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. 

 

 

 

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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! 

 

 

 

 

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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.

 

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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! 

 

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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. 

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