The BEST Neighborhood in Spokane?! | Spokane, WA Vlog Tour | Eagle Ridge

Welcome to our comprehensive guide to Eagle Ridge, one of the most well-thought-out planned developments in Spokane, Washington. Whether you're a first-time visitor or returning to explore further, we're excited to showcase this beautiful community and its diverse range of homes. In this blog post, we'll take you on a virtual tour, highlighting the unique features and attractions that make Eagle Ridge an ideal place to call home.   Situated between Highway 195 and the Cheney Spokane Road in the Lata Valley, Eagle Ridge offers a convenient location just a short drive away from Spokane Airport and downtown Spokane. Nestled in a picturesque wooded setting, the neighborhood boasts a tranquil ambiance, complemented by scenic hiking trails and a delightful community pond. Despite its proximity to Highway 195, the dense foliage acts as a natural sound barrier, ensuring a peaceful atmosphere throughout the community. As you drive into Eagle Ridge, you'll notice the community is seamlessly integrated into the surrounding hills, creating a sense of exclusivity and privacy. While exploring the area, you may encounter a variety of homes in different price ranges. Currently, there are 17 active listings in Eagle Ridge, ranging from $400,000 to $1.2 million. Even the lower-priced options offer excellent value, with one particular fixer-upper from the 1980s available at a steal. The neighborhood offers a range of amenities to cater to residents' needs. Qualchan Golf Course is conveniently located nearby, making it easily accessible for golf enthusiasts. Other essential amenities, including grocery stores and gas stations, are just a stone's throw away. For those seeking culinary delights, Chaps is a highly recommended breakfast spot renowned for its oatmeal. Eagle Ridge's central location makes it an ideal choice for individuals working downtown, near the Air Force Base, or even in neighboring Idaho, with quick access to I-90. Eagle Ridge truly embraces the concept of a walkable community, with sidewalks throughout the area, providing residents with safe pathways for strolls, dog walks, jogging, and bike rides. The neighborhood's inclusivity extends to its parks, with seven beautiful parks and over five miles of hiking trails, including the expansive Whispering Pines Park. Additionally, the community hosts engaging events such as community movie nights, fostering a strong sense of togetherness among residents. The homes in Eagle Ridge come in various sizes and architectural styles, accommodating a diverse range of preferences and budgets. From three-bedroom, three-bathroom houses with builder-grade finishes in the mid-$500,000 range to more upscale properties in the $1.2 million bracket, Eagle Ridge offers a harmonious blend of homes at different price points. Certain properties enjoy breathtaking views of the valley and the Cheney Spokane Road, providing an added touch of luxury for those seeking a scenic backdrop. Eagle Ridge in Spokane, Washington, presents a thoughtfully designed community with an abundance of natural beauty, convenient amenities, and a diverse selection of homes. Whether you're searching for a serene retreat close to nature or a place with easy access to major highways and city conveniences, Eagle Ridge offers the best of both worlds. With its inclusive atmosphere, well-maintained parks, and welcoming neighborhood, this community has something to offer everyone.   If you're interested in learning more about Eagle Ridge or exploring other neighborhoods in Spokane, feel free to reach out. We can provide further information, schedule a consultation, and guide you in finding the perfect home that meets your needs. Don't hesitate to get in touch and discover the endless possibilities that await you in Spokane's Eagle Ridge community.

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Keys to Success for First-Time Homebuyers

Purchasing your first home is an exhilarating decision and a significant milestone that can positively impact your life. However, recent years have presented challenges for first-time homebuyers, including tight inventory, rising home prices, increasing rents, and high student debt loads, resulting in a lower share of first-time buyers compared to historical norms. Despite these obstacles, there are two strategies you can explore to turn your homeownership dreams into reality.   Take Advantage of First-Time Homebuyer Programs to Save Money Affording the initial costs and fees associated with homeownership can appear daunting. Whether it's securing a loan, assembling a down payment, or having funds for closing costs, there are numerous expenses that make buying your first home seem challenging. Fortunately, there are various public and private first-time homebuyer programs designed to assist you in obtaining a loan with little-to-no money upfront. These programs offer benefits such as lower mortgage rates, down payment assistance, and tax incentives, making homeownership more affordable and accessible. State and local governments, as well as other organizations, often provide these programs. Many states and local governments offer down payment or closing cost assistance in the form of low-interest-rate loans, deferred loans, or even forgivable loans (grants) to individuals seeking their first house. To explore these opportunities, get in touch with the housing authority in your state and visit resources like Down Payment Resource, which can provide further information and guidance.   Explore All Possibilities Due to Low Housing Supply The current real estate market favors sellers, resulting in a shortage of available homes to meet the demand from buyers. To ensure you're maximizing your chances of finding a suitable home, it's essential to explore alternative options such as condominiums (condos) and townhomes. Compared to single-family homes, condos are generally less expensive. Additionally, insuring condos is often more cost-effective. The affordability of condos is partly attributed to their smaller size, but they still allow you to enter the housing market and start building equity. Another advantage is that condos typically require less maintenance. External maintenance, including landscaping, pool upkeep, external painting, paving, and snow removal, is usually covered by the condo association. Some internal maintenance, such as gas, electric, plumbing, and HVAC systems, may also be included. This shared responsibility helps reduce the time and effort required for maintenance tasks. Townhomes and condos provide excellent opportunities for homeownership. By owning your home, you can build equity, increase your net worth, and potentially facilitate future moves. To ensure a successful homebuying journey, especially for first-time buyers, it's advisable to work with a trusted real estate agent. A knowledgeable agent can educate you about the homebuying process, provide insights into your local area to find suitable options, and guide you through making competitive offers.   The current housing market poses challenges for first-time homebuyers. Nonetheless, there are still avenues to achieve your homeownership goals. Take advantage of first-time homebuyer programs and explore various housing options like condos and townhomes. By connecting with a local real estate professional, you'll have an expert on your side to navigate the process and increase your chances of success.

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Is the Spokane Real Estate Market Hot or Not?

  Spokane's real estate market has been through significant changes in recent years, experiencing both price drops and subsequent recovery. This blog post aims to provide a comprehensive overview of the top five neighborhoods in Spokane that have experienced price drops over the last 12 months. Additionally, we will highlight the one neighborhood that has seen positive growth during this period. Whether you're considering buying or selling a home in Spokane, understanding the local market dynamics is crucial. So, let's delve into the details.   Northeast Spokane: Located from Gonzaga University to Francis, and from Division to Millwood. Experienced a 12.7% year-over-year price drop. Median sales price: $288,500 (below Spokane's average). Offers more affordable properties for first-time homebuyers and investors. High transaction volume with over 500 sales in the last year. Low inventory (0.8 months) and average days on market (5), indicating a quick-moving market.   Northwest Spokane: Encompasses West Central to Francis, including the Shadle neighborhood and Audubon. Witnessed a 13.3% drop in prices over the last 12 months. Average sales price: $325,000. The Shadle neighborhood attracted buyers with its affordability and amenities. Average days on market: 6. Inventory increased to 1.2 months (still relatively low).   Northwest Areas: This area includes rural properties and smaller towns like Airway Heights. Experienced a 14.2% price drop. Average price: around $404,000. Sustained demand for smaller-town living. Median days on market: approximately two weeks. Slightly higher inventory (1.8 months) and rural properties tend to have longer market times.   Mead and Country Homes: Located on the north side of Spokane along North Division. Saw a 16.7% drop in home prices. Average price: $375,000. Limited number of active homes (21). Over 180 homes sold in the past year. Inventory sits at over two months.   Liberty Lake: Experienced a 16.7% price drop, similar to Mead and Country Homes. Average price: $505,000 (one of the higher-priced neighborhoods in Spokane). Approximately 400 homes sold in the Liberty Lake Green Acres area. Current inventory: 1.2 months. Average days on market: 12.   The Green Spot: East Side of the South Hill: The only neighborhood in Spokane County that saw positive growth (0.6%) in the last 12 months. Includes the Perry District along Thor and Freya and Lincoln Heights. Average price: $393,000. 73 active homes on the market. Stable market conditions with 1.3 months of inventory and an average of 12 days on the market.   Understanding the local real estate market is essential when considering buying or selling a home in Spokane. While the overall market experienced a decline in home values over the last 12 months, some neighborhoods offer potential opportunities for buyers. Northeast Spokane, Northwest Spokane, the area north of Highway 2, Mead and Country Homes, and Liberty Lake all experienced price drops, making them more affordable for interested buyers. The east side of the South Hill stood out as the only neighborhood with positive growth. It is crucial to work with a knowledgeable realtor who can provide valuable insights tailored to your specific needs.

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