Exciting New Listings in Spokane’s Real Estate Market

The Spokane real estate market is buzzing with activity as new listings hit the market, offering diverse options for potential homebuyers. Among the top three new listings, each property showcases unique features and price points, catering to various preferences and budgets. These listings come at an interesting time in the market, as Spokane experiences a temporary plateau in prices, potentially creating opportunities for both buyers and sellers.

Leading the pack is a stunning property located at 3805 W Crown Ave, Spokane, WA 99205. Listed by Windermere City Group for $495,000, this home stands out as the most expensive of the three new listings. While specific details about the property are not provided, its price point suggests it likely offers substantial space and desirable features for discerning buyers.

For those seeking a more modest option, the property at 608 W Kiernan Ave, Spokane, WA 99205 presents an attractive opportunity. Listed by Selkirk Residential for $280,000, this home falls within a price range that may appeal to first-time homebuyers or those looking to downsize. Interested parties can find more information about this listing and others at forsalespokane.com.

Affordable Condo Option in Downtown Spokane

Rounding out the top three new listings is a charming condo located at 2404 W 2nd Ave APT K, Spokane, WA 99201. This cozy abode, listed by John L Scott, Spokane Valley for $189,500, offers 1 bedroom, 1 bathroom, and 665 square feet of living space. Its affordable price point and downtown location make it an ideal choice for young professionals or those seeking a low-maintenance lifestyle in the heart of the city.

These new listings come at a time when the Spokane real estate market is showing interesting trends. Mortgage rates are currently hovering around 7%, with experts predicting a potential drop to a six-handle in the near future. This, coupled with a significant bounce in mortgage application rates in June, could indicate a positive trend in pending home sales. Buyers interested in these properties or others in the Spokane area can explore their options at forsalespokane.com.

Regional Market Insights: Coeur d’Alene

While focusing on Spokane, it’s worth noting the trends in the nearby Coeur d’Alene market. Despite a 10.9% year-over-year decline in actual sales, which is more pronounced than the national decline of 6.6%, the area has seen an 8.12% increase in median home prices, reaching $545,000. The current inventory translates to a 5.8-month supply, typically indicating a balanced market and price stabilization. With average days on market at 82.5 days and trending downward, the Coeur d’Alene market shows signs of resilience amidst changing conditions.