Study Shows Housing Values Have Climbed: Spokane among Top 12 markets
While nationwide home values showed, on average, a 4 percent decline in the last year, values were up nearly 29 percent over the past five years. Just wait until you see the 6 Northwest cities (including Spokane) that made the nationwide Top 12 list.
According to the third-quarter survey released by the Federal Housing Finance Agency, out of 292 metropolitan markets, 273 showed positive net home values in the last five years. (Only 19 percent were negative.)
The long-term investment value of Spokane Real Estate continues to climb. Markets that gained the most over the last five years were:
Honolulu: up 78.7 percent
Virginia Beach: 72.6 percent
Coeur d’Alene, ID: 70 percent
Wenatchee, WA: 69.1 percent
Flagstaff, Ariz.: 66.5 percent
Grand Junction, CO: 66.1 percent
Bellingham, WA: 65.5 percent
Wilmington, N.C.: 62.1 percent
Spokane, WA: 62 percent
Bremerton-Silverdale, WA: 61 percent
Olympia, WA: 60.8 percent
Baltimore: 60.6 percent
Source: FHFA, 11/08 / From SAR Weekly Notices 12/18/2008
