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Spokane WA 2014 Real Estate Re-Cap

By
Real Estate Agent with RE/MAX of Spokane 77217

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!

 

 

Posted by

BethAnn Long, REALTOR, CRS, e-PRO, CLHMS

RE/MAX of Spokane

509-362-4607 ( cell )

e mail : bethannlong@gmail.com

 

Spokane Homes for Sale :

my website www.BethAnnHomes.com search the Spokane MLS here!

 "BethAnn in Spokane" 

 

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Comments (2)

Roy Kelley
Retired - Gaithersburg, MD

Home buyers and home sellers will be in good hands when they use your professional real estate services.

Jan 14, 2015 12:50 AM
Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

BethAnn, 
It's so nice to see that our community is doing better than years past. 

Have an incredible 2015, 

Angela

Jan 14, 2015 07:53 AM