Spokane Wa Real Estate Voice

For the fourth consecutive month closed residential sales exceeded sales from the same month of a year ago.
177closed residential sales were reported in January this year compared to 121 sales reported in January last
year.

The average sales price for January 2010 was $175,605 while the median sales price was $160,000.
In January ’09 the average sales price was $205,845 and the median sales price was $175,000. January 2010
average and median sales prices are down 14.7% and 8.6% respectively.
The inventory of single family homes (on less than one acre and condos) at the time of this report stand at 2,828
listings while last year at this time the inventory was at 2,530.
New construction closed sales reported to the SARMLS totaled 21 sales compared to 22 for January last year.

Statistics provided by the Spokane Association of Realtors

To recieve this report by e-mail each month contact me: bethann@tb.com  or visit my www.BethAnnHomes.com 

The Homebuyer tax credit is having an impact. Closed sales on single family homes on less than one acre
including condos are up 86.9% from the anemic November figures of last year . This November there were 471
closed sales reported compared to 252 for the same month last year. Average sales price for November was
$177,068 and the median sales price was $159,900.
Year to date sales are improving with sales through November totaling 4,308 down 6.9% from last year’s figures
when 4,626 sales were reported through November. The average sales price through November was $188,153
compared to $206,603 last year. The median sales price through November was $169,000 compared to
$184,500. Average sales price year to date is down 8.9% while the median sales price is down 8.4%.
Inventory declined by 7% this month compared to last month however inventory remains similar to last year.
Year to date new home sales reported to the SARMLS are down 30.8%, 514 this year compared to 743 last year.

-Spokane Association of Realtor's

Closed sales for May were up 18.5% over last month. 390 closed sales were reported in May up from the 329 sales last month. Compared to May 2008 closed sales were down 98 sales or down 20%. The average sales price in May was $181,677 and the median sales price was $165,500.

Year to date sales total 1,357 compared to 1,812 sales in '08, down 25.1%. The average sales price through May is $194,308 compared to last year's average sales price of $202,623, down 4.1%. The median price is $170,000 down 5.6% compared to the same period last year when the median price was $180,000.

Inventory continues to be lower than the previous year for the sixth consecutive month. Currently the inventory is approximately 3,159 homes for sale compared to 3,354 at this time last year. New home sales total 193 closed sales this year compared to 310 over the same period last year.

As for me personally, I have been incredibly busy which is great! :)

BethAnn Long, Tomlinson South Inc.

www.bethannhomes.com 509-362-4607

329 closed sales were reported in April. This number is up from the 326 closed sales reported in March.

However, closed sales compared to April 2008 are down 26.1% when 445 closed sales were reported.

The average sales price in April was $197,339 and the median price was $172,500.

Year to date sales total 967 compared to 1,324 sales over the same period last year, down 27%. The average sales price through April is $199,408 compared to last year's average sales price through April of $201,317 down less than 1%. The median price through April is $174,735 down 2.9% from the year to date median sales price of $179,950 last year.

Inventory is still lower than last year by about 7%. Current inventory as of this report is 2,997 compared to 3,218

last year. New home sales total 158 this year compared to 233 sales over the same period last year.

From the Spokane Association of Realtor's

January 2009 was a quiet month for Spokane Real Estate. There was a total of 115 closings for the month, down from 285 in December 2008 and in January of 2008 there was 201 closings. The total number of listings was 2530. Odds of selling* in the month of Jan. 2009 was at 5%.

*The odds of selling your home depend on a number of factors: the price and condition of your home; the supply and demand for homes in your price range and neighborhood; overall economic conditions; and your choice of a Realtor. Using the number of total listings  vs. the actual number sold, gives you your odds of selling.

My personal opinion is that many buyers are waiting till Spring, when Real Estate in Spokane usually "picks up" because of better weather conditions , and to see what the economy is going to do with the new president and stimulous packages. I am hoping that Spring 2009 will be a very good time for Spokane Real Estate, with good forward movement. With excellent interest rates, great home selection, competitive pricing and tax incentives this is a great buyers market!

If you would like to recieve a monthy Real Estate Trends Report for Spokane, Wa. e-mail me at bethann@tb.com

December 2008 sales totaled 285 compared to 252 for November 2008. The average price this month was $201,065 and the median price was $179,000.

The total sales for 2008 were 4,911 compared to 6,935 in 2007. The average sales price for the year was $206,291 and the median price was $184,000. The average sales price is down 2.6% compared to last year whilethe median price was down less than one percent.

The inventory as of this report stands at 2,488 listings compared to 2,925 last month and 2,553 in the December report last year. Sales of newly constructed homes reported to the Spokane Association of Realtors MLS ended the year at 804 sales compared to 1,245 in 2007.

provided by the Spokane Association of Realtor's.

BethAnn Long, Realtor 509-362-4607

Residential closed sales (single family homes and condos on less than one acre) for Spokane County reported by the Spokane Association of Realtors  MLS totaled 252 for November. The average sales price for November was $200,086 and the median price was $179,950 up slightly from last month. Year to date sales total 4,619 compared to 6,489 for the same period last year. The average sales price through November was $206,607 down 2.2% compared to the same period in 2007 when the averages sales price was $211,309. The median sales price through November stands at $184,370 compared to $185,000 last year. Inventory is down over 200 properties compared to last month, 2,925 compared to 3,173. New home sales reported to the SAR MLS totaled 38 for November.

From the Spokane Association of Realtor's

BethAnn Long, REALTOR and e-PRO Tomlinson South, Inc. 509-362-4607

                                  SEPTEMBER 2008 MARKET REPORT FOR SPOKANE WA.

Residential sales for residential site built/condo on less than one acre totaled 465 sales in September. This total is down eight sales from August and down 97 sales from September 2007. The average sales price for Septemberwas $201,372 and the median price was $174,900.

Year to date sales total 3,920 sales through the end of September compared to 5,446 through the same period last year. The averages sales price through September is $207,544 down 2.1% from one year ago*. The median salesprice through September is $185,000 compared to $186,000 over the same period last year.For the first time this year inventory is down when compared to the previous month's Market Activity. Theinventory as of this report totaled 3,387 properties compared to 3,467 as of last month's report.New home sales reported to the SAR MLS totaled 78 for September up four from the total reported for August. (Spokane Association of Realtors)

My poersonal note: