Archive for December, 2017

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WOW, the Christmas Light Parade was fantastic, this last Saturday. We served over 500 cookies, cups of cocoa, and hot coffee to a big crowd – and ran out of everything! We know some of the kids had more than one cookie and several people had more than one cup of coffee or cocoa, but it worked out well.  Thank you Macy’s for sponsoring such a fun event. We must have had the largest number of floats we have seen over the last five years.

https://www.99acres.com/microsite/articles/files/2016/02/development_charge.jpgI attended the Port Economic Development Advisory Committee Meeting last Tuesday and found out a lot of interesting facts about their activity, and data on growth and housing which I find interesting. The median price of housing has gone up 45% from 2012 to 2017 – to a median price of $220,000. This isn’t crazy in comparison to King and Pierce Counties, where their median price is above $600,000. How does a young family afford to own a home in those areas? It is tough enough with a median price in our Valley of $220,000. The 220,000 does not sound terrible but it is a 45% increase while income has only increased by 15% during that period.

https://i1.wp.com/orlando-rising.com/wp-content/uploads/2016/05/populaton-growth-750x400.jpgPopulation growth is at 1%. Which is comparable to most of Eastern Washington during the year. Our growth is families moving to Walla Walla and not just new born. Most of the big dollar companies are at Wallula. Boise Cascade is making a huge upgrade from white paper to cardboard products. Several million is being invested, so Pat Rae feels that will keep them in place for several more years.

Unemployment in Walla Walla is in good shape at a 4%. We are the 6th lowest in the State. Benton and Franklin are higher than our County, at 4.5% and 4.8% so all in all, we are looking okay.

Housing is tough. The local MLS on listed 50 homes in November. Many went under contract in the same month. My suggestion is, do not wait for Spring to list your home.   Start now, and you will find a buyer and a better price. Give it some thought. Mortgage rates are still low and who knows what will happen in the coming year.

UntitledSome big changes for College Place for the land that has been sitting vacant for several years just South of Home Depot and East of the Water Tanks. Bob Price and Farran Development have formed a new group to develop that parcel with the Western Segment will be high end multifamily apartments. The East 2/3 will be retail /mixed use. The group have the funds to move forward on the west 1/3 first and break ground in the first part of 2018.

There’s always something happening! If you hear of new things, let me know.

Call if I can assist.

Dennis M. Ledford, Owner/Broker
Coldwell Banker First Realtors


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