Market Update
Based on recent reports, the real estate market in Spokane, WA is experiencing a strong seller's market with high demand and low inventory. The median home value in Spokane is currently at $410,000. Which is similar to prices we saw last year.
Homes are selling quickly, with the average home staying on the market 6 days. Often sellers are receiving multiple offers within days of being listed.
Overall, the current real estate market in Spokane, WA favors sellers due to the high demand and low inventory.
However, buyers can still find opportunities with the assistance of a knowledgeable real estate professional to navigate the current market conditions. There are several programs like the first time home buyers and down payment assistance to help buyers get into a home.
Despite the high demand, there are currently 600 active homes on the market in Spokane today.
Lilac Festival & Parade
The Lilac Festival is a week-long celebration held annually in Spokane, Washington, starting on May 15th. It is a time when the city comes alive with vibrant colors, enticing aromas, and lively sounds, as people from all over the region gather to celebrate the beauty and fragrance of the lilac flower.
The festival offers a variety of events and activities that cater to a wide range of interests. The main event of the festival is the Lilac Festival Parade, which is a grand procession featuring over 200 entries, including marching bands, drill teams, equestrian units, and colorful floats adorned with lilacs. The parade is a sight to behold, attracting thousands of visitors who line the streets to catch a glimpse of the stunning procession.
But the parade is just one of many events that make up the Lilac Festival. The festival also features an art show, a car show, live entertainment, and food and drink vendors serving up tasty treats and refreshing beverages. Visitors can also enjoy a carnival, complete with thrilling rides and games, and a beer garden featuring local craft beers and ciders, as well as live music.
For those who want to get active, there's the Lilac Run, a 12k and 5k race that takes place the morning of the parade. And for the younger set, there's the Jr. Lilac Parade, a smaller parade that features children's groups and organizations, giving kids a chance to be part of the Lilac Festival fun.
The Spokane Lilac Festival has a rich history dating back to 1938 when it was first established to celebrate the arrival of spring and the blooming of the lilacs. Today, the festival continues to be a beloved tradition in Spokane, bringing together residents and visitors alike to celebrate the beauty and community spirit of the Lilac City. The Lilac Festival truly has something for everyone.
Spring Time
Spring is officially here with 80 degree weather in Eastern Washington. Time to get the sprinklers going, BBQs, and spring cleaning into high gear.
Blooms Day
Is a 12K road race through downtown Spokane. 50,000 people participate in this old Spokane tradition. The race starts downtown goes up past the Spokane Falls Community College and loops back to down town. It’s a whole family affair and all comers are welcome.
Skate & Ski
Passes are on sale!
Pattison’s Skating rink summer pass goes on sale today. We get one for each of our kids. They include rentals and the entrance fee. It’s a great way to keep the kids off electronics all summer.
Ski passes are also on sale too. If you enjoy skiing, the cheapest time to buy next years ski passes is right now.
