Your Current Spokane Market Update as of 2/6/12

Even thought Phil our proclaimed meteoroligist Groundhog, spotted his shadow and projects there will be another 6 weeks of winter...I am certain the houseing market of Spokane will not remain in the shadows for quite that long.

We have already noticed a rise in the number of homes sold and pending in comparison to the last year, sales numbers are rising as well.

Last years numbers are in and in 2011 we saw 8,701 homes on the market of which 4,020 sold! not too bad!

The odds of selling a home in Spokane right now are running at about a 10-15% chance of happening

The average and median sales prices were Average (167,665) Median (154,900)

How much did we depreciate over all in decreas of Median Price from the year before....-5.10%

Average interest rates in 2011 were 4.42%

When we look at the overall picture of what these numbers indicate it is obvious that Spokane's market is perfect if you are looking to capitalize on a good deal in a time when interest rates are exceedingly low.

~The U.S. economy is facing some formidable challenges in 2012.

But that doesn't mean there aren't plenty of big opportunities.

In fact, the "special situations" impacting the U.S. markets (rampant inflation, slowing growth, European contagion) in the new year have actually opened up pockets of exploding growth, all over the U.S. we are seeing improvement ...albeit it is slow and miniscule but at this venue improvement is everything.

Until next month =)

Raving Fans

Thanks for all your help in making our "dream home" a reality. We really appreciated that you went the extra mile to get us the best price for our home. You are truly a professional.
m & d

In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you!
s & t

Thank you so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! You really listened to what we wanted in our home and you found exactly what we were looking for - at an amazing price! If we ever outgrow this home, we'll definitely be calling you!
r & m

You made buying a home so easy for my wife and I. We were grateful for how much patience you used in answering all of our questions and taking us to look at so many houses. You never pushed us into looking at something we were not interested in. We strongly recommend you to anyone looking at buying a new home.
p & w

Love...Love...Love my new house thank you for making it happen! Clark
Clark

Thank you for working for over a year to sell our home. You never gave up and just kept trying new things to try to connect us with a buyer. If you hadn't worked so hard we would not be together as a family in our new home. Have to love the military moves!
S & J

You sold our house in one week in a tough market. I guess you were right when you said we had to be competitive and willing to look at all solutions to make it happen. None of my neighbors or friends that have homes for sale have sold their houses ... they want my Realtors and to know our secret :) Thanks you two...we appreciate you so much Carrie & Shane
C&S

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Your Current Spokane Market Update as of 2/6/12

Raving Fans