HERE'S YOUR WEEKLY LISTING REVIEW FOR

6514 N Regal St

Hi Susan & David,

We had some great traction this weekend! Most importantly, one group from our Open House expressed strong interest, and Stephanie is currently following up with their agent to see if they are preparing to move forward. We also received very specific feedback from a private showing. While the house itself 'showed very well,' the exterior access is causing some friction. The agent mentioned a log across the shop stairs and that the shop was locked, which prevented them from seeing it. Since the shop is a major selling point, we should ensure it's unlocked and the path is clear for all future tours. This buyer was elderly and struggled with the stairs, but for the 'strong interest' group, those stairs likely won't be a dealbreaker if the shop is accessible!

A brand-new analysis from Zillow released last week highlights that we are currently operating in a "two-track" market. The data shows that desirable, well-positioned homes are literally "gone in 7 days." In fact, homes that go pending within their first week are 2.6 times more likely to sell above asking price. However, the gap between homes that sell quickly (averaging 19 days) and those that sit on the market (averaging 56 days) is the widest it has been in years. This means getting our pricing and digital presentation perfect from Day 1 is more crucial than ever.

Locally, the Spokane market continues to reflect this competitive environment. Well-prepared homes are moving to pending in an average of 29 days. Even with the shifting national landscape, Spokane’s sale-to-list price ratio remains incredibly strong at 99.5%, proving that buyers are still willing to pay a premium for the right property.

– Haydn