Spokane Real Estate Voice

2011 Spokane Real Estate Statistics Year End

2011 Spokane Real Estate Statistics Year End 

2011 was an unusual year for many Spokane area Realtor's. Being in the trenches, I see a variety of attitudes and outcomes.

There was a total of 8701 homes listed for sale (represents Residential homes in Spokane under 1 acre) and a total of 4020 closed respectively.

The average sales price was 167,665 (down from 183,483 in 2010)and the median price was 154,900 (down from 167,665 in 2010 end).

This reflects a 5.1% decrease in value for median homes..

Interest rates were at a historical low average at 4.42%. This had less effect on boosting home sales than I personally had hoped for. However, Spokane has a far more stable market than many. We are lucky to be here! 2012 has a great ring to it! :)

If you would like a monthly report e-mailed to you directly,or a personalized neighborhood review-  feel free to e-mail me at bethannlong@gmail.com

(Statistics provided by the Spokane Association of Realtor's.)

BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.

509-362-4607

...there's no place like your home!

Spokane Homes for Sale


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0 comments • BethAnn Long, Realtor, e-PRO Spokane Wa Real Estate • January 13 2012 10:05PM

Spokane Wa Real Estate Market Report April 2010

Reported by the Spokane Association of Realtors:
The trend continues! For the seventh consecutive month closed residential sales have exceeded sales from the same month a year ago. 505 residential sales were reported closed in April, up 53% from April 2009. Sales for
April compared to last month are up 25.3%. The average sales price was $179,874 and the median sales price was $163,000.
Year to date residential sales of single family homes on less than one acre and condos are up 33.3% over last year. The average sales price so far this year is $178,385 down 10.4% compared to last year and the median sales price so far this year is $160,000 down 8.4%.
Inventory climbed slightly and, as of this report, totals 3,414, up 2.4% over last month. New construction sales increased significantly over last month with 63 sales reported, up 75% over last month.

My personal comments:

Last year at this time we had 2997 residential listings. At the date of this recent report, we have 3414. A key thing to keep in mind is the SUPPLY AND DEMAND. Currently, the absorption rate for most price ranges is not in favor of sellers. What does this mean? You have to be not only competitively priced to sell your home, but compelling in every way- including price and condition.

For a detailed market report, e-mail me at bethann@tb.com and I am happy to send you the Market Trends!

www.SpokaneRealEstateVoice.com  : my blog!

www.BethAnnHomes.com  my website!

There is no place like Spokane!

BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.

509-362-4607

...there's no place like your home!

Spokane Homes for Sale


MyFreeCopyright.com Registered & Protected

3 comments • BethAnn Long, Realtor, e-PRO Spokane Wa Real Estate • May 12 2010 11:53AM