Spokane WA 2014 Real Estate Re-Cap
2014 proved to be a healthy overall market in Spokane WA.
- Closed sales ( overall number of closed transactions ) were up 5.6% over 2013.
- The average home price was up 2% overall from 182,595 in 2013 to 186,275 in 2014. The median home price was also up 2%.
- INVENORY ( Overall number of homes for sale ) was DOWN 11% for 2014- and still is to date, making it a great time to list your home for sale.
- Distressed Sales ( Foreclosures and Short Sales ) were down - accounting for 16.7% of closings, compared to 18.8% in 2013.
These numbers - provided by the Spokane Association of Realtors reflect home sales in Spokane Wa of Residential properties on less than one acre
It is both a seller market due to lower inventory, and a buyers market because of the mind boggling low interest rates!
On a personal note, it was a great year for me- and I finished strong and exceeded my goals. I had the privelege of working with some great people, and I look forward to a fantastic 2015 !
If you have any questions about the value of your Spokane area home, or purchasing a home in Spokane WA. I am here at your service.
I am launching a brand new e-Newletter which is going to be both very informative, interactive and FUN. You can be included by e mailing me at bethannlong@gmail.com
WISHING YOU ALL THE BEST IN 2015!
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