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BethAnn Long, Realtor, e-PRO Spokane Wa Real Estate

Spokane Real Estate Market Report August 2009

Spokane Association of Realtor's Aug. 2009 Statistics:

For the first time since April 2007, going back over 2-1/2 years, we have exceeded the number of sales from the month the previous year. August 2009 sales totaled 488 compared to 475 in August 2008. The average sales price for August was $189,711 while the median sales price was $169,975.

Year-to-date sales through August total 2,884. This is down 16.8% compared to last year when 3,466 sales were reported on a year-to-date basis. The average sales price through August was $193,307 compared to the average sales price through August last year which was $208,353. The median sales price through August was $173,750 compared to $185,400. These sales price figures are down 7.2% and 6.3% respectively

The inventory as of this report stands at 3,466 which is virtually the same as last year. New home sales total 355 through August down 35.1% from last year through August when new home sales totaled 547.

Posted by: BethAnn Long of Tomlinson South Inc. 509-362-4607

www.BethAnnHomes.com

Our New Paver Patio project is DONE!

I thought I would share our paver patio and path with you all. My husband worked very hard!

This is a project my hubby deserves alot of kudo's on :) Thank you Bill! We have a fenced dog/natural area behind our home. Here is the pathway that leads to doggie haven:

Almost done done, just need to fill in the sides with something pretty :) Like...dirt?

Speaking of DOGGIES!.........

That's all for now folks!

Moving, Life Changes and other hazards of the biz!

Moving almost always comes with LIFE CHANGE.

Some are positive, and some are difficult.

This always brings extra challenges into the business of being a Realtor.

I am not a therapist, but I do care!

Bottom line is that buying, selling, and moving come along with new babies, newlyweds, divorce, death, relocation, job loss, new careers, and all kinds of goodies. Those are big stresses in life!

This means being perceptive, and above all else: being good to yourself is KEY!

When moving, take special care to minimize and simplify your life and activities in other ways. Cut out " obligations" and don't be afraid to ask for help!

Create a little time in your schedule to breathe.

This is a friendly reminder from your Realtor friend. :)

Should a seller ALWAYS counter a " lowball offer" ?...yup

It is up to the seller whether or not they respond by countering to what they think is a" lowball" offer.

But in my experience, I think that are many arguments to recommend that, YES, It just might pay off.

I have had some offers come together that at first glance seemed impossible.

You never know until you negotiate it out to the end to see if both parties can feel that they are benefitting from the transaction.

Here is some free advice:

  • Take the " emotion" out of the situation by understanding real estate offers are not " personal"
  • Get the current statistics for home recent sales, average days on market, and price per square foot, ect.
  • Try to remain open to the procsess and seek advice from trusted experienced sellers if need be
  • Trust that your agent has your best interest in mind, and if you do not truly believe this, maybe you need a new Realtor!
  • Be realistic about what your home is worth ( no sentimental value!)
  • Think of the big picture
  • Physically tour your competition

I am recommending appraisals for some of my listings. I don't do this often, but sometimes it is good for the seller to know that the Realtor is not the final word on value. The buyer's are clearly in the drivers seat, and a professional appraisal prior to listing just may answer some questions for everyone involved.

In 2008, 2 out of 3 homes listed for sale in Spokane Wa. NEVER SOLD. That is why I advise trying to work with what might seem like a " lowball offer". Inch by Inch, it just might come together!

Food for thought...

Spokane First Time Home Buyers Tax credit: " We may never pass this way again..."

There is a good old song that dates me" WE MAY NEVER PASS THIS WAY AGAIN" from the 70's.

If you are even considering taking advantage of the FIRST TIME HOME BUYERS TAX CREDIT, NOW is the time to act.

You are running out of time! 8,000 $ tax credit is something to seriously consider.

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:

  • Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
  • Applies only to homes used as a taxpayer's principal residence.
  • Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
  • Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

Here are the FACTS:http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Spokane Real Estate has proven to be quite stable over many years. Interest Rates are very good. Home selection is AMAZING, and Real Estate is an investment you won't regret!

Call me today for your personal no obligation consultation. My services are free to you as a buyer!

BethAnn Long Tomlisnon South Inc. 509-362-4607