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Thank you Spokesman Review!

Very excited to have been featured in the latest real estate article in The Spokesman-Review along side some of my sweetest clients! See quotes from the article below by Becky Kramer — beckyk@spokesman.com (509) 459-5466


Spokane’s affordable housing, pace of life attract people priced out of other West Coast cities.

Spokane’s housing prices are attracting people to the area. In a recent article, Realtor.com put Spokane at the top of the list of “10 Affordable, Midsize Cities” for buyers.

In March, the median home price for houses and condos in Spokane County was $219,000. In the city of Seattle, prices were more than $800,000 for a single-family home.

Chelsea McFarland, a broker for Prime Real Estate Group in Spokane, said the Realtor.com article captures what she’s seeing. Most of her clients are from out of state.

“I’m not just selling houses, but Spokane in general,” said McFarland, herself a Los Angeles transplant.

Her clients include young couples priced out of other West Coast markets and people nearing retirement who don’t want to deplete their savings paying for housing. They’re looking for a slower pace of life, but they also want urban attributes, McFarland said.


After a dozen years in Seattle, Kate and Mario Quintana, both 36, moved to a house in Spokane’s Perry District in October. Their house in Seattle’s Beacon Hill neighborhood was appreciating rapidly in value, but they were ready for a change.

“I loved Seattle when I didn’t have a child,” Kate Quintana said. But navigating the congested city with their 2-year-old son, Luca, wasn’t ideal, she said. “We were on a busy street. I wanted to have a yard and a slower pace of life.”

Kate Quintana grew up in Spokane, and living near her parents was a draw. McFarland, their real estate agent, alerted the couple when a four-bedroom house on a roomy, 1-acre lot was listed.

“I wanted Old World charm around the South Hill,” Kate Quintana said. “This house came on the market, and we couldn’t say no.”

The couple are self-employed, which gives them flexibility on where they live. Mario shoots and edits videos for commercial clients. Kate is an illustrator and portrait artist.

They paid about $370,000 for 3,000-square-foot house. The couple get deer in their yard but live within a short walk of the Perry District’s commercial area.

“We feel like we haven’t lost that city life,” Kate Quintana said. “It’s the best of all worlds.”


Amana Nova researched housing prices in Portland, Seattle and several Northern California cities before moving to Spokane in late 2016.

“It was all very expensive,” the former Laguna Beach, California, resident said of the other West Coast locations. “It wasn’t going to be affordable.”

Nova, 61, is semiretired. She found a two-bedroom house on the lower South Hill near Huckleberry’s Natural Market for $214,000. The 1930s cottage has wood floors, a fireplace and a studio, where she makes fused glass artwork.

“I think I got a good deal,” Nova said. “In Southern California, you can’t even look at a house for less than $500,000. … I was able to buy up here for half of what my rental payment was.”

Spokane’s natural beauty impressed Nova, but she also wanted urban experiences. A strong arts community, live concerts and yoga classes were on her list of must-haves.

“I wasn’t going to live in the middle of nowhere,” she said. “I literally went online to make sure there was a Trader Joe’s.”

Nova feels at home in Spokane, where she finds people friendly and open to getting to know new residents.

“It’s not snobby,” she said. “There’s not an ‘Oh, you’re from California’ ” reaction.


Read full article on link below:
http://www.spokesman.com/stories/2018/apr/29/spokanes-affordable-housing-pace-of-life-attract-p/

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Millennial homebuyers may have Spokane on their radar

In a recent article published by Inman titled “Which markets are most popular for millennial homebuyers?” the author Deidre Woollard hits on a very hot real estate topic! Woollard points out in the article that millennials will be the largest section of homebuyers for quite some time to come. She writes, “more and more millennials are reaching the point in their lives where they are ready to buy a home, but they are entering a highly competitive housing market that has been plagued by low inventory, especially among entry-level homes…”

The main trend Woolard illustrates through recent studies by Lending Tree is that people buy where they can afford to buy. What does this mean? It truly comes down to two main factors, the city simply must have a combination of decent jobs available and an adequate supply of starter homes to choose from.

So, does Spokane fit that bill?

Spokane is “the center of the third largest urban area in the Pacific Northwest (after Seattle and Portland) and retains the distinction of being the largest city on the Interstate highway and rail corridor between Seattle and Minneapolis, a span of over 1,600 miles.” (Wikipedia)

Realtor.com recently named Spokane the #1 Real Estate Market to watch in the United States in a recent article titled “Cost-Conscious Buyers Are Flocking to These 10 Affordable, Midsize Cities” by April Corbin. The article suggests that because of the “…severe housing shortage, sky-high home prices, and equally towering costs of living in the priciest cities are pushing wannabe home buyers to seek out smaller, more affordable metro markets around the nation.” Corbin argues in her article that Spokane makes sense for those on a budget, as the median home price in the metro is an affordable $269,050 (a bit less than the national median of $274,900) and just over half of what it would cost to live in the Seattle metro area.

And to seal the deal, Spokane was also ranked the 7th most hipster city in the United States on the US Hipster Index outranking Los Angeles (133rd), New York (143rd) and even San Francisco (61st). In case you aren’t hip to the Hipster Index criteria, it draws from five data points… the number of microbreweries, thrift stores, vegan restaurants, and tattoo studios per 100,000 city residents, as well as factoring in the rent inflation for the past year.

With interest rates rising, inventory rates still dwindling and prices still creeping up, for some buyers, the dream of homeownership may require a move… and Spokane may be a perfect fit!

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OPEN HOUSE SATURDAY, JAN 27 (1-3PM)

7108 S Parkridge Blvd, SPOKANE WA 99224
3 BEDROOMS | 3 BATHROOMS | 1,746 SQ FT | 3 CAR GARAGE
$299,000

Stunning two level home in Eagle Ridge! With views off to the NE, this home is ideally situated in the midst of parks, trails, and yet maintains ease of access to Spokane. Main floor entertaining with open concept living space and stainless steel kitchen opens up to a nicely landscaped and fenced backyard. Upstairs is the living area with a spacious master, bright master bathroom, and giant walk-in closet. The other two bedrooms have a jack and jill bathroom between them, pleasant views, and large closets.

7108 S PARK RIDGE BLVD, SPOKANE

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Spokane Market Update

Results are in for November!
Spokane Real Estate Sales are up 15.6%, Average Price is up 12% and our inventory is still way down!!
Looking to sell? Now is the time! Winter has nothing on this seller’s market! 

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A two-year, $51.9 million community investment plan

“Now we are starting to target dollars to West Plains…” – Ben Stuckart Spokane City Council, President

Article via Jeff Humphrey, SpokaneCity.org

A strategic plan to invest in the quality of life of our city now has a financial plan to go with it.

The Spokane City Council approved a plan to invest $51.9 million over the next two years in the health, safety, infrastructure, urban experience, and financial health of the city. The series of one-time investments accelerate street improvements, encourage development, promote water conservation, and invest in recreation, the arts, public safety, homelessness, and reserves. They are possible because of the city’s financial discipline over the past six years and an improved economy.

“These are all things we planned to do,” Spokane Mayor David Condon said. “The economy is allowing us to accelerate them and make generational, catalytic investments in economic vitality.”

Condon and the City Council have spent more than a year developing a joint strategic plan for the city. The plan, also approved by the City Council, integrates two branches of government, three boards, eight divisions and 42 departments around a one vision, one plan and one voice.

Strategic initiatives focus in four key areas:  Safe and Healthy; Urban Experience; Innovative Infrastructure; and Sustainable Resources. Tactics support increases in median household incomes, property values, livable-wage jobs, bond rating, population growth, and social capital, and building the safest city of like-sized cities.

“This plan shifts the city’s economic development approach to a philosophy of organizational responsibility,” Councilmember Amber Waldref said. “It acknowledges that the city is an important regional economic driver.”

Plan highlights include $10 million to accelerate street improvements by advancing the thin grind-and-overlay pilot on arterials as a longer-term solution to chronic potholes, improving residential and unimproved streets, and making infrastructure investments in the target development areas. Another $12 million has been set aside to keep the focus on the river by completing a 3-mile river side trail, improving river access and leveraging the Riverfront Spokane investment to functionally expand the western boundaries of the park to the Monroe Street Bridge.

Safety remains a top priority with $15 million to purchase public safety vehicles and equipment, increase housing for our most vulnerable, and invest in clean and safe neighborhoods. Another $4.5 million will replenish the city’s rainy day fund and advance centers of excellence in targeted areas.

“Financial discipline is delivering a generational investment in the economic vitality of the community,” City Council President Ben Stuckart said.

Nine different sources of money – new, reallocated and existing – are being spread across approximately 20 different areas. Investments were chosen based on a criteria requiring that projects further a strategic outcome, be achievable without adding ongoing cost, leave the investment source healthy, and return either increased revenue or a cost reduction.

“The plan is unique for Spokane and integrated in its resources and outcomes,” Councilmember Lori Kinnear said.

BuyLand_1

Buy Land—Market Update

“Buy land, they’re not making it anymore.” -Mark Twain

Need some space? Get some acreage!
Check out the active homes for sale with up to 10 acres in the Spokane area HERE: https://goo.gl/RZpT5r

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NEW WEST PLAINS LISTING—COMING SOON! 


Showings by appointment only starting 10/30/17. Please call Chelsea to schedule a showing! (509) 565-1581


Take a deep breath and find your way home to this beautiful Malloy Prairie 5-acre retreat. Built in 1980, 2 bedrooms, 1 bathroom manufactured home– 864 sq. ft. Open kitchen with rustic wooden cabinets and beautiful backyard view. Home also includes heated shop, 1-car detached garage/storage, fenced garden, chicken coop/run, root cellar, outhouse, storage shed.  Acreage is treed, peaceful and private and located only 25 minutes from downtown Spokane (with quick, easy access to the airport and Fairchild AFB).

Scroll through photo slideshow below!
https://flic.kr/s/aHskvFHGJk

15906 S MALLOY PRAIRIE RD

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View Listing Details — Zillow “Coming Soon”

 

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Median Home Prices—LA to Spokane

The following stats were calculated by applying the House Price Index growth from FHFA to the latest housing data from the American Community Survey (ACS). 


And… what will that money buy you? 

I’ve said it before and I will say it again….. #MoveNorth


327 N Mountain View Ave Los Angeles (view listing)
3325 E 18th Ave, Spokane (view listing)