Like I do every few weeks, I stuck my little toe into Paragon and pulled some statistics.  This week I pulled the 150-250 price range for residential, site built properties the Spokane County area.  To my surprise – things seemed to be going quite well in this sector.

Out of 2,332 listed since Jan 1, 2008 a surprising 1 in 3 has sold (1 in 5 expired) with an average time on market of 65 days.  Not too shabby!

To further detail – the average price of those sold was $193,623, and the average price of the unsold properties was $201,492.  If you are a seller curious on whether you should price your property – under 200k seems to be the mark.

The 150 to 250k range is pretty hot, and to make it hotter – price and PRESENT your property well and it will sell.  For information on other areas and price ranges please do not hesitate to contact me!

Tags: Spokane Real Estate by Spokane Home Guy (509) 990-7653
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Spring was out with all its rays for two whole days.  Buyers woke up and started looking for properties.  My open houses were extremely successful.  I was able to meet a lot of great people out enjoying the day looking for properties.   Occasionally I get asked – “Isn’t it better to list a home now, in the springtime.”  To which I always answer  – whenever it’s best for you, you should list. 

Low-and-behold – I was watching HGTV while eating dinner and up came the 25 biggest Real Estate Mistakes show.  They addressed the same question.  Their answer was similar.  Sell when it’s best for YOU.  Don’t put off your dreams and everything just for weather.  With 100+ days on the market in most areas, it’s important to get your property listed when it’s right for you.  With that said – they noted that there may be seasonal aspects to your home that you can really utilize to make your home more desireable.

Tags: Spokane Real Estate by Spokane Home Guy (509) 990-7653
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According to a recent report I ran on FlexMLS the Post Falls Residential (stick built) market appears to be on the rise.  Inventory is declining (11% down from last year) which will help prices remain firm, and the average days on market for a listing is down 32% from 2007.

 There have been some definate adjustments to the market – the most apparent being the 10% drop in the average sale price across Post Falls.  This could be in large part because of increased motivation from sellers, bank & foreclosure sales sellers using price to be competitive in a marketplace that is moving slowly and with lots of competition.

Either way, slowing inventory and faster turnover is a great sign for Post Falls Real Estate!

Tags: Idaho Real Estate by Spokane Home Guy (509) 990-7653
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