The Rental Market:
For those of you who are planning on renting for a while before you buy, it could be tough. Apartment complexes are about 98% full with waiting lists. Rental homes are being rented nearly as soon as they are available. What to do? Register with Property Managers to be notified of available properties BEFORE they are offered to the general public. Good luck! Let me know if you need assistance.
Homes For Sale/April 2010 Results:
For those of you who are planning on renting for a while before you buy, it could be tough. Apartment complexes are about 98% full with waiting lists. Rental homes are being rented nearly as soon as they are available. What to do? Register with Property Managers to be notified of available properties BEFORE they are offered to the general public. Good luck! Let me know if you need assistance.
Homes For Sale/April 2010 Results:
- Includes Stick Built Homes Sold in Kennewick, Pasco, Richland, Burbank, Benton City, West Richland, and Findley combined.
- Existing Home Sales: for the month of April 2010, 226 homes sold, up 52% over April 2009, and 36% higher than April 2008!! It took an average of 93 days to sell an existing home and the median home price was $164,5000, up over both 2009 and 2008 values.
- New Stick-Built Home Sales: For the month of April 2010, New Home Sales were 102 units, up 27% over April 2009 and up 73% over April 2008!! The median purchase price is still lower than 2008, but has increased slightly over 2009 values.
- General Observations: It's been a very strong real estate market. Though the housing tax program is now closed to all but active service personnel, the market remains very strong.
Note: The results are based on data from November 2008 and November 2009 and were taken from the Tri-City Assocation of REALTORS' Multiple Listing Service (MLS) data base.
