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:
BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.
509-362-4607
...there's no place like your home!
Beth, I would agree things are not that bad here. Do you know what our year to date numbers look like if you were to compare them with the historical average? Or compared to something more "normal" than 2007?
I think it is one thing to have a 10-20% reduction in numbers of units sold when compared to the record years of 2006 and 2007. I'm more concerned about whether the numbers show a big drop from the norm.
Of course I'm not trying to sell a home right now either, or I might feel differently.
Mike
This entry is now featured in the "Spokane, Eastern Washington & North Idaho Real Estate Network"
Michael,
I have a monthly comprehensive market stat that spans the last 4 years. We do this for Tomlinson. I would be happy to send you one.
BethAnn
Beth I'd love to see the market stat! Please send to mmullin@theloanconsultant.com.
Thanks!