Friday, October 25, 2019 / by Elizabeth Sorensen
Fall may be in full swing, but home prices aren’t falling anytime soon! This past week, 170 new listings hit the market compared to 163 the previous week.
In Spokane County, for stick-built homes on less than one acre, we are are still hovering at just over one month of inventory. We have been here for so long, that home prices are still holding strong and continuing to creep up. Combined with great mortgage interest rates, it is, and has been a very favorable market for sellers.
Of the 2,217 homes that are active, 1,213 of these are already under contract- meaning they already have accepted offers on them. This is called the “pending ratio” and right now we are at a 54% pending ratio. You may have experienced this if you are looking for homes online on sites such as “Zillow” or “Trulia”. You see an adorable home, only to call on it and find out that it is already under contract. On these sites, you are not usually seeing an accurate re ...
Saturday, March 30, 2019 / by Connie Tracy
Shopping for your dream home can be stressful. If you've been house hunting in this HOT market, your stress has most likely been intensified by the multiple offer situation. You have been looking found the right home or one that ticks most of the boxes, you submit your offer and find you're competing against 10 other buyers! UGH!
The reality is, you have to fall in love with a house to consider writing an offer on it and when that love goes unreturned you need the stamina to pick yourself up, get back in the car, and start the search all over again. This sounds a lot like dating to me!
And just like dating, sometimes it doesn't always work out.
Curb Appeal... What's that all About?
Spring has Sprung! Put some Spring into your Home!
As a persistent Realtor, I don't give up easily. When my buyers love a home I do my best to write ...
Wednesday, March 13, 2019 / by Keri McCombs
The Spokane real estate market is behaving incredibly differently than the majority of the housing markets across the country. Where as most markets are experiencing a significant slowdown with sellers losing a lot of the advantage in the market, the Spokane area has continued to grow and be a highly competitive real estate market. As a buyer in this market, how do leverage your position, such that you can become successful in buying a home, without becoming exhausted in the process?
Before I share with you about how to leverage your position as a buyer, I want to share with you some of the unique factors in the Spokane market that make it a highly competitive market. Here are a couple of factors:
1) There is a large number of people moving into the area from the Seattle area, the Portland area, and California. Those areas have an incredibly high cost of living, with many individuals and families wanting to live in an area that is both desirable and that has a much more ...