Author Archives: Valeriejk

Tri-Cities Home Sales – What’s Your Price Range?

Those who follow our blog will notice that we like charts and graphs.  Why?  They take an otherwise meaningless list of statistics and organize it into a tidy picture that is immediately understood.  This chart shows the 2011 sales of residential single family homes in Richland, West Richland, Pasco, & Kennewick, divided by price range. 

How does this apply to you?  The first thing you’ll notice is that if you’re selling a house for under $350,000, you’ll have a far greater number of potential buyers (93% of the market).  In fact, more than HALF of the home sales in the Tri-Cities were priced between $100,000 and $200,000.  Fewer homes sold in the higher price ranges, but there were also fewer on the market.  Keep in mind there are higher priced custom built homes that don’t get listed on the MLS, so they aren’t included in the chart. 

The bottom line is that whether you’re in a lower price range with more competition, or a higher price range with fewer buyers (and custom built competition), you need to price your home competitively to attract potential buyers.  The best way to know your price range is to call us for a free market and neighborhood analysis; we’d be happy to tell you the current value of your home. 

 

 

 

 

Hansen Park Real Estate – Living in Kennewick, WA

 

Hansen Park Pond

 
Hansen Park is a vision in process.  A 778 acre fruit orchard on the Southern border of Kennewick, family owned by Hansen Fruit since the 1950’s.  The trees in each section were felled only after they’d passed their prime production years, beginning in 2000 with a 20 year projected completion.  The vision is immense–an all inclusive community within a community including:  apartments, townhomes, private residences, storage units, a church, an office complex, a 15 acre commercial retail center, a middle school, and of course the 26 acre park and man-made lake with green space and walking trails for all to enjoy! 

 

 A community designed with style and convenience, a neighborhood that inspires you to take a daily walk to the lake or playground, where you are certain to meet up with your neighbors on a regular basis. 

The location couldn’t be better–we currently have a house listed for sale on 202 S Kansas, in the heart of Hansen Park.  It is located 1 mile from Clearwater restaurants & businsses, 1.36 miles to Ridgeview elementary, 2.13 miles from I-82 freeway access, 2.5 miles from Costco, and 2 miles from the mall and two movie theaters!  But of course you won’t be thinking about that while relaxing on the front or back porch of this Hansen Park home! 

 

This beautiful & immaculate home has a spacious open floor plan with vaulted main level.  The chef in you will love the open kitchen and island with plentiful upgraded cabinets.  Sunken family room  with tile fireplace and built-in shelving.  Spacious master with walk-in closet and luxurious jetted tub.  Relax on front and back patios or take a walk to Hansen park or pond!  $219,900 for 3 bdrms, 2.5 baths, separate living & family rooms, well-manicured fenced yard, and 3 car garage.  Give us a call if you’d like to see this amazing home & neighborhood. 

 

 

 

 

2011 Real Estate Stats – Tri-Cities WA house sales

 

 The 2011 statistics are in for Tri-Cities house sales:  2713 single family residential homes sold in the area’s largest cities of Richland, West Richland, Pasco, and Kennewick.  An additional 289 sales from surrounding areas brings the grand total to 3002.   

 

 

 The sales are divided almost equally among the 3 cities if Richland and West Richland are combined.  Kennewick’s 966 sales make up 36% of the market, Pasco’s 882 sales make up 33%, and Richland along with West Richland’s 865 sales make up 31%. 

 

 The number of houses sold each month (in Richland, West Richland, Pasco, and Kennewick) remained steady throughout most of the year–starting with the low of 155 in January, peaking at 277 in June, and ending with 222 sales closed in December.  There has been much doom-and-gloom in the media about the depressed economy combined with Hanford layoffs, yet houses continue to sell.  Although there were fewer sales this year than last, the numbers show our housing market to be stable and steady! 

  

 

 

 

The wish list…”Perfect” or “I’ll pass”

One client's wish list

One interesting part of the real estate business is the checklist most clients have for their new home.  Dealmakers or breakers can include anything from #of parking spaces to # of stories, and other tangibles such as:  bedrooms, bathrooms, square feet, layout, wheelchair accessibility,yard size, school district, proximity to work, and a number of other features that lend themselves to a list. 

Other important aspects of a home are harder to pinpoint, becuase they include intangibles such as the feel of the neighborhood, the view, or the feeling created by the combination of wall, cabinet, trim, and flooring color and design.  We are all influenced by these intangibles–this is what makes us declare a home “Perfect” or “I’ll pass.” 

When we show homes, we always start with the tangibles–usually location, bedrooms, and square feet.  As we tour each house, we listen for what you REALLY want (or don’t want) in a home–and narrow it down until we find a place that works perfectly for you. 

 

 

The first list is for an actual client, just in case your home fits and you’re interested in selling.    We never know when a new buyer will come along with a new wish list, so let us know if you’re getting ready to sell, or if you’re just curious to know the value of your home.  Also let us know what your own wish list includes! 

 

 

 

Happy New Year from your Tri-Cities Realtors!

Merry Christmas and Happy New Year!

 

We are celebrating a successful year in Real Estate–many of our clients have been friends or referrals.  We are so grateful for your support!

We have 5 active listings currently on the market, and we’re gearing up for new listings and buyers in 2012.  Give us a call if you know of anyone buying, selling, or building in the Tri-Cities–we can give you and your friends a great deal!  If you’re curious about the value of your home, we can help you with a free neighborhood/market analysis too. 

 Happy New Year!

 

 

 

 

December 2011 Real Estate Stats for the Tri-Cities

Today is the last day of December, and we’re happy to report the monthly tentative stats for the Tri-Cities and surrounding areas (keep in mind this includes residential, commercial, and land sales):

Tri-Cities MLS - December 2011 Stats

In December, the Tri-Cities area had 309 closed sales, plus 433 pending sales (under contract).  There were 281 new listings and 123 expired listings (many may already be re-listed).  237 houses changed their list price in an attempt to draw offers. 

It’s still a buyer’s market, but houses are selling!  In fact, more houses were sold than listed this month.  We’re lucky to live in an area with a steady housing market;  interest rates are still low, so it’s a great time to buy a new home!

Please contact us if you’d like to know the value of your home in today’s market, or if you’d like to view any house listed on the MLS. 

 

 

 

For Sale by Owner vs. Hiring a Realtor

 Many homeowners try to sell their house by owner.  Before we were Realtors, we tried selling ours by owner too.  We had showings, but no serious buyers–they couldn’t get a loan, wanted to lease, had a house to sell, etc.  We grew tired of keeping our house spotless just in case someone wanted to take a look.  We contacted a Realtor who listed us on the MLS.  Yes, we paid a commission, but the MLS allowed our house to be shown by all local agents, and they brought serious buyers.  Our house sold in just over 1 month!  

There are so many benefits to hiring an agent.  Approximately 93% of homes are sold though MLS listings–serious (and prequalified!) buyers use an agent because it’s free for them.  Your agent will advertise your house, negotiate in your behalf, prepare your paperwork, and coordinate smooth transactions with the buyer’s agent, loan officer, & title company.  And in the event that something goes wrong, you have a representative who is dedicated to helping you.  Priceless. 

If you still decide to sell by owner, we’ll give you a free market analysis and wish you the best of luck.  If you decide to invest in a Realtor, we’d love to list your house.  We’re a local company with no national advertising expenses, so we can give you a great deal.  And remember, the seller pays all agent fees, so it’s FREE for you to use us as your Realtor when it’s time to buy your new home! 

 

 

 

 

SOLD! Kennewick Park House for Sale $194,900

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 Just listed–8914 W Falls Ave, Kennewick.  This beautifully updated home in desirable Kennewick Park neighborhood has 4 bedrooms + bonus, 2.75 baths, 1995 sq ft, and a .18 acre lot.  The kitchen has been remodeled with wood flooring, granite tile countertops (including an eat-in breakfast bar with room for the whole gang), and extra cabinets.  In the living room you’ll find a stone fireplace, vaulted ceiling, and wood flooring.  Master and 2 bedrooms upstairs; 4th bedroom + bonus room downstairs.  The daylight basement is complete with huge family room and laundry area.  The yard is beautiful and the back is fully fenced.  You’ll love the upper deck & lower concrete patios.  Fully fenced, storage shed.  Professionally cleaned including carpet!  Located on a quiet street just 1 block from Sunset View grade school.  Priced at $194,900.  MLS #179699.

 

The Evergreen State? Read the fine print if you’re moving to the Tri-Cities!

 It is important to read the fine print, especially when moving to the Evergreen State.  Washington is known nationwide to be beautiful, rainy, and green–Evergreen.   If you’re moving from another state, you may be surprised to learn that the Tri-Cities is located in a desert, with just 7-8 inches of rain per year.  All the moisture that comes in from the Pacific Ocean runs smack into the Cascade Mountain range, creating the Olympic rain forests and cloudy Seattle skies.  The Western side gets all the precipitation, with the mountain range creating a rainshadow effect over the Columbia Basin.  The Tri-Cities is located along the Columbia River, at the convergence of the Snake and Yakima Rivers.  So although we don’t have much moisture in the air, we do have beautiful sunny skies and plenty of water in the rivers for irrigation and recreation.  Our unique area gives us hot summers, crisp falls with gorgeous color, mild winters with just enough snow to sled occasionally, and gorgeous warm springs.  Our weather allows us to grow huge evergreen trees as well as delicious peach and apple orchards, and we wouldn’t trade it for anything! 

 

Welcome to our Tri-Cities, WA Real Estate website and blog!

Welcome to our new website and Real Estate blog!  Here you will find information about buying, selling, building, and living in the Tri-Cities.  Click “Home” to read about Real Estate, “About Us” for more information about us and what we can do for you, “Our Listings” for detailed information about our featured properties, and “Property Search” to narrow down your search for the perfect home.