Tri-City Area and Real Estate Blog

Are you curious to know about the Tri-Cities Real Estate Market and how it is doing this week?

Check out “The Tri-Cities Real Estate Market” section on Distinctive Properties, Inc. Trusted Links webpage below…

http://www.distinctiveprop.com/relocate/

Not only can you view this weeks real estate stats, but we keep 6 weeks worth of statistics posted for you enjoyment!

Here are this week’s real estate statistics for real estate in and around the Tri-Cities, Washington, provided by Distinctive Properties, Inc.  Read more http://www.distinctiveprop.com/files/files/5.24.2010Stats.pdf

According to Smartmoney.com, the Tri Cities is listed as number 1 among the top 5 communities in the nation that will see increases in home prices for the 4th quarter of 2010, with increases just under 4 percent.  The Tri Cities has seen a stable real estate market and continued job growth throughout the period of time that the rest of the country has been experiencing major decline in housing and job markets. Construction permits in Kennewick, Pasco and Richland have grown with Kennewick seeing increases over over 100 in the same period from 2009. CNN money.com reports that Kennewick appears to have gone against the tide with a slight gain in comparison to other communities. “The biggest winner will be in the Kennewick metro area where home prices ramped up 8.9 percent over the past three years and are expected to go up 3.4 percent by June 2010.”

Dr. Arun Raha, Washington State Chief Economist reported lately that our state will lead the country in the recovery. He said that getting folks out to buy a house….or even a strip mall will assist revenues to surpass forecasts.

101 and counting! That’s the number of certifiedgreen homes in the Tri-Cities according to the Home Builders Association and their Tri Cities Built Green Program. In the program, homes are promoted to be built green and when done so, they are certified to the Built Green standards.

There are three levels to which builders can certify their homes. It is the desire of the HBA to expand the program to also include light commerical, developments and remodeling projects.

Yes even here in the desert, a little green can shine brightly through in our real estate/housing market.

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