I love Spring in Spokane! It is a gorgeous time of the year and reminds me why I love here in the Pacific Northwest! Happy Spring Everyone!
Archive for May, 2013
In my last blog post I was talking about how cold the kiddos’ soccer games were. This past Saturday, I got a sunburn, go figure! One month and the weather changed from 40 degrees and chilly winds to Emerson’s Saturday afternoon game and 85 degrees. I really need to break out the sunscreen though today has cooled off again! We had a jam packed Saturday with our neighborhood garage sale that I spent some time buying things for the Moran Prairie auction in the Fall (and for myself of course) while Emerson had a lemonade stand (such a budding entrepreneur!). The off to soccer games, Mother’s Day errands then family movie and pizza night.
Mother’s day was delightful with the dads cooking the moms breakfast. A yummy feast of French toast (made with the cinnamon chip bread from Great Harvest), Kansas City bacon, fruit and homemade lemon, blueberry sour cream muffins. Delish! Then off to a pedicure and manicure with my darling daughter Emerson (this will have to become an annual event). The fun day continued with a little shopping spree, then off to steak and lobster dinner at Black Angus. It was a totally decadent day!
The market continues to improve and the Spokane Association of REALTORS® reported the good news of a strengthening real estate market with the following statistics:
“April figures show that 442 closed sales of single family homes on less than one acre (including condos) were reported. Last month 398 sales were reported. Sales this month are up 11.1% over last month. The average selling price in April was $174,118 up 2.9% over March’s average selling price of $169,154. April’s median sales price was $160,149 up 1.4% over the median sales price of $157,950 for March. Year to date figures through April show that closed sales are up 19.7% over last year, 1,382 v 1,155. The year to date average sales price through April is $171,542, up 5% over the average sales price last year of $163,363. The median sales price is up 5.9% over last year, $158,700 v 149,900. Inventory is up this month 9.4% over last month, 2,528 v 2,310. Compared to last year the inventory is down 3.2%. Inventory as of the April report last year stood at 2,612 and as of this report the inventory is 2,528. New construction sales continue their strong showing. New construction sales are up 76.3% over last year.”
Once again, I predict the market will continue to improve slowly over time. There is definitely a sense that buyers understand they missed the bottom of the market (the perfect time to buy) and are jumping into the home market like crazy now. We can hope that trend will continue. We are also starting to see some of the boomerang buyers re-enter the market (those folks that had to sell through a short sale or lost a home in foreclose in the past several years). It is indeed interesting times!
Don’t forget to check out my website at SabrinaSellsSpokane.com and please let me know if I can ever help you with your real estate needs.