Just The Facts

Just The Facts

Last month I got a little touchy-feely with my newsletter, this month I thought I would stick to “The Facts”, the facts about Spokane real estate. 

 

Median Sales Price February 2015 by area:

 

Valley - $225,900

South - $219,475

Northwest - $184,833

Northeast - $133,766

West Plains - $149,606

 

Total market median sales price is $165,000. That is up 6.5% from last year at this time. 
Closed sales are up 16.4% from last year at this time. (That translates to... my phone ringing off the hook.)

Real estate is looking really good right now. Not only are the median home prices up, interest rates are still incredibly low. When I bought my first house most 15 years ago I was excited to get 8% interest rate now the interest-rate for new homes are more like 3.75%.

If you want to take advantage of this great real estate market give me or one of my team members a call.


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Author:
Phone: 509-624-6873
Dated: March 10th 2015
Views: 808
About Jessica: Hi! I am the broker/owner of EvoReal and have been actively working in real estate for over 13 years...

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EvoReal
1414 W. Garland Ave. Suite 100
Spokane, WA
509-774-5344
509-271-0037