Tri-Cites WA Real Estate Market Update

January 7th, 2012

Here is the Kenmore Team month end real estate market update for the month of December 2011.

December 2011
Active Listings = 1075
Listings Sold = 235
Average Sold Price = $203,900
Listings Under Contract = 211
Average Days on the Market = 95

As compared to last month our active listing inventory decreased from 1170 to 1075. Our listings sold decreased slightly from 241 to 235. Our listings under contract also decreased from 237 to 211. Average days on the market increased from 69 to 95 days.

Here is what is sold in December by price breakdown…
$0,000 – $149,999 = 36%
$150,000 – $199,999 = 27%
$200,000-$249,999 = 17%
$250,000-$299,999 = 10%
$300,000-$349,999 = 5%
$350,000-$399,999 =2%
$400,000-$499,999 = 2%
$500,000+ = 2 homes sold

The December housing market showed some seasonal slowing. However, for those  home sellers in the $250,000-$350,000 range we finally had some increased movement increasing by 5% of the homes sold in December. Interest rates are predicted to continue to stay low this year. If the first week of January is any indication, 2012 looks to be great!

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

December 7th, 2011

Here is the Kenmore Team month end real estate market update for the month of November 2011.

November 2011
Active Listings = 1170
Listings Sold = 229
Average Sold Price = $181,100
Listings Under Contract = 237
Average Days on the Market = 69

As compared to last month our active listing inventory decreased from 1234 to 1170. Our listings sold decreased slightly from 232 to 229. Our listings under contract also decreased from 299 to 237. Average days on the market increased slightly from 64 to 69 days.

Here is what is sold in November by price breakdown…
$0,000 – $149,999 = 42% (increased by 10%)
$150,000 – $199,999 = 26% (decreased by 5%)
$200,000-$249,999 = 17%
$250,000-$299,999 = 8%
$300,000-$349,999 = 3%
$350,000-$399,999 =2%
$400,000-$499,999 = 2%
$500,000+ = 1 home sold

The November housing market slowed in all areas. However, it appears the first time homebuyers are taking full advantage of the still incredibly low interest rates, capturing 68% of the homes sold in November. If you have a home to sell in this price range, now may be the time to get a quick sell and move up with these great interest rates.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

November 8th, 2011

Here is the Kenmore Team month end real estate market update for the month of October 2011.

October 2011
Active Listings = 1234
Listings Sold = 218
Average Sold Price = $203,400
Listings Under Contract = 299
Average Days on the Market = 64

As compared to last month our active listing inventory decreased from 1306 to 1234. Our listings sold also decreased from 259 homes sold in September compared to 218 sold in October. Our listings under contract remained consistent at 299 compared to 295 last month. Average days on the market increased slightly from 61 to 64 days.

Here is what is sold in October by price breakdown…
$0,000 – $149,999 = 32%
$150,000 – $199,999 = 31%
$200,000-$249,999 = 16%
$250,000-$299,999 = 11%
$300,000-$349,999 = 3%
$350,000-$399,999 =4%
$400,000-$499,999 = 2%
$500,000+ = 3 homes sold

The October housing slowed some as compared to the previous month. We still have quite a large inventory of homes on the market as compared to previous years at this same time. So, if you are in the market to purchase a home, you have choices and unbelievably low interest rates.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

October 6th, 2011

Here is the Kenmore Team month end real estate market update for the month of September 2011.

September 2011
Active Listings = 1306
Listings Sold = 247
Average Sold Price = $202,200
Listings Under Contract = 295
Average Days on the Market = 61

As compared to last month our active listing inventory decreased slightly from 1388 to 1306. Our listings sold remained consistent at 247 homes sold in September compared to 253 sold in August. Our listings under contract also remained consistent at 295 compared to 293 last month. Average days on the market increased slightly from 55 to 61 days.

Here is what is sold in September by price breakdown…
$0,000 – $149,999 = 26%
$150,000 – $199,999 = 33%
$200,000-$249,999 = 15%
$250,000-$299,999 = 16%
$300,000-$349,999 = 5%
$350,000-$399,999 =3%
$400,000-$499,999 = 2%
$500,000+ = 1 home sold

The September housing market once again looked much like the previous month. We continue to have quite a large inventory of homes on the market as compared to previous years. So, if you are in the market to purchase a home, there is much to choose from, and continue to keep an eye on those interest rates, they are remaining unbelievably low.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

September 6th, 2011

Here is the Kenmore Team month end real estate market update for the month of August 2011.

August 2011
Active Listings = 1388
Listings Sold = 243
Average Sold Price = $205,000
Listings Under Contract = 293
Average Days on the Market = 55

As compared to last month our active listing inventory remained nearly the same at 1388 compared to 1383 last month. Our listings sold decreased from 274 homes sold in July to 243 sold in August. Our listings under contract increased slightly from 285 to 293. Average days on the market decreased from 62 to 55.

Here is what is sold in August by price breakdown…
$0,000 – $149,999 = 33%
$150,000 – $199,999 = 28%
$200,000-$249,999 = 13%
$250,000-$299,999 = 13%
$300,000-$349,999 = 5%
$350,000-$399,999 =4%
$400,000-$499,999 = 4%
$500,000+ = 2 homes sold

The August housing market looked much like July. We have quite a large inventory of homes on the market as compared to previous years. If you are in the market to purchase a home, there is much to choose from, and watch those interest rates, they are truly unbelievably low. At one point last week I saw the 15-year dip down below 3%.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

August 5th, 2011

Here is the Kenmore Team month end real estate market update for the month of July 2011.

July 2011
Active Listings = 1383
Listings Sold = 267
Average Sold Price = $211,100
Listings Under Contract = 285
Average Days on the Market = 62

As compared to last month our active listing inventory increased from 1238 to 1383. Our listings sold increased from 286 homes sold in June to 267 sold in July. Our listings under contract also decreased from 343 to 285. Average days on the market increased from 54 to 62.

Here is what is sold in July by price breakdown…
$0,000 – $149,999 = 27%
$150,000 – $199,999 = 32%
$200,000-$249,999 = 13%
$250,000-$299,999 = 12%
$300,000-$349,999 = 6%
$350,000-$399,999 =4%
$400,000-$499,999 = 3%
$500,000+ = 7 homes sold

The July housing market slowed some which is typical for this time of year. We will watch closely to what happens in the coming months to be sure it’s not a trend.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

July 7th, 2011

Here is the Kenmore Team month end real estate market update for the month of June 2011.

June 2011
Active Listings = 1238
Listings Sold = 273
Average Sold Price = $204,700
Listings Under Contract = 343
Average Days on the Market = 54

As compared to last month our numbers increased slightly across the board. Our active listing inventory increased from 1202 to 1238. Our listings sold increased from 254 homes sold in May to 273 sold in June. Our listings under contract also increased from 307 to 343. Average days on the market stayed pretty much the same from 56 to 54.

Here is what is sold in June by price breakdown…
$0,000 – $149,999 = 31%
$150,000 – $199,999 = 29%
$200,000-$249,999 = 16%
$250,000-$299,999 = 11%
$300,000-$349,999 = 5%
$350,000-$399,999 =3%
$400,000-$499,999 = 3%
$500,000+ = 6 homes sold

The June housing market was stable, reflected by the increase in the number of homes sold, and looks to continue according to the number of homes under contract. Interest rates remain at an all time low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

June 3rd, 2011

Here is the Kenmore Team month end real estate market update for the month of May 2011.

May 2011
Active Listings = 1202
Listings Sold = 238
Average Sold Price = $207,600
Listings Under Contract = 307
Average Days on the Market = 56

As compared to last month our numbers decreased slightly with the exception of our active listing inventory. Our active listing inventory increased from 1128 to 1202. However, our listings sold decreased slightly from 255 homes sold in April to 238 sold in May. Our listings under contract also decreased just slightly from 314 to 307. Surprisingly average days on the market dropped by 2 weeks from 70 to 56.

Here is what is sold in May by price breakdown…

$0,000 – $149,999 = 28%
$150,000 – $199,999 = 32%
$200,000-$249,999 = 15%
$250,000-$299,999 = 9%
$300,000-$349,999 = 7% (increased by 5%)
$350,000-$399,999 =5%
$400,000-$499,999 = 3%
$500,000+ = 3 homes sold

The May housing market was flat once again, reflected by the number of homes sold, and looks to continue according to the number of homes under contract. However, interest rates remain at an all time low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

May 6th, 2011

Here is the Kenmore Team month end real estate market update for the month of April 2011.

April 2011
Active Listings = 1128
Listings Sold = 246
Average Sold Price = $194,000
Listings Under Contract = 314
Average Days on the Market = 70

As compared to last month our numbers pretty much stayed the same. Our active listing inventory increased from 1021 to 1128. Our listings sold increased slightly from 243 homes sold in March to 246 sold in April. Our listings under contract also increased just slightly from 312 to 314. Average days on the market stayed exactly the same at 70.

Here is what is sold in April by price breakdown…

$0,000 – $149,999 = 33%
$150,000 – $199,999 = 30%
$200,000-$249,999 = 19%
$250,000-$299,999 = 12%
$300,000-$349,999 = 2%
$350,000-$399,999 =2%
$400,000-$499,999 = 1%
$500,000+ = 4 homes sold

The April housing market was flat, reflected by the number of homes sold, and looks to continue according to the number of homes under contract. Interest rates remain low, so if you are looking to purchase a home, now may be the time.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.

April 8th, 2011

Here is the Kenmore Team month end real estate market update for the month of March 2011.

March 2011
Active Listings = 1021
Listings Sold = 217
Average Sold Price = $196,400
Listings Under Contract = 312
Average Days on the Market = 70

As compared to last month, our active listing inventory increased from 979 to 1021. Our listings sold increased from 170 homes sold in February to 217 sold in March. Our listings under contract also increased from 279 to 312. Average days on the market stayed exactly the same at 70.

Here is what is sold in March by price breakdown…

$0,000 – $149,999 = 37%
$150,000 – $199,999 = 27%
$200,000-$249,999 = 14%
$250,000-$299,999 = 10%
$300,000-$349,999 = 6%
$350,000-$399,999 = 2%
$400,000-$499,999 = 2%
$500,000+ = 4 homes sold 

The March housing market again gained momentum, reflected by the number of homes sold, and looks to continue according to the number of homes under contract.

As always, when the time is right for you or you know someone that could use our help buying or selling their home in Tri-Cities, WA please feel free to contact the Kenmore Team at (509) 735-1025. We look forward to hearing from you soon.