Good News! Our area has excellent numbers considering what the national media would want us to believe…NOW is the time to buy real estate! Don’t wait! Buy while the interest rates are at a near all time low! And qualifying First Time Buyers can recieve up to $7500 off the top of their 09 Income Taxes!
Local Certified Appraiser, Gary Chase, of Chase Appraisals, gave the following report: The FHFA house-price indicators for the 3rd Quarter of this year show Lewiston, ID -Clarkston,WA, as up a cumulative 4.0% for the last 1 year 32.5% for 3 years and 65.5% for the past 5 years. The one year figures compare to a -2% for Idaho overall and a -2.1% for Washington overall.
Year end stats will be available next week, but a quick glance at market conditions in the LCValley show that our sales numbers are down significantly per the LCAR MLS. Our sales prices remain stable, and the number of foreclosures is stable. National News stat’s are incorrect for our area! Good News!