Walla Walla Real Estate

Walla Walla & College Place June Statistics

Williams Team — Wed, 09 Jul 2008 17:28:39 +0000

Here are the statistics for June…

457 Homes on the market

139 Average days on the market

$230,080 Average sale price

$197,000 Median sale price

And compared to June 2007…

370 Homes on the market

121 Average days on the market

$238,001 Average sale price

$199,900 Median sale price

If you are interested in receiving these statistics, please e-mail us, and we would be glad to get them to you.

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May Statistics for Walla Walla & College Place

Williams Team — Wed, 11 Jun 2008 19:39:36 +0000

May 2008

437 Homes on the market

137 Average days on the market

$250,593 Average sale price

$189,500 Median sale price

Now compare to the statistics in May 2007

362 Homes on the market

118 Average days on the market

$234,486 Average sale price

$209,900 Median sale price

Here is a link for the monthly-statistical-charts-april-2008.xls This is a great tool for you to find out what the Real Estate market is like in Walla Walla and College Place. This excel file has bars to help easily compare year to year, and city to city.

If you are interested in receiving these statistics, please e-mail us, and we would be glad to get them to you.

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Relocating Because You Want To…

Williams Team — Fri, 30 May 2008 19:25:45 +0000

During my career I have met many people who have followed their dreams of relocating somewhere new. Not because of job or family, just because. Most are looking for a different lifestyle. They are pursuing happiness. And they should. With those people in mind, I have a few suggestions on finding the perfect community…

Make a list of activities and hobbies you enjoy? Will this community have those opportunities?

What weather patterns fit your needs most?

How large of a community would you like to live in?

Does this community offer you ample shopping opportunities?

How will the traffic patterns and commutes fit your life style?

What is the cost of housing? Cost of Property Taxes? Cost of Car Insurance?

Will you fit in? When looking for a new community to call home, attend some local functions, eat at their cafes, walk and linger downtown, drive through neighborhoods, find out what the over all feel for the area is. Just don’t choose your destination by the houses that are available to purchase at the time you are there to visit.

The most important piece to relocating is how you feel after you have made the move. Choose your destination, then find your home. Enjoy the journey along the way.

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April Statistics for Walla Walla & College Place

Williams Team — Wed, 07 May 2008 17:35:42 +0000

Walla Walla & College Place Statistics for April…

415 Homes on the market

138 Average days on market

$229,736 Average sale price

$191,500 Median sale price

Compared to April 2007…

333 Homes on market

124 Average days on market

$243,171 Average sale price

$195,000 Median sale price

If you are interested in receiving these statistics, please e-mail us, and we would be glad to get them to you.

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Affordable Housing in Walla Walla

Williams Team — Wed, 02 Apr 2008 18:04:08 +0000

Living and working and investing in your community. This is a dream for many. And as gas prices go up, the cost of commuting to a job means more money out of your pocket.

In Walla Walla, there are some options. Washington School Homes are located in a revitalized neighborhood. Just blocks from down town Walla Walla. This owner occupied neighborhood of 22 homes, has made home ownership a reality to many. The homes are newly constructed with covered front porches, wood floors and artfully designed interiors. These homes compare to a custom built home, yet they are offered at an affordable price with a financing package that is hard to beat in this market. For Example:

Sales Price $187,000.

Fixed Interest Rate 5.75%

APR 5.75%

Total Funds to Close $1541.88

Total Monthly Payment $1,188.16

Estimated PI monthly payment of $996.50 with a monthly PITI of $1,188.16 based on loan amount of $187,000. Offered for a limited time only. Subject to qualifications and approvals. Financing with Banner Bank in Walla Walla, Washington.

With monthly payments that range in the area of a rent payment, Home Ownership can be affordable in Walla Walla. For more information on Washington School Homes go to the following link: http://www.windermere.com/tid205558&showBrand=1

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February Statistics

Williams Team — Mon, 31 Mar 2008 18:04:47 +0000

The Statistics are in for February…

372 Home on the market in Walla Walla & College Place

126 Average days on market

$224,005 Average sale price in Walla Walla & College Place

$202,500 Median sale price in Walla Walla & College Place

Compare to February 2007 Statistics…

261 Homes on the market in Walla Walla & College Place

120 Average days on market

$215,961 Average sale price in Walla Walla & College Place

$188,150 Median sale price in Walla Walla & College Place

If you are interested in receiving these statistics on a monthly basis, please let us know!

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Pricing Your Home to Sell

Williams Team — Tue, 18 Mar 2008 19:41:06 +0000

In the Walla Walla, Washington Real Estate Market, the inventory of homes has increased. In past years, if you put your home on the market, it sold quickly. Multiple offers were common and the selection for Buyers was limited. There were very few new homes on the market. If a Seller listed their home a bit high, it would still sell.

This year we have a larger inventory of new construction. Great for Buyers, but it does make it a bit tougher on the Sellers. Buyers are taking into consideration the cost of replacing older furnaces, roofs, and windows along with basic remodeling costs when purchasing a previously owned home on the market.

With this large inventory, Buyer’s are scrutinizing about what they purchase. Pricing your home to sell in this market is very important. Find out what your property is competing with and view them through a Buyers eye. Is the home priced so you are getting showings? Are you getting a lot of showings but no offers? Find out what the Buyers are saying about the property. Is it the price or is it the condition? Homes are not selling like they did in the past. We need to sell them in the market conditions we have now. Reviewing monthly statistics and taking a look at what has sold in your price range will help you see what you are up against. As a Seller, you need to know what is selling in your market, and how long it is taking to sell a home. You need to know the inventory. What may have seemed like a fair selling price at the time you put your home on the market, may not be competitive in today’s market. Market your homes at a price that will sell. It will save you time and money in the end.

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Staging Your Home to Sell

Williams Team — Mon, 10 Mar 2008 17:24:24 +0000

If you are thinking about putting your home on the market to sell this spring, you may want to consider getting it staged. Clutter can be the largest obstacle. A Buyer looks for space to put their personal items. If too much space is taken, they perceive the room as too small.We suggest clearing off counter tops, even put the toaster in a cupboard. More counter space makes the kitchen feel larger. Remove and rearrange furniture to maximize the size of each room. Clear the top of your refrigerator, coffee tables, night stands and dressers.

The question you are probably asking is, where do I put all of this stuff? We suggest it be stored neatly in your garage, or in a storage unit. Pack it like you would when you move. This saves time packing when your house has sold.

Now that you have more room, take a look at the paint on your walls, the condition of your baseboards, and flooring. Paint should be in a neutral color. Touching up the paint on your walls and baseboards will give your home a clean look. Patch holes as needed. Be sure to spruce up your flooring, by cleaning or resurfacing. Check and replace missing electrical plate covers. Replace the grout on your tubs and showers. Check for missing grout at sink and tile on counter areas.

Don’t forget to clean up. Clean your bathrooms so they sparkle. How do your bathtubs and showers look? In the kitchen be sure to replace your range burner plates and clean the inside of your oven. Wipe off all of your cabinetry and clean your light fixtures. This is a good time to replace missing light bulbs. Wash the windows and doors. Door thresh holds can capture a lot of dirt, especially at a sliding door.

Most Home Buyers will drive by a home before previewing it. Take a close look at the exterior of your home. Clean up debris, weed and trim grass, add fresh bark to the flower beds, clear off the front and back porches. Remove spider webs and dirt from the siding. Touch up paint as needed around window and door trims.

This may sound a bit overwhelming. We suggest making a list and checking it off as you go. Everything does not need to be done in one day. If you purchase your cleaning and repair materials ahead of time, you will be able to fit the smaller jobs in to your schedule during the week. Involve the whole family. Before you know it, your home will be staged to sell.

The Williams Team at Windermere Real Estate is committed to providing professional real estate service to both Buyers and Sellers in the Walla Walla Valley. Please contact us for your Real Estate needs.

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How do National Media Reports Compare to the Walla Walla Housing Market?

Williams Team — Tue, 26 Feb 2008 17:28:46 +0000

Every housing market is different just like the weather. Florida is not going to have the same weather pattern as Walla Walla, Washington. That would hold true for the amount of foreclosures on homes that an area has suffered. Washington has a low foreclosure rate, with Walla Walla being one of the lowest. Good lending practices, along with a strong economic environment has most likely been a key factor.

Walla Walla Home Buyers seemed to stall with purchases in December. With media reports of doom and gloom, stating that housing values were decreasing, Buyers understood that to be true in every market. What was not reported was that what was true in some areas, others were not effected. In December all were affected by constant reports in print and on National News television. In January and February, Buyers are back in the market place. They don’t want to wait any longer.

So what are the benefits in purchasing a home in the Walla Walla Valley in 2008? If you were a home Buyer here in 2006 and 2007, you probably experienced a lack of choice in finding a property that fit your needs. Finding a new home was even harder. Interest rates were higher then than they are today and home prices were rising 4-6% each year. Today’s home buyer has a good selection of homes to choose from. Interest rates are lower and FHA limits are on the rise. The Walla Walla Valley now has more new housing choices available to the consumer. We see many second home buyers in our market. Those moving to the area are finding that it is almost easier to purchase a home than to find a rental. Single family rentals can be hard to come by. Most renters are signing leases for 6 to 12 months at a time, when they can find them.

How long will this last? Just until the next trend arrives. Real Estate can be a good investment in the Walla Walla Valley.

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