During the next decade, the Spokane Washington real estate market is expected to be one of the top ten areas for real estate appreciation growth in the Western United States. The area is well known for its beautiful downtown architecture, endless outdoor recreation, established educational system, and a growing economy. These attractions are helping to appreciate home values as more people recognize Spokane as being a unique place to live.
The city of Spokane provides its visitors a mix of both modern and historic design. The heart of the city contains multiple restaurants, shops, museums, and large businesses. Interconnecting many of the downtown businesses is an extensive skywalk system. These skywalks give the visitor the ability to reach their desired destination without ever taking a step outside. Mixing with this modern transportation system is Spokane's beautiful, castle-like court house resembling 16th century châteauxs found in the Loire Valley of France. Spokane's famous riverfront park offers gondola rides, lush green meadows, a 1909 historic Looff Carousel, and many other rides and attractions. Additionally, interesting artifacts and remnants from historic buildings are located throughout the downtown area. The local real estate market is seeing great benefits from the unique design of the city.
Outside of the city, the visitor finds an endless supply of outdoor recreation. The Spokane River runs through the community and with its size and length, provides many areas for camping, rafting, fishing, and more. The Centennial Trail follows the river for 37 miles with a paved pathway for hiking, biking, rollerblading and horseback riding. Multiple bed & breakfast establishments are conveniently located near each recreation facility. The greater Spokane Valley Washington real estate area also enjoys large ski resorts, hunting, and vacationing locations for any season including the famous Coeur d'Alene Resort. Lake Coeur d' Alene is located just 30 minutes east of Spokane. The resort's guests enjoy a full schedule of outdoor enjoyment within some of the country's most beautiful scenery.
The education system within Spokane has received high ratings from its residents. School locations are built within housing developments, giving most students short walking distances. The school board is committed to keep classroom sizes small and is pushing legislation to increase classroom spending. The teachers have received much national recognition for their devotion to teaching, with 70% of the instructors holding master's degrees. The area's higher education facilities include Gonzaga, Spokane Community College, Ashmead College, Bryman College and many more. Through these colleges, students have access to earn specialized certifications: Bachelor's, Master's, and Doctorate degrees. In-state tuition levels for state colleges are below the national average. Local real estate agents are frequently using Spokane's strong educational foundation to encourage new homeowners into the local real estate market.
The local economy is continuing to see solid annual growth. City economists have noted a strong beginning to 2006 with a decrease in unemployment and a rise in new employers. The construction, manufacturing, real estate, and agricultural industries are experiencing the highest growth rates thus far. It is projected that similar industries will soon follow this growth pattern. Government leaders are optimistic about continued business development as the growing Spokane real estate market is attracting more employers into the city.
The city of Spokane offers many benefits to its residents. The city is becoming well known throughout the United States as a good area to raise a family. The economy is strong, the education system is dedicated to the students, and the outdoor recreation and lifestyle make Spokane a unique and rewarding location to own a home. It will be interesting to see how fast Spokane's real estate market continues to grow.
Ryan Knapp is an Internet Marketing Consultant at 10xmarketing. For more information about Spokane Washington real estate, contact Saint Lawrence Mortgage.