Spokane County, WA Real Estate News

By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Hi ! It's BethAnn in Spokane with an update on the state of the local Spokane WA Real Estate market. This report reflects last months data, March of 2021.There is no word strong enough to describe the crisis low inventory. The number of homes for sale is less than 15% of what we need to meet the demand. 209 Homes on the market in March? We could sell 2000! There are many contributing factors to the extreme lack of homes on the market. One is that builders have not even begun to build enough new homes. This creates a bottle-neck for everyone from people living in low income rental apartments to every person with the dream of home ownership. More young adults have come to the age where they want to buy, more boomers want to downsize, the list is long. Add a pandemic, and here we are.My su...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
March 2021 Spokane Real Estate News , from BethAnn in Spokane !Last months stats are out (for Feb. 2021 ) , and they are staggering. 131 homes on the market ? 895 closings, meaning we have FAR more buyers than homes for sale. In most ranges we are seeing an average of 12 offers per home. Average price is up over 20% since last year ? What does this mean ?It means buyers have to be far more prepared than EVER to compete. This takes the education and guidance from a very proactive agent in this market. Buyers MUST have patience, persistence, and solid financing.Selling in this market can feel frantic, exciting, and exhausting. With the numerous offers, you must have excellent advice to avoid pitfalls and liability. Selling your home now will surely bring you an amazing price, and a good a...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
How will COVID-19 affect the Spokane WA real estate market ? I have received calls, texts, and e -mails asking if I know how COVID-19 will affect the Spokane WA real estate market. My answer has been " it is too soon to tell " for the most part. Deemed as the #1 market in the Nation for level of interest from outsiders as a place to relocate, Spokane has some " special " standings . To substantiate my reference regarding Spokane's unique market please see :https://www.spokesman.com/stories/2019/nov/16/realtorcom-spokane-named-top-market-for-out-of-are/The Spokane WA market has seen unprecedented increases in home values the past 3 years , and while we knew this could not continue at the same rate, I feel our market holds a bold strength and will remain in the leading markets once things...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
My home town of Spokane WA has just been named as " the most competitive market in the nation " according to an article on Redfin's blog by chief Economist Daryl Fairweather.https://www.redfin.com/blog/author/darylfairweather/As a lifelong resident- and REALTOR who works with both locals and many people relocating into my city, I can attest to this. What looks like numbers and data on paper, affects peoples real lives while I work with them. While sellers are ecstatic about what price their home may bring, they are concerned about being able to find their next home in this thick competition. Buyers /buyers agents must be hyper vigilant and willing to compete. Having an agent who works full time, and truly understands the current market is critical. If you have any questions about the Sp...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Spokane WA Real Estate Market Report Feb. 2020 ( reflecting last months numbers )The Spokane WA. market statistics are out for January 2020.  Each month they come out for the prior month, and I usually post the entire year over year numbers, however I chose to use the Jan. 2019 VS Jan. 2020 numbers in this article.More homes were closed in Jan. 2020 than the prior year by 18%. I am hoping this is telling for whats to come! Because our inventory ( number of homes for sale ) has been SO tight the past few years I was happy to see this.  Prices are UP , and have increased at an unusually fast pace, due to the over all interest in our area. Relocation to Spokane has always been a large part of my business, and continues to grow. As a life long resident of Spokane, I love working with people...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
2019 Spokane, WA.  Real Estate Market Overview, by BethAnn Long RE/MAX Inland Empire in Spokane Wa.Below you will find the year end (2019 ) statistics for our market here in Spokane.What seems to stand out the most, besides the above normal annual appreciation, is the lack of inventory ( number of homes for sale ). We have LESS THAN a one month supply of homes. ouch. This is one factor that is driving prices upward, another is the extreme interest in our area, which has not slowed down.As a life long resident of Spokane, and Realtor with 17 years of experience, I am always asked " how's the market?" I would love to chat with you if you are thinking of buying s home in the Spokane area, selling your Spokane home, or considering relocation to Spokane WA!Have a great day, BethAnn in Spokane
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Welcome back to my 2019 Summer Spokane WA Neighborhood tours! This weeks tour is the beautiful 99205 neighborhood known as Audubon Park, also often referred to Audubon/Downriver because of the close proximity of Audubon Park and Downriver Golf course.This darling area is very popular because of its character, vintage homes, and local shops and restaurants.The proximity to the VA hospital is a plus for many people when considering Spokane neighborhoods, and Audubon/Downriver is just moments to the VA Hospital.Downriver golf course is a great course, very scenic and just a few moments NW of downtown Spokane.Home prices in this area average at about 275,000. There are opportunities for higher priced homes, view homes in higher ranges. Other perks of the Downriver/Audubon area include: prox...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Greetings from BethAnn in Spokane ! I have been posting Spokane neighborhood tours here on my blog this summer, and it has been really fun visiting a variety of areas for those of you interested in relocating to Spokane, so you can get a flavor of the amazing options we have .This week, I am featuring Liberty Lake WA. 99019, which is actually it's own city about 20 minutes East of Spokane. I love Liberty Lake for so many reasons, mainly because we lived on the Lake from the time I was in 8th grade through my high school graduation. at that time, it was not what it is today. The growth and incorporation of Liberty Lake WA has been amazing to watch over the past 30 years. Situated just between Spokane WA. and Coeur d'Alene Idaho, Liberty Lake hosts 3 beautiful golf courses. You might see ...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Welcome back to my Summer 2019 Spokane WA neighborhoods tour! This weeks Spokane neighborhood feature is : Browne's Addition, Spokane's oldest neighborhood, rich in history and home to the cities first founders and visionaries.Situated just West of downtown Spokane, Browne's Addition has some wonderful places to eat including The Elk Pub, Italia Trattoria and more !There are mansions that are labeled with historical plaques which make for a great walking tour . Couer d'Alene park is home to the annual Artfest which is one of my all time favorite local events.The Mac Museum ( https://www.northwestmuseum.org/ ) is located in Browne's Addition and is a must see when visiting Spokane. Many of the historical homes have been converted into apartments and condos, making Browne's Addition a pop...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Greetings from Spokane WA ! Here is a video tour of Kendall Yards in Spokane WA.  This is my 3rd Spokane WA neighborhoods tour of Summer 2019 ! As a life long resident of Spokane , it has been great watching this area develop over the past years. situated along the breathtaking Spokane River, and Centennial trail , Kendall yards is a perfect mix of fun retail shops, eateries and residential condo's. There are adjacent neighborhoods with single family homes which can be considered when wanting to be close to downtown Spokane or Kendall Yards. As a Spokane Realtor, I am often asked about Kendall yards. The availability of condos for sale in the downtown Spokane Kendall yards neighborhood is generally scarce because their popularity. It can be challenging waiting for one, however they do s...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Hey, it's "BethAnn in Spokane" with the latest Spokane Wa. June 2019 Real Estate Statistics!Closed sales are down 13.1% when compared to May of 2018. Clearly, the lower inventory (number of homes for sale ) is a factor here. Buyers are having a challenge finding homes, especially under 300K , and often have to be patient. Both average and median home prices are up over 10% from last year at this time. We seem to have a very steady influx of  out of town people moving into the area, and this seems to a be a trend that will continue based on interest in the Spokane area for a variety of reasons. As noted in this report, inventory is down over 12% from last year- and is about 50% down from 3 years ago. This makes it critical to be working with a diligent buyers agent when seeking to purcha...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Brick Colonial home for sale Spokane WA South Hill in Historic neighborhood!1003 W 29th Ave Spokane wa 99203 Listed by BethAnn Long REALTOR, RE/MAX Inland Empire, this 1941 home is situated between beautiful Comstock Park- and the breathtaking High Drive Trails.3 bed 2.5 bath nearly 3000 sq. ft. on .19 lot . 2 car garage, beautiful 400 sq. ft pergola for outdoor entertaining.399,950SEE THE VIRTUAL TOUR HERE !www.tourfactory.com/2563974Search homes for sale in the Spokane WA area on my website! www.BethAnnHomes.com
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
What I learned as a REALTOR when I sold my own house, is above all that MOVING IS REALLY HARD.First, the home prep to get the house show ready. This is far more challenging for some people than others. For me, it was difficult because we raised kids in the house we were selling- and had lived there for 17 years, so quite frankly it was overwhelming. My #1 suggestion ? 1) ALL HANDS ON DECK! Engage help when sorting through storage, bedrooms, and even decor and furniture. If possible, hire a helping hand as it is a very time consuming job . Start early. If you want to sell in the Spring, start Jan. 1st by getting a plan to minimize clutter, get rid of things, stage, ect. The best first step is to call an experienced Realtor to help you with a time-line for selling.DON'T STORE THINGS YOU D...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Spokane WA 2018 Real Estate Year end Review , By BethAnn Long, REALTOR w/ RE/MAX Inland Empire .2018 was an epic year for me in Spokane Real Estate.  I worked with exactly half sellers and half buyers throughout the year, making it a great balance. When the dust settled the numbers showed that I was in the top 1% of all individual Spokane Realtors for 2018, which was an honor. I enjoyed working with several people relocating to Spokane WA, as well as family and friends !BELOW you will see the YEAR END REPORT FOR SPOKANE WA REAL ESTATE :This report shows that the number of sales is only up 1% meaning about the same number of homes sold in 2018 & 2017. With the major increase of nearly 12% appreciation ( wow ) this seems surprising to me- that more overall sales didn't occur year over yea...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Upper South Hill Home for sale 5 bed on half acre lot!WELCOME TO 2424 E. 35th Ave Spokane WA. 99223 MLS #201826954Situated in an established neighborhood, this 4 Level Home has a great floor plan for every day living! 4 bedrooms upstairs, Nice Master Suite, 2 family Rooms, 5th bedroom in the basement, PLUS a main floor office ! Formal Living and Dining rooms, makes 3 living areas in this classic home.This home has a 2016  50 year " Zippone roof " , which was 34,000$ to install. Graced with an unusually private back yard, enjoy entertaining on the large, covered back deck! With natural buffer areas, this home has plenty of space for a shop, RV parking, or even a sports court and/or swimming pool. Close to Hamblen elementary and Ferris High school, the kids who lived here were able to wal...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Fall 2018 Spokane WA Real Estate Market Review !Spokane WA , my home town , has become a very sought after place to relocate to. We have 4 distinct seasons, a great arts community, outstanding universities, and the mighty Spokane River which flows through the center of downtown.Here is the latest update from the Spokane Association of REALTORS ! If you have any questions about selling your home in the Spokane WA area, or buying a house in Spokane, I have 15 years of experience to help you every step of the way.  
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
June 2018 Spokane WA Real Estate Market Update !The Spokane Wa Real Estate Market is ON FIRE. Although there is a marked lack of inventory ( homes for sale ) there are more active buyers than ever. This creates competition in most price ranges ( the lower the price range, the more competition).It is more important than ever to have proactive, experienced representation in selling and buying homes. With the fast paced market, mistakes can be made. Hasty decisions can come back around to burn you. In some instances sellers are becoming almost a bit greedy, and buyers are becoming somewhat desperate, making emotions run high on both sides. The highest offer is not necessarily the best offer. Many things need to be considered, such as terms, buyers loan type, ect. Having a real estate exper...
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By Jack Tenold, Specializing in Reverse Mortgages
(Jack Tenold LLC)
Arbor Crest 2019 Summer Concert Series started May 2nd and continues through September 26th.  Each Thursday and Sunday visitors (21 and over) enjoy great music.  You may shop for a genre of music to please your soul by checking out the schedule:  country, rock, swing, jazz, pop-rock and a whole lot more. Keep a copy handy.  The venue is the outstanding:     Cliff House Estate, 4705 N Fruit Hill Road, Spokane WA                                                   General Admission on Thursdays is $6 and Sunday concerts are $12 at the gate; ages 21+ only.  Wine, beer and food is available for purchase in the event tents and the Tasting Room, however, concert goers are welcome to bring a picnic dinner and beverages as well as purchase award winning wine offered by the glass, flight and bottl...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Greetings from Spokane WA!Attached is the one page market snapshot for April 2018. The Spring 2018 Spokane, Wa. Real Estate Market update is fast moving, with very low inventory( number of available homes for sale ) at 19.7% less homes for sale than last year at this time. We are really feeling this while working with buyers. This makes it an optimal  time to sell your home in the Spokane area, because the buyers are poised and ready. I have the privilege of working 50/50 with both people selling their home, and with buyers. The balance keeps me in tune with what is happening behind the scenes for both home sellers and home buyers, each with their unique set of challenges and rewards.Across the board last month, regardless of price range, sellers  got 100% + of their asking prices, so t...
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By BethAnn Long, Realtor, CRS, e-PRO, Spokane Wa Real Estate
(RE/MAX Inland Empire)
Why are people are Relocating to Spokane WA?As a lifelong resident of Spokane, WA. I would like to speak to the fact that Spokane WA is the number ONE city in the USA according to Realtor.com where the inbound/outbound ratio is the highest. What does this mean ? At the time of their study which was published (3/1/18)  by Sabrina Speianu, Economic Analyst with realtor.com states:"In Q4 of 2017, Spokane had a very high ratio (2.8), which means it received 2.8 times more views from residents of other metros looking at Spokane properties compared to Spokane residents looking at properties in other metros. This is notable because interest in properties in the area eventually leads to migration to the area. " You can read her article here :https://www.realtor.com/research/market-affordability...
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