Feeds:
Posts
Comments

https://i1.wp.com/wallawallasweets.com.ismmedia.com/ISM3/thumbcache/8794b2d6d0aa395913cbfabb3d36c77e.300.jpgBaseball and summer! Does it get any better than that? The Sweets are playing very well, and the Mariners are back to 500 – the King is back on the mound on Friday. The weather has been somewhat cool, but we are into the first week of summer and it is warming up this weekend. I love my early mornings, the longest day of the year was yesterday, the twenty first – and the sun was breaking at 4:30 this morning. I love it.

Real Estate inventories are still short. Finding a home has to be a quick decision. Make a good offer, and be pre-qualified by a lender before you start your search. I would suggest Tera Davis from Academy Mortgage, if you’re looking for a great lender!

Find a Realtor you trust and enjoy, and stick with them. Do not bounce around, because you will not get the service you need if you move from Broker to Broker.  Find one and stay with them.

My company entered a new phase of marketing with the start of TV promotions. The commercials are talking about our Brokers, the nonprofits we support, and the strength and knowledge of our Brokers. We have employed KVEW out of Tri-Cities to produce and display our promotions and their crews are real professionals.  They are 780 on the cable and channel 4, they are an ABC affiliate.

UntitledThe Power House Theater in conjunction with the City Library, the City, and the Exchange Club; are presenting the Red Badge Project with Tom Skerritt, retired Army Captain Evan Bailey, and with two of the founding members – Shawn Wong and Warren Etheredge. They will introduce the audience to a handful of Veterans who will share their personal stories on stage. Then they will share some of the exercises used to develop those stories. All proceeds go to the Red Badge Project, so please attend and support our Veterans. It is this Friday at the Power House, June 30th.

The pool is up and running full speed.  What a great addition to the community! And do not forget the Splash Pad at Washington Park, donated by our Great Rotary Club.

It is time to make a change in your home status with rates low and homes to look at.

Let me know if I can help.

 

Dennis M Ledford, Owner/Broker
Coldwell Banker First Realtors

Advertisements

May went by much too fast! It was somewhat cool, windy, and we had more rain. Spring in Walla Walla – it’s nothing new. Little League is almost complete, and the Sweets started the season with a sweep of the Wenatchee Apple Socks – Good job Sweets! I am ready for Sweets baseball, gardening, and fishing.

Image result for pinehurst north carolinaDonna and I traveled to North Carolina to share time with my son and his family near the end of the month. It was fun celebrating my 69th birthday with them and reading the nice notes they wrote to their grandpa Dennis. I have three grandchildren, Haley, 17, Audrey, 15, and Joe, 13. All with separate personalities.

Weather in North Carolina was hot and humid. The temperature in the upper 80’s and humidity in the middle 70’s. I did sweat a lot and drank a lot of water.  It’s a beautiful area with trees, lakes, and rivers everywhere, but I still love my Walla Walla.

Image result for rising real estate inventoryReal Estate was strong while I was gone. Inventories jumped to some degree, but did not solve our issue yet. We did see 117 new residential listings enter the market in Walla Walla and College Place. We have almost 300 total residential listings in the MLS but 80 plus are under contact. Homes priced well, in a comfortable location, and neat and clean sell rapidly.  It is time to look at selling if it is in your plan for 2017.

Interest rates are back down and they seem steady. If you are just starting to look, contact Tera Davis at Academy Mortgage (at her location in our office or on 3rd Street) to get pre-qualified before you start your search.

All is well in Walla Walla, and summer is going to start at some point.

If I can assist give me a call.

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

Image result for real estate marketOur Real Estate market is continuing to change. Information I just received was a comparison of 2016 to 2017 seasonally adjusted rate of existing home sales rose 12.2% from the first quarter of 2016 to 107,590 homes. This indicates that the current annual rate of sales is well below that we witnessed in previous periods of high house price growth such as 2003. This is a low supply of existing homes listed for sale, which is likely a leading factor promoting the rapid home price growth throughout our State including the Walla Walla Valley.

Median price changes are being seen all over the State. The biggest changes are on the Olympic peninsula where the median price in Jefferson County, Port Townsend was up 19.1% on the median price of $353,800. Walla Walla is seeing an increase of 4.4% of the median price of $209,800.  With the overall increase in pricing across the State, the number of first time home buyers has dropped because of affordability. We are not seeing that as much in Walla Walla, but it seems to be moving that way.

IMG_0050In the U-B on Wednesday, the front page talked about the new tax laws would eliminate most of the interest deduction on home mortgages we have enjoyed for years. This will impact the value of home ownership. We will wait and see what comes out.

Ducky Derby happened last weekend at the Walla Walla Community College. What a great program the Exchange Club has been sponsoring for years. I bought a fair share over the years but never won a thing. This will be the year. (UPDATE: My wife Donna won the grand prize! WOW!)

Memorial Pool is opening the last week in May – Memorial Day. That is going to be a great addition to the community and give our kids some outdoor activities to enjoy that we have not offered them in the past. I am glad it is moving ahead. When I was a kid in Walla Walla we had several places to swim and I think I was in them all. Thank you goes out to the Jim Dumont, the City, and the Committee who made it happen.

Thank you all.

Have a great week and call me if I can assist!

Dennis M Ledford, Owner/Broker
Coldwell Banker First Realtors

https://media.deseretdigital.com/file/34840f5751?crop=top:0|left:0|width:940|height:500|gravity:Center&quality=55&interlace=none&resize=width:940&order=resize,crop&c=14&a=8e1c7dfeWe just returned from a wonderful March holiday; visiting in the Southwest, San Diego, Phoenix, Vegas, Palm Desert, Laughlin, Zion National Park and 2,700 miles of driving. We went from San Diego, and 28 Days later back to San Diego for our flight back to Portland. The weather was great from 75-96 degrees, and no rain or clouds. We went to four movies that Donna wanted to watch, and two Mariner games as well as a tour of Zion Canyon. We just really enjoyed our trip, but as usual we were glad to get home.

https://i2.wp.com/www.wwvmpo.org/uploads/3/4/3/6/3436050/5196516_orig.jpgWhile I was gone, I consistently watched the weather in Walla Walla and generally it was cold, windy, and rainy. I was glad to see the sun on the last day of March and the 60 degree weather felt very nice.

Real Estate was hot while we were away – a lot of home sales. But we’re still short on listing inventory for the buyers existing in our market. It is creating a lot of frustration with families looking for a new home, or those who want to move up or down. If they are wanting to make a change, they are afraid to sell their home with the fear they will not find a home in time to move into.

https://i1.wp.com/s.hswstatic.com/gif/consider-before-buying-home-hp-orig.jpgWalla Walla is still the place for me to come home to. Nothing better, but I wish the rain would slow up and the cold wind to move away.

If we can help give me a call!

 

 

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

Image result for blue mountain mall walla wallaWell, 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.

Image result for ducky derby walla wallaI 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®

https://i1.wp.com/burningbird.net/photos/robin1/index.jpgWhat a good day for us! Sunshine and not too cold – this is good news at my home, because I saw about 20 Robins in my backyard. I have always felt that if I see Robins, that Spring isn’t that far away. I need to work on several Spring projects soon to be ready to plant in early April. I just completed my order form from Gurney’s to get all my seeds to Walla Walla and ready to go when the soil is warm and ready to nourish them to burst into life.

It appears rain is in our future, but not at the level we see in California. If that dam would break in Oroville, that would be such a disaster. There will be people and property destroyed, and it would impact the irrigation system in the country’s most fertile farming area.. I am sure this would push costs up on a lot of products.

On another note, rentals are hard to find! We manage about 600 doors and we have less than 2% vacancy in our system. I feel that is generally the case with most large units and Brokers who manage rental property. Real Estate is a good investment because you can secure monthly income to support your retirement and at the same time build equity. I was fortunate enough to make that decision long ago and it has helped me to live in a debt free lifestyle and allow my wife and me to travel and enjoy our lives together. It is never too late. Give it some thought.

https://i0.wp.com/bloximages.newyork1.vip.townnews.com/union-bulletin.com/content/tncms/assets/v3/editorial/c/4d/c4d22676-d8f6-11e6-ac74-afad233698ad/5877ce0d9a8c1.image.jpgAnother shout out to the road crews at both cities and our county for working through all of our snow and ice. I was talking with County Commissioner Jim Johnson and he said they are already about a half million over budget for their system and I am sure both cities have felt the same financial pain. If you have a complaints on your service – keep them to yourself. You did not have to get up at 2-3 in the morning and work 12+ hours in the freezing cold, to help the road system be as good as it could be. They worked hard for our valley!

https://i1.wp.com/realtybiznews.com/wp-content/uploads/2016/07/HousingDemand.jpgWe have a lot of families looking at 2017 to be the year they buy a home or make a change. Lots of buyers are out looking but inventories are low. If you’re looking at buying, you should get in and get pre-qualified for a loan, so when you find the home you know your chances are very good you can close on it.

We had two first time home buyer classes in the last 45 days with the first attended by 27 people and the second with 20 people. n my 40 plus years those are the highest numbers we have ever seen for these classes.. Usually we have 5 or 6 people! This shows that the buyers are out there, we just need more listings.

Let me know if I can assist.

Have a good March!

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

Well, it is back – cold and snow! I have friends in the desert and in Mexico, and they are warm. I wish I was with them. Spring will be here soon and the sun will be out longer and come up in the morning earlier. Planting my garden is not too far off because my Gurney catalog arrived for me to choose seeds and plants for my early spring garden! I love working in the soil and https://i2.wp.com/www.lovethispic.com/uploaded_images/51025-Winter-Deer.jpgplanting my early spring crops, radish, lettuce, spinach, and broccoli. I have over the years cut back on my planting to only plant what my wife will eat. It makes it easier to eat the crop.

Last night I looked into my rose garden because I thought I saw some movement and I was correct, with five deer looking straight into my eyes. I guess they were grazing on some of my dead plants and maybe water from my fish pond that we keep heated during the winter – it was really fun to see. I texted my brother Jerry because he still hunts, (but with very little success) and I told him they were so close he could hit them with a rock. He said maybe a bow..

It is so cold that remember your pets. Keep them warm and well fed and watered. Do not leave them out at night.

Image result for blue mountain mallThe renovation and rebuild of the old Blue Mountain Mall is dead again, I heard from a good source. The key tenant would not sign a lease so all the others that follow that company withdrew as well. I do not know where that is going to go. I feel we should re-zone some of the east part to allow multiple family construction. We have no other large spots with that zone to build on. My company manages over 600 doors in Walla Walla and we have over a 95% occupancy, and I feel that is the case in most of the complexes in town. If we do get some new jobs where are they going to live? Just my thoughts.

Image result for spring coming soonInterest rates are still good, but inventory low. If you are thinking of making a move in the Spring that requires the sale of your home, starting now might be good for you in so many ways. Talk to a Realtor and get some advice, and hopefully you will use one of my great Realtors at Coldwell Banker First Realtors.

Let me know if I can assist or answer any questions.

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

%d bloggers like this: