Playing the Odds One interesting real estate statistic is the “odds of selling,” which indicate the chance of a successful sale. For August 2018, the odds of selling are 58%. If you list your house for sale, there’s a decent possibility that it will sell. Conversely, there is a 42% chance that it will not sell. Obviously, not every property reaches the closing table. What makes the difference? If Continue Reading
Market Report – July 2018
Chasing the Market – “Catch me if you can.” At this time of year, an overpriced listing in a market that is about to experience seasonal depreciation in values can be a slippery slope. When values are appreciating, the market may just need time to catch up to the price. For instance, in late winter or early spring, property values tend to appreciate, usually reaching their peak in June or July. Continue Reading
Summer 2018 (Article #2 – Market Update “The Halfway Point”) – Green Bluff Newsletter
Real Estate Market Update - Summer 2018, The Halfway Point At the halfway point for the 2018 Spokane real estate market, we are seeing unprecedented appreciation in values and an extremely active market overall. Stats for the overall market are measured by properties under one acre in the Spokane area, which are mostly urban and suburban homes. Property values in 2017 increased about 11% from Continue Reading
Summer 2018 (Article #1 – Save the Date!) – Green Bluff Newsletter
Save the Date! (see article below calendar) Save the Date! Green Bluff draws people from far and wide to enjoy what it has to offer. How do people find out what’s happening in Green Bluff? Most people search on the internet for Green Bluff activities and then have to sift through results hoping to find something. Hundreds of people visit my real estate website www.codykerr.com each month. Continue Reading
Green Bluff Cherry Pickers Trot Update
The Green Bluff Direct Marketing Association has released an update about ROAD CLOSURES for the Cherry Pickers Trot on the evening of Thursday, July 19th. See the update below. Continue Reading
Market Report – June 2018
Keep your senses! Thinking of buying a home? In this market, buyers are trying to make their offers more appealing. One tactic is to present an offer above the list price. Not a bad move, as many sellers find more money appealing. But, cost can be more than dollars. Some buyers are “over paying” by mistakenly waiving protective contingencies just to get an offer accepted. Foregoing inspections, Continue Reading
Market Report – May 2018
Pushing the Limits In a hot market like we have this year, sellers are pushing listing price limits, attempting to capitalize on the rising sale prices. In 2017 from Jan-May, the market appreciated almost 11%. This year from Jan-May, average sale prices increased an astounding 17.5%. When selling your home, it’s critical to consider the market trends for the time of year. Historically, prices Continue Reading
Market Report – April 2018
Inventory remains low in the Spokane market at 1.77 months for April. However, did you know that different price ranges have different inventory levels? From 200K to 300K, the inventory is 1.4 months, but from 600K to 700K it’s a whopping 6.8 months! The inventory in different neighborhoods and geographic areas can also vary. Overall, inventory is low, but depending on price range and location Continue Reading
Take a “Day” Trip to the Ranch
Spring – 2018 (Article #1) In the heart of Green Bluff there is a farm deeply rooted in the traditions of old, yet its owners are branching out with new ideas too. A day trip to 9807 E Day Rd will lead you to Walters’ Fruit Ranch. The owners, Jason and Morghan Morrell, are stewards of the farm, a “working museum” as Jason calls it. Some trees are 110 years old, long outliving Continue Reading
Market Report – March 2018
High tide or low tide? Have you heard the saying, “A rising tide lifts all ships”? Well, does it? On the water, yes. How about real estate? Rising property values may raise home equity and may tempt more to sell, hoping to pocket this potential equity. The Spokane market has “lifted” a lot recently, including a lift in mortgage interest rates. Does this “rising tide” still lift all? Not really. Continue Reading
