Spokane's Top 10 Luxury Home Sales of 2023

  If you thought luxury real estate was reserved for coastal cities like California or Seattle, think again. In 2023, Spokane, Washington saw a staggering 156 homes sold for over $1,000,000, showcasing a growing appetite for high-end properties in this scenic region. Today, we're going to dive into the top ten most expensive home sales of the year, offering a glimpse into the exclusive world of luxury real estate in Spokane.   10. A Taste of Country Living on Green Bluff Kicking off our list is a charming farm on Green Bluff, a picturesque area northeast of Spokane. Priced at $1.95 million, this 1900s farmhouse boasts 3,800 square feet, four bedrooms, and a unique connection to the local farming community. With a new construction farmhouse, a barn with a storefront, and ten acres of fruit trees, this property provides a blend of classic charm and modern amenities.   9. Mid-Century Modern Retreat Located off the Palouse Highway, our ninth contender offers a mid-century modern vibe on ten acres. With almost 5,700 square feet, four bedrooms, five baths, and three family rooms, this rancher stands as a testament to luxury living in the outskirts of Spokane. Expansive and thoughtfully designed, it showcases classic elements with a touch of modernity.   8. Lakeside Living in Liberty Lake Breaking into the $2 million range, our eighth pick is a property directly on Liberty Lake. With 4,400 square feet, four bedrooms, and three baths, this older home exudes charm and rarity. Its waterfront location adds substantial value, making it a coveted piece of real estate in Spokane County.   7. Off-Market Luxury Condo Our seventh entry takes us to the heart of downtown Spokane with a luxury condo that sold off-market. While we can't show you pictures of this particular unit, we've provided a glimpse into a similar condo in the same building, priced at $1.8 million. Boasting three bedrooms and 3,100 square feet, it exemplifies the allure of urban living in a central location.   6. The Castle on Cove With almost 13,000 square feet, five bedrooms, and a stunning ten bathrooms, our sixth pick sits on a gated nine-acre property in the Hangman area. Listed initially at $2.5 million, it ultimately sold for $2 million after almost 400 days on the market. Despite privacy concerns limiting interior views, the craftsmanship, and landscape design make it a noteworthy addition to our list.   5. East Mission Elegance Heading towards Liberty Lake, our fifth luxury home offers 5,600 square feet, four beds, and baths on 20 acres along East Mission Avenue. Priced at $2,050,000, this property caters to car enthusiasts with its seven-plus car garage. Surrounded by dense trees, it provides privacy and a classic aesthetic.   4. Lakeside Serenity on Liberty Lake Claiming the fourth spot is another Liberty Lake property, this time priced at $2.1 million. With 3,000 square feet, three bedrooms, and two baths, this home offers 85 feet of waterfront on the coveted Liberty Lake. While maintaining a more dated 1970s design, the private beachfront significantly elevates its value.   3. Tranquility on Upper Meadow Lane Nestled in the Hangman Valley area, our third pick is a 6,200-square-foot, six-bedroom oasis on three acres. Built in 2010 and updated in 2022, this property boasts a pool, multiple shops, and a secluded location. With a timeless appeal and modern amenities, it perfectly embodies the luxury living experience.   2. Historic Grandeur on Highland Drive The runner-up is a masterpiece on Highland Drive, built in 1927 and listed on the historic register. This South Hill residence exudes classic charm with crown moldings, refinished hardwood floors, and antique-inspired designs. With seven heating and cooling zones, this property offers historic grandeur combined with modern comfort.   1. Falcon Point Court: The Pinnacle of Luxury Securing the top spot on our list is the People's Choice Award winner for the Fall Festival of Homes. This custom-built property on Falcon Point Court, just outside Eagle Ridge in the Latah Valley, epitomizes modern luxury. Completed in 2021, the $2 million residence showcases a classic modern design, panoramic views, and meticulous attention to detail, making it the crown jewel of Spokane's luxury real estate market.   Whether you're in the market for a dream home or simply enjoy marveling at exquisite properties, these top ten luxury home sales in Spokane, Washington, provide a captivating glimpse into the opulent real estate landscape of the region. Stay tuned for more insights into the ever-evolving world of luxury living in Spokane.

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Liberty Lake, WA Full Map + Driving Tour | Everything You Need to Know

  Have you ever wondered what it's like to live in Liberty Lake, Spokane? Well, you're in luck! In response to popular demand, we've embarked on a driving tour of Liberty Lake to provide you with an in-depth exploration of the various neighborhoods, commercial areas, and community features. Join us on this virtual journey as we navigate through Legacy Ridge, commercial hubs, condominiums, golf courses, lakefront properties, and emerging developments. By the end of this blog, you'll have a better understanding of the diverse offerings that Liberty Lake has for potential residents.   1. Legacy Ridge: Unveiling Hidden Gems Our journey commences in Legacy Ridge, a neighborhood that may appear unassuming on Google Maps but surprises with its extensive development. Join us as we explore the charm of one-level houses, community parks, and unique features that set Legacy Ridge apart.   2. Commercial Hub: Liberty Lake's Beating Heart Venture into the bustling commercial heart of Liberty Lake along Country Vista Boulevard. Discover the shops, restaurants, and local businesses that define the area's commercial landscape. From Home Depot to local eateries, Liberty Lake offers convenience and variety.   3. Condominium Living: Affordable Luxury Delve into the 55-plus condominium area, a popular choice for those seeking simplicity and affordability. Learn about the amenities, community gardens, and the appeal of living within walking distance of essential services.   4. Stone Hill and Rocky Hill Park: Contemporary Living Explore Stone Hill, a community under construction by Lenore, and discover the older Rocky Hill Park developed by Greenstone. Uncover the distinctive characteristics of these communities, from modern designs to established neighborhoods.   5. Lakefront Residences: From Vintage to Luxury Take a scenic drive around Liberty Lake, starting with the original lakeside homes that exude vintage charm. Witness the contrast as we explore brand new luxury mansions, emphasizing the rarity and prestige of waterfront living.   6. North Liberty Lake: A Glimpse into the Future Cross over to North Liberty Lake, where ongoing developments promise a vibrant future. Explore Orchard Park, the River District, and witness the evolving downtown area that aims to bring new life and community spirit to Liberty Lake.   As our comprehensive tour of Liberty Lake concludes, it's evident that this Spokane gem has something for everyone. From diverse neighborhoods and commercial hubs to lakeside retreats and emerging developments, Liberty Lake offers a rich tapestry of living options. Whether you seek tranquility, modern amenities, or community engagement, Liberty Lake welcomes you with open arms. If you're considering a move to this picturesque locale, the diverse options showcased in this tour might just be the answer to your housing dreams.

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Realtor.com Predicts MAJOR Price Drop in Spokane, WA in 2024

    The anticipation surrounding the real estate market often mirrors the hopes and dreams of potential homebuyers and sellers. In a recent development, Realtor.com has released its housing market predictions for 2024, unraveling a mixed bag of expectations for various cities. One city that stands out is Spokane, making waves with an intriguing forecast. In this blog post, we will delve into the details, exploring the current scenario, the predictions made by Realtor.com, and the potential implications for both buyers and sellers.   Current Market Dynamics As of the present moment, the real estate landscape is witnessing a notable shift. The speaker notes that interest rates have fallen below 7%, a phenomenon not observed in the past seven months. With conventional fixed-rate mortgage rates at 6.62% and FHA loans as low as 6.1%, there seems to be a favorable environment for potential homebuyers. The speaker emphasizes the importance of consulting with a lender to get accurate details.   Realtor.com's Predictions for Spokane Realtor.com has presented price predictions for the top 100 real estate markets in the United States. Spokane is notably absent from the list of the top 10 markets with the largest increases. However, it has claimed the third position in the list of markets with the largest decreases. The prediction is a substantial 10% year-over-year drop in housing prices for Spokane in 2024. This raises questions about the potential consequences for homeowners and the overall market.   Impact Analysis To understand the significance of a 10% drop, the speaker provides context by comparing it to the current average home price in Spokane, which is around $420,000. A 10% decrease would translate to a reduction of $42,000, bringing the average price to approximately $380,000. The speaker reflects on how this change aligns with the market's recent history and speculates on the factors driving these predictions.   Comparisons with Other Markets Realtor.com draws parallels with Austin, Texas, highlighting it as an example of a housing market that experienced significant price surges during the pandemic. Despite projected declines in 2023 and 2024, Austin's prices are expected to remain 29% above pre-pandemic levels. Spokane, too, is expected to face a similar situation with prices potentially staying well above pre-pandemic levels despite a projected 10% drop.   Considerations for Homeowners and Buyers The blog post explores the potential impact on different stakeholders. Homeowners who purchased between May 2021 and the present might face challenges if the predicted drop occurs. For buyers, the question arises: Is it wise to wait for a 10% price drop? The speaker shares insights into negotiating strategies in the current market, emphasizing the importance of considering factors beyond just the house price, such as interest rates and terms.   Red Fin's Mortgage Rate Predictions Red Fin's forecast on mortgage rates for 2024 is introduced, suggesting a gradual decline. The speaker discusses the potential implications of falling interest rates on buyer behavior and the overall market dynamics.   Increased Home Sales and Inventory Red Fin anticipates a significant increase in home sales in 2024, accompanied by additional inventory. Move-up buyers, motivated by lower mortgage rates, might contribute to this surge. The blog post discusses the potential consequences of this influx on the real estate market in Spokane.   In the grand scheme of things, the real estate narrative for Spokane in 2024 reads like a captivating story. It's not just about percentages and market trends; it's about the hopes, dreams, and decisions of the people making Spokane their home. As the rollercoaster of prices, rates, and choices unfolds, remember that your journey in the real estate world is more than a transaction—it's an exciting chapter in the story of your life. So, here's to navigating the twists and turns with enthusiasm and making the most of your real estate journey!

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