Tri-City Area and Real Estate Blog

Check this out….                   

See what’s happening in the Tri-Cities Real Estate Market this week!   http://www.distinctiveprop.com/files/files/11.14.2011Stats.pdf

In November and December, Realtors across the Tri-Cities will come together to participate in service of their communities by raising food and funds for 2nd Harvest. 

Bags will be dropped off  on their neighborhood doorsteps and bags and donations will be picked up December 2nd, 2011 and all donations will be be delivered to KNDU the morning of December 3, 2011.

Read this article if you Buying or Selling or even renting. Great information. Remember we are always here to help with information serving the greater Tri-city Area of WA.

http://wahomeowners.com/1249/five-great-things-about-homeownership

The Washington Realtors have on article in wahomeowners that older Americans should be aware off. If you know of someone that would benefit from this information conserning the foreclosure scams, pass this along.

http://wahomeowners.com/1260/older-americans-are-prime-targets-in-red-hot-foreclosure-scams

Please Help Us Spread the Word!

Despite the Tri-City market slowing a little, some areas are competing more for buyers, due to the increase in listings, causing the prices to soften. We are still growing and prospering. We are selling between 285 to 300 homes a month for 2011. Inventory has increased the pressure on current prices.

The following is a computation from Tridec showing how well we are doing. With rates this low and prices competitive, this is a great time to buy. It is an ok time to sell, you just have to be realistic and look at your competition. If you do not have the desire to sell or the move is not worth the realistic price, if you are moving outside of this market area, then you should not sell. If you move up as a seller, within our market area, you will make up any difference and more in the move. Look at the silver lining this move will gain for you. Give me a call and I can explain it to you so you do not miss an opportunity in this market. ( The Tri-City market include: Kennewick, Richland, Pasco, W-Richland, Finnley.)

Tridec published the following information:

 POPULATION

                                                         2000 Census        2010 Census    2011 Estimate

Kennewick-Pasco-Richland      191,822………253,340……….258,400

 Kennewick                                      142,475……..175,177………177,400

Richland                                           38,708………..48,058………..49,090

West Richland                                   8,385………..11,811…………12,200

Franklin county                           49,347………..78,163………..80,500

Pasco                                                 32,066……….59,781………..61,000

WORKFORCE

Labor Force ……………………………138,100

Employment……………………………127,945

Unemployment………………………..10,155

Unemployment Rate……………………..7.4%

                         Composite Index……Housing …….Utilities…..Transportation

Tri-Cities, WA                       93.3             91.5              88.3                  104.3

Seattle, WA                            120.0          134.4            89.9                   112.4

Spokane, WA                          92.7             85.5             74.1                   101.6

Yakima, WA                              92.8           86.6             82.5                    100.6

Portland-Vancouver, OR-WA 111.1    123.6          91.6                    114.6

Oakland,CA                             137.9           198.6           98.3                   109.5

Reno, NV                                  96.1                90.3            92.1                    103.7