At Home With Coldwell Banker Tomlinson - November 2020

NEWSLETTER

ISSUE 109

NOVEMBER 2020

@home

WITH COLDWELL BANKER TOMLINSON

thunder in the west:

A Closer Look at Spokane’s Fastest-Growing Region

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f you live in the Spokane area, you have no doubt heard about the area of town called the West Plains. However, you may not know that that region actually consists of six different municipalities and jurisdictions: Fairchild AFB, Medical Lake, Cheney, Airway Heights, City of Spokane and Spokane County. After years of tagging behind other, better-established parts of Spokane County, the West Plains area is coming into its own, so we want to give you a bird’s-eye view of its component districts and of where in each of them the most notable growth and development are taking place. ...continued on next page

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Medical Lake The Medical Lake Exit off I-90 has recently been transformed. With the addition of the Amazon fulfillment center, the congestion was just too much for the old infrastructure. Two roundabouts were added to accommodate the increased traffic and allow the interchange to operate more efficiently. In the city of Medical Lake there is group named “Re*Imagine Medical Lake” that is working to create and grow a vibrant local community.

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Spokane Airport – City of Spokane The airport continues to develop Ï!and plan for future growth in the number both of flights and of passengers it is being called upon to serve. They are working on a road that realigns the inbound portion of Airport Drive which is scheduled to open in the Spring of next year. The effort to boost the airport’s network of roads comes amid a flurry of projects aimed at improving the transportation network throughout the booming West Plains.

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Erik Puthoff, Chair of the Board of the West Plains Chamber of Commerce, closed a recent letter to Abbey Parsons, Managing Broker of our West Plains office, by saying, “The West Plains remains one of the fastest growing areas in our region and we are excited and ready for the opportunities that lie ahead.” So is Coldwell Banker Tomlinson. As we do from Sandpoint to Tri-Cities, our West Plains Office will take every opportunity to support the contribution made by this exciting area to the prosperity of the Inland Empire.

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Airway Heights The City of Airway Heights is in the process of developing a downtown plan. Currently, they are taking public input on the best way for downtown Airway Heights to grow into its future. The community and business input will help the city’s downtown and business districts serve the massive influx of demand for residential development that is sweeping over the region. The planning and development standards are scheduled for adoption in March of next year.

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Cheney The historic and iconic Cheney Depot has been moved!

Built in 1929, the Mission Revival depot was saved from demolition through the efforts of BNSF and the Cheney Depot Society. In 1970 the depot stopped accommodating passenger operations. BNSF declared the building surplus and gifted it to the society. The rail carrier allowed the depot to remain on their property while the society raised funds to move it. The now re-located depot is just three blocks to the south and the Society continues to work to rehabilitate this unique structure, giving Cheney’s history a new life.

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Fairchild AFB Fairchild Air Force Base is one of the US Air Force’s largest air-refueling tanker bases. By the end of 2020, there will be 61 KC-135 air refueling tankers assigned to Fairchild AFB, and the base will be home to more than 6,000 airmen. The origins of the base can be traced back to 1942 when local citizens raised nearly $125,000 to purchase a 1,400 acre£ ¤ tract of land 12 miles west of the city to encourage the War Department to locate a base there. As the base evolved in size and mission – from repair depot, to bombardment wing for the Strategic Air Command, to Strategic Aerospace Wing – its close connection to the region remained constant. Mutual support and cooperation between the base and local community leadership remains fundamental to the relationship between Fairchild and Eastern Washington today.

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"thunder in the west” continued...

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let's preserve: explore the surging hobby of canning

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entioning the word “canning” prior to COVID-19 times used to get one of two different responses “that takes too much time” or “my grandmother used to do that…” but always considered a throwback to a simpler time.

Interested in learning more? A few websites that offer great information and recipes to get you started: www.foodpreserving.com www.morningchores.com/how-to-can-food www.healthycanning.com

Many of us have fond memories of the blackberry or strawberry jam that we slathered over the melted butter on a hot piece of toast, and the freshness of that first bite was always pure joy. Apples, plums, blackberries, tomatoes, peaches, pickles – we all have a favorite that we enjoyed from our childhood. Fast forward to the end of 2020 and since so many people have more time on their hands this year, it seems that an entirely new generation of people have discovered the pleasure canning can bring!

There are quite a few benefits to canning that makes the time investment very worthwhile. Have a big garden? It is quite economical, and sealed jars can be easily stored for a year or even longer. Concerned about the environment?

Homegrown food reduces the need for packaging since the jars can be used over, and over again. Want to give a Christmas gift this year that will get raves? There is nothing better than a jar of jam fresh from your kitchen.

COATS 4 KIDS followup: collection extended

Photo taken fall 2019

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onsidering the many obstacles posed by the COVID-19 pandemic, the achievements of Coldwell Banker Tomlinson in this year’s Coats 4 Kids program are truly gratifying. 825 new and lightly-used coats were brought in by its offices on the West Plains, South Hill, North Side and Spokane Valley. Furthermore, cash contributions of $1,400 were collected; enough for about another 40 new coats to see young people in our community through what is predicted to be an especially cold and wet winter.

We want to express our gratitude to all the REALTORS®, staff, clients and businesses who contributed to this year’s community campaign. Special kudos are due to Yelena Lepekhin, of our South Office, who employed her skills with social media to collect almost 300 coats,

and Lacie Gimeno, of our North Office, who secured participation from some of the area’s leading businesses (Dishman Dodge, De Leon Foods and Becker Buick), resulting in hundreds of coats being collected. Thanks go, also, to two Spokane Valley businesses, Pepsi-Cola Bottling of Spokane and Altek, Inc. of Liberty Lake for their generous contributions of both cash and coats.

Both will result in many warmer, safer kids throughout our community. Gratifying as this is, the pandemic has resulted in fewer coats being collected than are needed.

Accordingly, while the formal 2020 Coats 4 Kids program has come to an end, Coldwell Banker Tomlinson has decided to extend collections through February, 2021.

Our offices will continue to accept contributions of both coats and cash throughout the winter. If at any time this winter you are able to make a contribution of a lightly used or new coat or of cash, please call your nearest Coldwell Banker Tomlinson office or contact your Tomlinson broker to make arrangements. If you have or know of a business that would be willing and able to serve as a collection point, please give us a contact name and number, and we will take it from there.

Coldwell Banker Tomlinson 4102 S Regal St, Suite 201 Spokane, WA 99223

@HOME WITH

ISSUE 109 | NOVEMBER 2020 ©2020 Coldwell Banker Tomlinson. All rights reserved. Each office is independently owned and operated. If you currently have an Agent assisting you with the purchase or sale of property, this is not a solicitation for business.

SPOKANE REAL ESTATE MARKET STATISTICS – Market update OCTOBER 2020

$346K 16

average sales price

days on market

424 818 current inventory listings

closed sales

October 2020, as compared to October 2019. Information pulled on 11/7/2020

The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.

October ‘20 strongly pushes forward into the winter market. The number of closed home sales increased over 5%, and our average sales price increased by 4%, to reach $346,098! The strong market has made short sales and foreclosures a rarity, as their presence is under half as many as the already low 2019 numbers.

Overall active home inventory is down 11% in November compared with the previous month, which puts additional pressure on winter market appreciation.

Our monthly new construction home sales increased 17% in October. The average new home price is now $412,135, increasing 3% over September sales.

Available inventory is down by 55%, leaving us with only a 17 day supply of new homes, compared with a 1.1 month supply in October 2019.

Article by Russ Marshall, Realtor®

CONTACT ME WITH ANY QUESTIONS OR FOR DETAILED MARKET INFORMATION.