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SECTION H INSIDE: RESALES – OPEN HOUSES – RENTALS AND MORE
June 23, 2013
in conjunction with the Spokane Association of REALTORSÂŽ
+
Homes starting a $179,900 t
Schools & 2-Story Plans Y Great Features Y Close to Shopping & Schools Y Rancher
Flora
Valleyway
Y Central Valley
Shamrock
Broadway
Conklin
Retirement shou|d be anything but boring.
Sullivan
CE A A N N QU TE D A R FIT TIC NO N S W ES OP S EN !
OPEN TODAY 1-5pm!!
D GRANING! OPEN New Valley Neighborhood
Sprague
407 N. Shamrock $209,900 • 3 bedroom, 2 bath • 1574 sq. ft. ďŹ nished
401 N. Shamrock $194,900 • 3 bedroom, 2 bath • 1215 sq. ft. ďŹ nished • 2048 Total sq. ft.
Call C Cal Ca all ll ... .. Amy Parrish or Jake Spencer 509.389.2605 509.701.0826
MATTESON CONSTRUCTION, LLC
Come Visit Aspen p Creek Quality South Valley Neighborhood
Riverview oers a variety of beautiful living arrangements and award winning care that can accommodate the needs of residents through all phases of the aging process. Village Homes ƒ Terrace Apartments ƒ Care Center and Rehab We also oer superior amenities for active seniors. Brand-new Aquatics and Fitness Center ƒ State-of-the-art woodshop Call to learn more and schedule a tour today!
TREED AREA AND GREAT VIEWS WITH THAT COUNTRY FEEL
5311 S. Bates - The Newport Model Open Today from Noon to 3:00 p.m.
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Visit Paras Homes.com
V I L L AG E H O M E S ƒ T E R R AC E A PA R T M E N T S ƒ C A R E C E N T E R & R E H A B
Directions: South on Bowdish from Sprague and cross over Dishman-Mica. Stay Left at ‘Y’. Turn left (South) on Bates from 44th to Aspen Creek Neighborhood.
5 0 9 - 4 8 3 - 6 4 8 3 ƒ 18 01 E . U P R I V E R D R I V E ƒ R I V E R V I E W R E T I R E M E N T.O RG
All cash, everything Peter G. Miller
percent when compared with a year earlier. The S&P Case-Shiller index (now the CoreLogic Case-Schiller Index) shows that home values in 20 major metro areas as of February were 9.3 percent higher than February 2012. Recent pricing trends surely suggest that the competition for homes in selected markets is intense, so if 30 percent of all offers are for cash, it would not be surprising to find cases where there are multiple bids for a single property from several all-cash buyers. The recent flurry of all-cash bids is likely powered by several factors. First, in the case of an all-cash transaction, the sale does not depend upon the approval of a lender, because financing is in hand. Second, more buyers are willing to make all-cash bids because real estate ownership is a hedge against inflation, the rental market is strong in many areas and the alternative uses for cash are unattractive. For instance, one-year CDs at this time return about 0.65 percent, far less than the rate of inflation.
CTW Features
QUESTION: What is the probability of having four cash offers on the same property? In a good market I would think it unlikely. I feel there’s little chance of that in today’s market. ANSWER: It may well be possible to have four cash offers for a single property, all above the asking price – and more so today than during the past few years. According to the National Association of REALTORSŽ, 30 percent of the existing home sales in March were cash purchases, or about one out of three. Alternatively, 2006 NAR figures show that 92 percent of all existing home transactions were financed, meaning that 8 percent were allcash buyers. A number of reports have suggested that real estate prices are rising in most markets. For instance, the Federal Housing Finance Agency says that as of February home values nationwide had risen 7.1
HOME Northwest •Real Estate odel • Home Rem ng • Senior Livi or • Home DÊc • Landscape • Waterfront
HOME MARCH 2012
Northwest
Spokane TATE REAL ES ain Charlie McC
509-000-0000
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nhomes.co www.spokesma
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spokesmanho
• Real Estate • Home Remodel • Senior Living • Home DÊcor • Landscape • Waterfront • Home Financing
FULL APPLIANCE PACKAGE IF YOU PURCHASE IN JUNE 24-Hour 24 -H Hou ourr F Free Fr ree ee Record ecor ec o d or ded de ed dM Me e essage ssag ss ag ge Li Line Line: ine e: 1 1--80 800800 80 0--45 0 455455 45 5--69 5 6919 69 19 9 Split Entry
Ranchers
2-Stories
Enter Code: 4647
Enter Code: 6337
Enter Code: 7557
Todd Spencer 509-869-5885
Lic. #LNLHOHL881L8 Tele: 509-599-7978
Model Home at 5108 N. Mayhew Rd., Spokane Valley, WA 99216 Open 1pm-5pm Sat. & Sun. Call, Click or Stop By LNLHomes.com
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