / by Amber Tice
When Chris and I first bought our house back in 2017 we were soooo excited to make repairs and dive right into making it our own. And as much as I love the fact that we had so much motivation, I wish we had more knowledge of not only how to make repairs, but also more knowledge about the real estate market.
You might be asking what does the real estate market have to do with making repairs? Well…. A lot actually. Let me explain…..
Making repairs to your home is tricky business for several reasons. There are a lot of things to consider before tearing down a wall and opening up your space, or adding that third bathroom.
First of all-make sure you have pulled all permits from the city BEFORE you jump into any major repairs to your home. This will save you a lot of hassle down the road. After you’ve listed- the question will be asked on your seller’s disclosure if you have pulled all permits and it will always be ...
Saturday, October 19, 2019 / by Shayla Morford
139 new homes available that came on the market this week since the last, in Spokane.
That seems like a lot of homes available all of a sudden, but its a significant decrease in the number of homes from last week (220 New Homes).
First, let me clarify how I determine those numbers. I only count residential site built homes, meaning Condos and Mobile homes are out. Also, I look for homes with under 1 acre of land and only in the County of Spokane. I want to make my numbers based on what the average buyer who comes to me is asking for.
We are still considered to be in a "Seller Market", but what the heck does that mean? Sell don't Buy? NO!
Those terms are simply in reference to good old supply and demand. As of right now, the inventory is still low, buyers are still competing over the freshly listed deals and sellers continue to get top dollar for their homes.
But wait! Whats that? The Winds of Change?
I have been noticing ever since the seasonal econo ...
Friday, October 18, 2019 / by Jennifer Gilbertz
Spokane, WA real estate market is holding strong and is continuing to be a top seller’s market. As a Spokane Realtor working with Haven Real Estate Group, we keep a close watch on the current real estate market trends on a weekly basis. For you, this means you will have access to the most up to date housing market information for our area and will have access to links to further educational blogs and videos relating to the current Spokane housing market, as well as, home selling and home buying educational tools.
We are currently holding at a 1.2 month supply of homes in our real estate market here in Spokane, WA. This monthly calculation of homes is based on the percentage of home buyers that are ready and able to purchase versus the amount of homes that are currently available in today’s Spokane, WA real estate market. For example; if suddenly no more homes were going on market for sale and at the current buyer purchasing rate, all the current ho ...