Darla Zimmerman Spokane Real Estate

The stats are in! Year end closed sales totaled 4,664 down 5% from 2008 when 4,910 closed sales were reported. Interestingly, halfway through 2009 closed sales were down nearly 23%, so activity picked up significantly in the second half of 2009.  Year end average sales price for residential site-built homes was $187,585 down 9.1% from 2008. ...

While owning a home has multiple benefits, there is another bonus for First Time Homebuyers for the next few months: An $8,000 First Time Homebuyer IRS Tax Credit! This “Gift”, given to First Time Homebuyers from the government, does not have to be paid back. This incentive, combined with historically low interest rates, tax advantages ...

Unless you have been living in a cave, you most likely know that the U.S. Economy is at its lowest point in recent history.  That is certainly not good news. But there is a silver lining:  Mortgage rates tend to fall when economic news is bad.  Basically, mortgage rates are tied to the Bond market so when the economy is weak, money ...

When the final stimulus bill was approved, there were three major changes from the original first time home buyer tax credit program:·         Tax credit was increased from $7,500 to $8,000.·         Homes have to be purchased between January 1, 2009 and ...

The final numbers are in for 2008, and here is how we fared: Total sales for 2008 were 4,911 compared to 6,935 in 2007. The average sales price for the year was $206,291 and the median price was $184,000. The average sales price is down 2.6% compared to last year while the median price was down less than one percent. The inventory as of the end ...

US News and World Report listed Spokane in their “10 Great Low-Tax Places to Retire” Report. They created a search tool that ranks and analyzes more than 2,000 locations throughout the United States, according to various criteria including cost of living, healthcare, climate, and recreation. Spokane is well known as a regional health ...

Yep, you read that right. Most people know by now that the Spokane Real Estate market has not experienced the steep decline in values that many other locations have seen. Although listing inventory is high and total sales have declined, we’ve held fairly steady on prices. But that doesn’t mean there are not great buying opportunities ...

The Spokane residential real estate market continues to buck the national trend of declining values. Several factors are combining in the Spokane region, including positive in-migration, dwindling inventory in new construction, rising rental rates, and lack of supply of buildable land. The following statistics back up these facts:Forbes ranked ...

While home prices nationwide continue to sag – there are still some very bright spots in the housing market, and Spokane, Washington is one of them!  A recent article, Ten Rising-In-Value Real Estate Markets by Deborah Orr of Forbes.com listed 10 markets that are bucking the trend:Salt Lake City, UtahMedian Home Price: $233,100; ...