Well, my previous information was not correct! The Mall is going to start. We received an announcement yesterday that indicates they are moving forward and announced several of their stores. It will be an outdoor venue which fits the general model for malls currently. It will be so good to have the area filled with vibrant activity and more tax dollars for the area.
I just read in some real estate news about inventory, and days on market across the country – trends which I see are accurate in Walla Walla as well as nationwide. The typical pre-owned house for sale was on the market for just 50 days last month across the country, compared with 64 days a year ago this same month. The strong demand is pushing up median home prices, which jumped 7.1% percent from a year earlier to $228,900. My companies days on market was 86 days and our median price is somewhat lower, but our inventories are very low which could force prices up this early spring. Just 1.69 million homes were on the market nationwide in January, near the lowest level since records began in 1999.
I attended an Exchange meeting yesterday and they have several major programs going this spring. The weekend of March 10th is the annual Community College Rodeo at the fairgrounds. Also, this spring is the Big Ducky Derby event. All the members will have tickets for the drawing. Buy tickets to support their program.
Spring is coming. Call me if I can help.
Dennis M Ledford, Owner/Broker
Coldwell Banker First Realtors®
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