Spokane Wa is a little known real estate market. There are great buys and great returns as far as the real estate market is concerned. Spokane is experiencing a population growth. Therefore, it creates a real estate market where a seller can be flooded with offers. In a lot of cases the seller can sell a home in the first day on the market for higher than the asking price.
Like other parts of the country last years prices continued to rise, and now are starting to plateau. For the most part, condos are going for $130-2200,000, while single family homes are averaging $225,000. Although the average single family home is on the books up to a month in a half, the more sought after properties are being sold in 1-15 days.
If you are looking for a home i in Spokane, It is a great time. There are a number of values to be had. You should start looking in winter for the best values. Prices are generally 5 to 10% higher in the summer and spring months compared to winter prices. Most people do not want to look for a home in the winter simply because its more of hassle to move in the winter. Dealing with the hassle and buying in the cold months can save you a ton of money. You can also save money by looking for a home that is a little out of your price range, and offering less than the asking price. If the sellers are motivated it could save you thousands of dollars, and get you into a nicer house than the ones in your price range.
Spokane sits on the eastern edge of the Columbia Basin, a wide sloping plain that rises sharply to the east towards the Rocky Mountains. The Spokane River and its waterfalls split the city down the center. It is a beautiful landscape and whether you plan to live, or just invest in Spokane, the value is there. Spokane is located near the eastern border of Washington, about 20 miles from Idaho and 110 miles south of the Canadian border. A diverse, friendly community - Spokane is home to many Outdoor lovers, especially water sports fans.. Skiers and mountaineers enjoy nearby Mountains and ski hills. Summers are dry and can reach very warm to hot temperatures that are great for boating and other water sports. Winters can bring some of the best skiing in the west.
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