Real Estate Market Update for 99206 (Spokane, WA)

Video: Real Estate Community Tour for 99206 (Spokane, WA)

See Real estate community tour for 99206 (Spokane, WA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 45% from one year earlier, and down 24% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 3%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold decreased 2% year-over-year, and increased 13% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 99206 (Spokane, WA)
Area Information for 99206 (Spokane, WA)
  • Population: 36,521
  • Median Age: 38.43 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,560/sq mi
  • Population Change Since 2000: 15.34%
  • Closest Airport: Spokane International
  • Closest College: Itt Technical Institute-spokane Valley
  • Closest Jr. College: Spokane Community College
  • Median Household Income: $51,553
  • Annual Residential Turnover: 14%
  • Median Home Sales Price: $169,700
  • Closest Major Sports Team: Spokane Indians (a)
  • Change Avg. Household Income Since 2000: 33.36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 99206 (Spokane, WA)
Median Age: 38.43 Married: 41% Number of Households: 14,411 Households with Children: 4,283
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 99206 (Spokane, WA)

      School Name Distance Type Grades School Rating Parent Rating
      The Oaks Academy 0.1 mi Private K-12 0 0
      Bowdish Middle School 0.1 mi Public 6-8 1 0
      South Pines Elementary School 0.4 mi Public K-5 3 0
      University Elementary School 0.6 mi Public K-5 3 0
      Opportunity Elementary School 0.8 mi Public K-5 3 0
      Chester Elementary School 1.0 mi Public K-5 4 0
      Spokane Valley Christan School 1.1 mi Private PRESCHOOL-12 0 0
      Little Learner Cdc No 2 1.2 mi Private PRESCHOOL-K 0 0
      Horizon Middle School 1.2 mi Public 6-8 4 0
      Ponderosa Elementary School 1.4 mi Public K-5 3 0
      Cbe Alternative Programs 1.4 mi Public 9-12 1 0
      West Valley City School 1.4 mi Public 5-8 3 0
      Spokane Valley Tech 1.5 mi Public 9-12 0 0
      St John Vianney School 2.0 mi Catholic PRESCHOOL-8 0 0
      Broadway Elementary School 2.0 mi Public K-5 2 0
      North Pines Middle School 2.0 mi Public 6-8 2 0
      Children's Montessori Center 2.1 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 830 2.2 mi Private PRESCHOOL-K 0 0
      Ness Elementary School 2.3 mi Public K-5 2 0
      Trent Elementary School 3.5 mi Public PRESCHOOL-6 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 99206 (Spokane, WA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.