Spokane County, WA Real Estate News

By inboundREM Market Updates
(InboundREM)
A Homebuyer's Companion: Closing Costs in Washington StateBuying a home is an exciting adventure, from finding your dream house to making that all-important down payment. But, before you can finally unlock the door to your new haven, there's one hurdle you'll need to tackle – closing costs.In this comprehensive guide, we'll break down the complexities of closing costs in Washington State, providing you with the insights and information you need to navigate this process confidently.What Are Closing Costs?Closing costs are like a bundle of expenses that must be taken care of when you're wrapping up a real estate deal in Washington State. They're on top of what you're paying for the property itself. Whether you're the buyer or the seller, getting the lowdown on these costs is super importa...
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By inboundREM Market Updates
(InboundREM)
Exploring San Mateo Neighborhoods Through Its CitiesLiberty LakeLiberty Lake is one of the Spokane Metro Area cities on the eastern border of Washington. The neighborhood is a vibrant and rapidly growing community just a short 20-minute drive from downtown Spokane. The neighborhood is a shining gem known for its robust data infrastructure and strategic access to I-90. The area is a magnet for high-tech industries, corporate headquarters, light manufacturers, and entrepreneurial start-ups. Its central location between Coeur d’Alene, Idaho, and Spokane, Washington, coupled with proximity to the Spokane International Airport, makes it an ideal business hub.Beyond the corporate allure, the community is a haven for families. With outstanding schools, diverse housing options, ample parks, and...
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By inboundREM Market Updates
(InboundREM)
North Spokane Homes For SaleNeighborhood InformationIf you're looking for homes for sale, North Spokane is a region that effortlessly blends scenic beauty with a contemporary lifestyle. The diverse housing options include modern properties, classic houses, and recent construction projects. This area has become an appealing destination for a harmonious balance between suburban comfort and outdoor adventure. This vibrant locale is known for its captivating raw beauty, with the Spokane River and Little Spokane River winding through, offering plenty of outdoor activities and recreational opportunities. From lush grasslands that call hiking enthusiasts to the tranquility of fishing along the riverbanks, the locale provides an idyllic setting for serene relaxation close to nature.  North Spok...
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By inboundREM Market Updates
(InboundREM)
Relocating to Spokane and Its Cost of Living Looking to enjoy the good life in the Inland Northwest? Consider moving to Spokane, which offers an exceptional quality of life without breaking the bank. To give context, let's dive into the numbers. Spokane's cost of living index is 98.6 compared to the U.S. median of 100. An individual's average cost of living is around $1,942, while a family of four can comfortably manage about $5,023, including rent. It ranks in the top 18% of the most expensive cities globally. However, housing is where your dollars smile the widest. The average home price hovers around $383,100. Compared to many major U.S. cities, Spokane's housing costs are a breath of fresh air. You can snag a comfortable apartment or a cozy family home without sacrificing a sizable...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
   BethAnn and Bill Long RE/MAX of Spokane  www.BethAnnHomes.com Your Spokane, WA Relocation team!      BethAnn 509-362-4607"BethAnn in Spokane" and her husband Bill are both life long residents of the beautiful city of Spokane, WA. For 19 years, BethAnn has been assisting people relocating to Spokane, and she is passionate about her home city! Bill retired in 2020, and is now a licensed Realtor assisting BethAnn in her established career.Spokane is a very beautiful city, with 4 distinct seasons. There are many reasons people choose to relocate to Spokane, here are just a few: cost of living, natural surroundings, lakes, mountains, professional /career, retirement.  We have worked with people of all ages and stages who are relocating to Spokane. We have thriving universities, medical sc...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
I truly love what I do! I am celebrating 19 years in the Spokane real estate market soon.I have a rich family history in Spokane real estate. My father owned his own company- and it is in my blood. I am passionate about helping people relocate to Spokane, my home town!I love working equally with both sellers and buyers to realize their real estate goals and dreams.Sometimes personal hardship is the driving force behind moving, sometimes personal change, positive circumstances create the need to buy or sell real estate. It is never just about "the house" it is about PEOPLE who are in transitions, and I work right along side my clients to create the best possible solutions and outcomes.I offer a complimentary consultaion for anyone looking for a Spokane Realtor.BethAnn in Spokane 509-362-...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
 The MAY 2023 stats are OUT for Spokane real estate! This month and next are the most telling for how and when the market took its turn when rates increased. May 2023 median home prices are down 8.4% from May 2022. They declined more than that, but have been making a recovery. If you are waiting to buy, one thing to consider is that when/if rates go "down" the floodgates of buyers on the sidelines will create more bidding wars, and higher prices, and $ over list price, so buying now could be wise! (You can refinance IF rates come down)AND This IS the best time to SELL your house in the Spokane area, for real. Best time of year, super low inventory!  #bethanninspokane #spokanerealestatemarket #spokaneremaxagent 
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
May 2023 Statistics are out for the Spokane Washington Real Estate Market.These refelect April 2022 VS April 2023.We are experiencing less sales overall , by 32%. The number of listings over last year at this time is double, making it a great time to buy!Selling in the Spring market is always the most favorable.Let me know if you have any question.BethAnn in Spokane
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
 Greetings from BethAnn in Spokane! Here are the latest stats for the Spokane market! These numbers reflect year over year, March 2022 vs. March 2023. If you have any questions about the Spokane real estate market, I am always happy to chat. We are still experiencing colder than normal weather, so my educated guess is that things will begin to "heat up" in the real estate market when the Spring weather lands!  #bethanninspokane #housingmarketupdates #spokanewashington #spokanerealtor #spokaneremaxagent #homeprices
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
The statistics are out for the Spokane Association of Realtors for Feb. 2023, reflecting year over year. Feb 2023 vs. Feb 2022.Prices are down considerably from the peak of the market last May 2022  when the median home price was 450K, now it is 375K. The increase in interest rates, coupled with this marked drop in prices makes a more even playing field for sellers and buyers, and the results are less total number of transactions, while consumers are navigating these changes. Spokane has seen this drastic decline in prices because our home prices escalated so much in the 3 years prior, due to large numbers of people relocating here, and Covid conditions (virtual buyers). There is still a marked lack of inventory, and people often still have the need or desire to buy and sell, regardless...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
January 2023 Spokane, Washington real estate market stats are out!These numbers refelect the one year change from Jan 2022 vs Jan 2023.There are many ways to view /track stats. Some people post the month over month real estate stats, however due to the 4 distinct seasons in Spokane, I feel that comparing the market from one year ago, same month, is more informative and telling.In the height of the Spring market 2022, our prices escalated to 450K for the median home price here, now we are at 365K . Big changes! There are "upsides" to every market. I had a phenominal 2022 in real estate- and i am looking forward to a great 2023!I would love to answer any questions you have about the Spokane real estate market!#bethanninspokane #spokaneremaxagent #spokanewashington #housingmarket #remaxhus...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
The Spokane WA statistics are out for Dec. 2022 and they tell a vivid story.For the first time in a few years, prices are lower in Dec. 2022 than they were in Dec. 2021. The over escalation of home prices in popular areas, like Spokane is settling into a more normal range. The increased interest rates are creating this ripple effect.Homes just last Spring were often on the market for just hours, and average days on market is now 31 days.Higher priced homes are taking considerably longer to sell, as the buyer pool is much smaller.127% more homes on the market in Dec. 2022 vs. 2021. This is good news for buyers, they have more choices. When the market was clipping along at lightening speed in 2020-21, many buyers regretted their choice of homes, and many bought remotely.The fact that ther...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
The latest stats for December 2022 are out from the Spokane Association of Realtors!These numbers reflect the changes year over year from Nov. 2021- vs. Nov. 2022.The median price is now 395,000. (The high for 2022 reached 450K in May/June )We are experiencing a more "normal" market, however inventory is still "low" at a 2.2 month supply of homes. ( a balanced market would have 5-6 month supply ) Therefore, the perk for sellers is that there are still not nearly neough homes on the market, and buyers are getting used to the changes in interest rates, as they see the favorable side of home prices softening.There were 43% less closings in Nov. 2022 than in Nov. 2021. That is VERY significant!I believe it is good for both seller and buyer to be able to take things at a mre reasonable pace....
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
It's November, 2022- and the market is speaking. The "median" home price in Spokane has fallen 12.4% since May, but is still up 6.5% over October of 2021.With 34.1 % less closings than this time last year, we see it is much more difficult to put a deal together, where seller is ok with the softer prices- and buyer is ok with the higher interest rates.Some people choose to sell/but based on market conditions. But most people move for personal or professional reasons.Personally, I am thankful that the housing market is less "frantic" than it was in the last few years.Carefully examining your "why" and "when" is important when selling or buying a home, but I have also seen many people over think this. Timing the market is difficult. I would love to chat with you about your real estate goal...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
September 2022 Spokane Market Stats, compared to Sept. 2021 are showing a vastly different market enviroment, and the trend is continuing ,to change- mostly due to the increased interest rates.  In May 2022, our % year over year was 20% increase in value. It is now 7.9% increase year over year, so yes prices have fallen sharply, but still are well over this time last year.  The fact that there were 30% less closings in Sept. 2022 than the year before, is very significant. Sellers need far more patience, and buyers are frusterated that they have to look in lower price ranges now, due to the drastic interest rate increases. All in all, there is little to no resemblence to how the market was just this past Spring- and today. However- there are still people who need or want to move- and tha...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
Southwest Spokane VIEW gome in Qualchan hills! 4706 S Pender Ln. Spokane, Wa. 99224Take the VIRTUAL TOUR NOW! https://www.tourfactory.com/3018664Imagine yourself enjoying spectacular VIEWS in this beautifully updated Qualchan Hills 4 level home. Situated on a quiet , private lane, this home is filled with fresh, custom style! New paint both inside and outside, a 50 year roof, wood floors in the entry,LR, DR and Kitchen, new furance and carpet in 2019. Overlooking the gorgeous Latah valley, the decks are great for entertaining.or relaxing. Close to great places to golf, eat, hike, and convenient to downtown, the South Hill & airport. Fantastic floor plan, walk out basement with spacious laundry/hobby room and 4th bedroom. The primary suite has a walk in closet & 3/4 bath with double sink...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
 August 14th 2022 from "BethAnn in Spokane" The lastest stats came out this past week, for the Spokane, Wa real estate market. Here are some additional comments:We are seeing an average of 175 price reductions each week on the Spokane MLS. One a home sells, the average sales price was 101% of the (last) list price. With sales down 30% we can really feel how the market is returning to a more normal pace. There are twice as many homes for sale as there was this time last year. I see this as a good thing, a more healthy balance. Buyers have more choices (yeah!) and in general, everyone feels less frantic. These numbers represent year over year (July 2022 vs July 2021). I am always happy to answer any questions you have about the Spokane area real estate market!  
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
12104 N Denver Drive VIRTUAL TOUR https://www.tourfactory.com/3015858Welcome to this Impeccable Mead Rancher w/ 5 beds, 3.5 baths. This gracious home boasts numerous recent upgrades! Custom exterior paint, new HVAC, new vinyl fence. A truly phenomenal floor plan with both formal living room plus two family rooms + a 16x16media room, wired for sound. Open concept kitchen w/newer stainless appliances. The spacious main floor primary suite has a walk in closet & 5 piece updated bath. Over 1700 sq. ft on the main floor, this home has the true convenience of main floor living, with the bonus of a beautifully finished basement! The backyard feels secluded and serene- and is perfect for entertaining or relaxing. Central Vac, RVparking , 3 Car garage (one RV size) & LED lighting. Exceptional lo...
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
The Spokane, WA.  Real Estate estate market is one of the most popular in the Nation presently. This is the latest stats, comparing May 2022 to May of 2021. If you have anyquestions, I would love to connect!  BethAnn Long RE/MAX of Spokane 
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By BethAnn Long, Realtor, CRS, e-PRO, CLHMS Spokane Wa Real Estate
(RE/MAX of Spokane)
May 2022 Spokane Real Estate Market stats are out ! Reflecting back on April of 2022, there is much to note about the market shifting . Yes , interest rates are going up a bit , and this will begin to have an effect to slow down the abnormally dramatic increase in home prices we have experienced in the past two years .Here are a few things to note : homes sold last month for an average of 5 % OVER the list price , and in just 4 days … if there was EVER a great time to sell your house in the Spokane area , it’s still NOW ! Buyers must have a very strategic plan ( I am having great success getting our buyers under contract, the ones who will take our clear advice ) . If you have any questions about the real estate market in the Spokane area . I would love to chat ! #bethanninspokane #spo...
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