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Pend Oreille County, Washington

By
Real Estate Agent with Kiemle & Hagood

Pend Oreille County is one of the northern most counties in the State of Washington, bounded by Idaho the east, Stevens County to the west, and Canada to the north.  Much of Pend Oreille County is comprised of forest land with the river valleys lined with large scale farms.  Agriculture remains the largest economic driver in the county.  Newport is the county seat and home to the county courthouse and administrative offices.

2008 was a solid year for real estate in the county.  There were 98 residential properties sold over the course of the year.  The average marketing period was 109 days.  Total residential volume was just over $17 million and the average discount off the original list price was 11%. 

In terms of land sales activity, 2008 was slower than prior years.  There were 63 land sales in the county in 2008, total volume of just over $5 million, average days on market at 152 with an average discount off the list price at 14%.

I expect 2009 will report fairly comparable numbers.  Land inventory will start to get absorbed, homes sales will continue as buyers search for bargains and sellers get more realistic, and overall we will see a return to a more typical sales volume.

Custom Home in Newport

Questions on Pend Oreille County ... contact the OnPoint Team at Century 21 RiverStone (208) 263-0311.

Statistical data supplied by Spokane Association of Realtors, Multiple Listing Service.