2017 Spokane, WA Real Estate Market in Review (Jan. 2018)
It is January 13th, 2018. Reflecting back on the Spokane WA Market, it was an amazing year for me.
While there was overall a marked lack of available homes for sale, there were many ready, serious buyers who poised themselves to purchase, so the number of sales actually increased year over year. There was a point in the Spring where there were nearly 30% fewer homes for sale than the prior year, making it quite the challenge for buyers.
Truly, if you are thinking of selling your Spokane area home, 2018 would be a great year to consider this!
There are some buyers from this past year who still have not purchased. It will be another competitive year. As a buyer the MOST important thing you can do is be truly pre-approved with a really good lender. This means asking them to put you through underwriting if possible, prior to looking at homes. I have had a few buyers miss out royally because they were not well prepared regarding a pre-approval for a home loan.
Sellers: you still have to carefully, appropriately price your home and get it showcase ready. Buyers are savvy on value and like to see homes that are well presented.
There are so many incredible aspects about Spokane WA , and many reasons people are choosing to make it their home. I regularly work with people relocating to Spokane, and they are amazed by the reasonable home prices, landscape and many amenities we have.
I am attaching the latest stats for the Spokane Real Estate Market, and would be happy to answer any questions you have.
BethAnn in Spokane