6th Annual Garland District Street Fair Today
Garland Street Fair
Held today, August 16th, 2008. The Garland Street Fair is an all-day family event featuring arts and crafts, games for kids, live music on 3 stages, classic cars, face paiting and food vendors.
The Garland Street Fair is a tribute to Judy Garland and The Wizard of Oz.
The bright yellow brick road bobs and weaves through the center of Garland street, leading visitors from one end of the Garland street fair to the other.
Today was HOT HOT HOT but thankfully a few booths offered shade, and a place to plop down for a few minutes and catch some time under a fan.
There weren’t too many food vendors today, so Kim’s Teryaki (always a Garland District treat) was packed with hungy and thirsty patrons who could catch a break from the sun.
Take a look at some pics:
Free child car seat safety check today
Spokane County Traffic Safety Commission is putting on a free car seat safety check
Today at WalMart on North Division from 10am - 2pm.
After doing a little shopping with Olivia (while Rebecca slept after working an overnight shift at Sacred Heart), I popped over. I wouldn’t have (Read more » » » »)
What a balanced Spokane real estate market means for sellers
Spokane Real Estate Video Blog #03
Aaron Mallo video blogs that in a balanced or buyers’ market, Spokane real estate buyers require a discounted price to purchase a home with defects. If you want to share your opinion please email your feedback to AaronMallo@AaronMallo.com and visit Spokane Real Estate Video Blog list for all the Aaron Mallo Spokane Real Estate Video Blogs.
Since we’re in a balanced Spokane real estate market, which we’re seeing for the first time in 5 and 1/2 years, things have changed.
The one thing that is very noticeable is that buyer’s are not willing to pay anywhere near top price for incurable defects such as being on a busy street, being near commercial buildings or having a bad floor plan.
(Read more » » » »)
What type of real estate market are we in?
Spokane Real Estate Video Blog #02
Aaron Mallo video blogs about whether we in a sellers’ market, a buyers’ market, or a balanced market. The “Month’s supply” of homes guides us. If you want to share your opinion please email your feedback to AaronMallo@AaronMallo.com and visit Spokane Real Estate Video Blog List for all the Aaron Mallo Spokane Real Estate Video Blogs.
When looking at whether it’s a buyer’s market, a seller’s market or a balanced market, one of the best indicators of who has the upper hand in negotiations and who dictates the tone of the market is the “Month’s supply of homes” or absorption rate of homes.
(Read more » » » »)
Spokane Real Estate Market Update July 2008
Our Spokane real estate market according to the Spokane Association of Realtors
What the Spokane Association of Realtors says about Spokane Real Estate:
Closed residential sales reported in June are up 21% over May. There were 592 closed sales reported in June compared to 489 reported for May. The average sales price for June was $216,454 compared to $206,284 for last month. The median price for June was $193,000 compared to $183,000 for May.
Again, here is what the MLS data tells us….
When we look at the Spokane MLS Real Estate statistics, what are we really looking at?
Everything. Every property type. Every city within the MLS. Which is why I don’t like using the MLS stats. Nothing wrong with outside communities or property types, but I want to know about, analyze and discuss Spokane houses.
Spokane Real Estate Video Blog #04
Aaron Mallo video blogs about his opinion of the Spokane real estate market for July 2008.
See Also: Spokane Real Estate Video Blog list for all the Aaron Mallo Spokane Real Estate Video Blogs.
Read also: Spokane Real Estate statistics explanation
So, let’s look at Spokane houses (a subset of the Spokane Real Estate MLS data), as of July 9th, 2008:
(The footnote states: Includes sales data from Spokane, Spokane Valley, Millwood, Veradale, Liberty Lake, Medical Lake & Airway Heights on Single Family Houses on <= 1 acre.)
Is Now A Good Time To Buy A Home In Spokane?
Spokane Real Estate Video Blog #01
Aaron Mallo video blogs about what various Spokane real market conditions mean for both buyers and sellers, and why buyers should really be asking a different question - Is now a good time FOR ME to buy a home in Spokane. If you want to share your opinion please email your feedback to AaronMallo@AaronMallo.com and visit Spokane Real Estate Video Blog List for all the Aaron Mallo Spokane Real Estate Video Blogs.
I met with a client last night, Jen, who is a first-time homebuyer, Jen graduated from Eastern Washington University about a year ago and has been working in her career for the last 12 months. We met last night to discuss her financing options, and to have a more in-depth conversation about housing needs and her housing wants.
The question came up, is now a good time to buy?
Spokane Hoopfest 2008 Hightlight Reel
Checkout Spokane Hoopfest 2008 highlights.
Spokane Hoopfest held in Spokane Washington is always a great time for the players, families, spectators and Spokane residents. This Spokane Hoopfest video shows hightlights from various basketball games, basketball contests, and Riverfront Park scenes. Spokane Hoopfest photos and videos spliced together with music. Enjoy!
Spokane South Hill South Perry video tour
I LOVE the South Perry District of Spokane, Wa, so I am very happy to be able to post this video of South Perry District on South Hill.
Here is a Spokane real estate video tour project I’ve been working on for several months now (OK, several years actually). I’m creating video tours of Spokane’s neighborhoods, as a way quick way to hightlight what each neighborhood has to offer potenial buyer’s who are considering investing in one of Spokane’s homes for sale.
I’ve been accumulating photos and videos over the past 24 - 36 months and am just starting to put them all together in video format. What a blast, I hope I’m able to adequately capture the beauty of Spokane’s neighborhoods and landmarks.
A really big thanks to Ryan Rose from Deparment Of Search who is helping me with search engine optimization and content ideas.
What do you mean…I can’t rent out my condo?
Condos aren’t common (yet) in Spokane real estate, condos for sale in Spokane represent less than 5% of all Spokane homes for sale.
However, for those that choose to purchase a condo as their Spokane real estate investment, this is an important topic.
A client of mine, who purchased a condo about a year ago, wrote to me today asking about limiting the percentage of condo units that can be used as rentals to 10%:
A neighbor of came by and had a petition to sign - that would limit the percentage of condos that could be rented — to ten percent of the total number of condos.
At first thought, it sounded good to me because it prevents the neighborhood from deteriorating with ever-increasing numbers of rental units. However, on second thought, I wondered: If that’s such a good idea, why permit even ten percent? Why not vote to prohibit rentals altogether?
The rub, as I see it, is that after the first ten percent of owners eventually rent their condos out - then effectively virtually nobody else can do it regardless of unexpected circumstances or need. But, what would I do if I were transferred to another job location and forced to move - and found I could not sell at a reasonable price because of some downturn in the resale value of the condo?
I’m conflicted over the pros and cons of this issue - so I’m really curious about your take on it. I fully appreciate how dreadful it would be to have 1/2 the condos eventually turned into rentals. All the riff-raff would make the condo little different from living in an apartment - and that would obviously torpedo the resale value of the units.
On the other hand, I dislike the idea that the first 10% of condo owners to rent their units out, are free to do so if it suits them - but then the gangplank is pulled up and for all practical purposes nobody else can do it - even if there was an unexpected and important need….
What’s your take on this interesting conundrum?
My Response: It’s a good policy…
As far as a 10% cap on rentals, I tend to agree with it. My experience is (Read more » » » »)
Spokane Real Estate Market Update June 2008
Our Spokane real estate market according to the Spokane Association of Realtors
What the Spokane Association of Realtors says about Spokane Real Estate:
There were 489 sales reported in May compared to 441 reported in April. The average sales price was up 1.3% from April. May’s average sales price was $206,284 while the median sales price was $183,000.”
Again, here is what the MLS data tells us….
When we look at the Spokane MLS Real Estate statistics, what are we really looking at?
Everything. Every property type. Every city within the MLS. Which is why I don’t like using the MLS stats. Generally, when we discuss the Spokane real estate market, I want to know about single-family homes in and around Spokane, not in Colville, Spangle, etc. Not condos. Not 120 acre parcels. Nothing wrong with these communities or property types, but I want to know about, analyze and discuss Spokane houses.
Read also: Spokane Real Estate statistics explanation
So, let’s look at Spokane houses (a subset of the Spokane Real Estate MLS data), as of June 9th, 2008:
(The footnote states: Includes sales data from Spokane, Spokane Valley, Millwood, Veradale, Liberty Lake, Medical Lake & Airway Heights on Single Family Houses on <= 1 acre.)
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