How does Spokane rank within markets in the US.?

By
Real Estate Agent with Coldwell Banker Bullard Newnan, Peachtree City, Atlanta Metro Broker GA: 415935

Spokane Real Estate

 

We always read about "the market" in the paper, or see, or hear about it on electronic media.  Most of the time the reference is to the over all average nationwide, but it's interesting to see that it really does vary from place to place depending on where you are.  

 

To see the Most Expensive Markets: Top 10 Most Expensive Markets

To see the Most Affordable Markets: Top 10 Most Affordable Markets

 

These are all ranked based on 4 bedroom 2 bathroom homes.  So, where do Spokane and Spokane Valley Washington fit in the market in terms of ranking? 2016 Coldwell Banker Home Listing Report

 

When we start zooming in to various Spokane neighborhoods and run comparisons with the actual data (not from often less accurate 3rd party web sites) direct from the REALTOR association is when it really starts to get interesting.  Moreover we can look at days on market data and with supply and demand taken into account, using probability equations, come up with good estimates of how long a particular home will be on the market before it actually sells. Of course "the market" is an animal that sometimes doesn't like to be fenced in, but overall when we take a lot of things like quality comparisons into account and price positioning, we can get pretty darned accurate in terms of estimates.

 

Posted by

Scott May, REALTOR, Certified Residential Specialist at Coldwell Banker Bullard, Newnan GA. (770)-254-0079 (my cell: 509-863-5362) Trusted Proactive Real Estate with more than 11 years of experience helping good people buy and sell homes.  Member: Newnan Chamber of Commerce.        WWW.ScottMayiHelpyou.com   

Comments (2)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the market update. I think it is great to know what is going on around the country - gives me a hint of what our market may look like in 6 months!

Sep 21, 2016 10:01 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to share this information!  Very professional! I am sure this is very beneficial for buyers and sellers alike that are trying to make informed decisions.

Sep 21, 2016 10:02 PM