Tri-City Area and Real Estate Blog

The Tri-Cities housing market has picked up quite a bit this year for the most part due to the $8000.00 first time home buyer’s tax credit. The commercial real estate market is still slow but we are hoping for it to turn around by the end of this year. Meadow Part Estate has two home on the market one that is being constructed at 133 Erica by Master Homes LLC priced at $214,900.00 the other 2980 Bruce Lee Lane is Bank Owned and priced at $255,950.00 If you would like to see any of these homes call me at 366-3916 and we can tour them.

Sid Hodge your neighborhood realtor

366-3916

As of May 1, 2009, all the homes in our sub-division that were for sale have either sold or have been taken off the market. It really is a good time to put your home on the market if you are thinking of selling. The interest rates are low and with the $8000.00 dollars first time home buyer incentive, homes that are priced right are moving fast. There were approximately 250 homes sold through April 30, 2009 but only 21 that were priced over $300,000.00. If you are interested in selling or buying a home, feel free to call me for a free home Market Analysis.

Sid Hodge, your neighborhood Realtor

509-366-3916

The road construction is a mess but we still have had real estate active in our subdivision. The home at 157 Erica Dr has gone under contract and should close soon the sale price was approx. $213,000. 118 Erica Dr has been taken off the market for a while but could come back on. A home on Chad Ct, on the East side as you pull in to the subdivision, will be on the market soon. The price is unknown as of yet.

The $8000.00 tax credit for new home buyers has created some home buying activity recently. If you know someone who is a first time home buyer or has not owned a home in the last 3 years have them call me and we’ll find them a home.

Sid Hodge 509-366-3916 

There have been no home sells recorded this year in Meadow Parke Estates . We know that there has been good activity on 157 Erica Dr but no solid offers as yet. Irrigation water should be turned on mid-April watch your faucets. The road construction between Rachel and Lorayne J will continue through April so taking Lorayne J to Mattis is much easier on your car. 

If you have any Real Estate questions please call me at Distinctive property 509-783-1431 or my cell 509-366-3916.

Sid Hodge  

The recently-passed economic stimulus package increased the first time home buyers credit to $8000.00. To qualify you must be a first time home buyer or have not purchased or sold your primary home in the last 3 years. To capitalize on this benefit you must purchase your home this year January 1, 2009-December 31, 2009. The money does not have to be paid back as long as you live in the home 3 years. Just think about how large your your 2009 tax return could be with this $8000.00 tax Credit.

In the Tri-cities the home inventory is good, the interest rate is lower than it has been in years and sellers are ready to deal. There has never been a better time to buy. Call me for more information or if you want to buy or sell a home.

Sid Hodge

Your neighborhood Realtor

The following homes are currently for sale:

     Address       Price        Bed rm/baths      Style     Sq Ft    Price/Sq Ft

157 Erica  Dr     $219,450.      3/2           Rambler    2024      $108.42

75 Travis Ln      $249,900.      4/2.5        2 Story     2607      $95.86

118 Erica Dr      $310,000.       5/3          2 Story     2708      $114.48

132 Erica Dr      $349,328        3/2.5       1.5 Story   2800      $124.76

The following homes sold in the last 13 months:

165 Chad Ct     $223,000         4/2.5        2 Story      2224     $100.27

60 Travis Ln     $228,000         3/2.5        Rambler     1933      $117.95

61 Travis Ln     $237,500         4/2.5        2 Story      2631      $90.27

150 Andrea Ln  $244,500         3/2.5        Rambler     2528      $96.72

106 Andrea Ln $285,000          4/2.5       2 Story       2937      $97.04

176 Andrea Ln $342,000          4/3+        2 Story       2888     $118.42