2004: A record year in Spokane real estate
Sun., Jan. 23, 2005
The year 2004 was a record-breaker in Spokane County real estate. A total of 7,681 homes were sold in 2004, up more than 6 percent from 2003. The average price of a home sold in 2004 was $146,415, up 9 percent from $134,251 in 2003.
For the first time, sales volume in the county topped $1 billion, at $1.12 billion in 2004, compared to $969.1 million in purchases in 2003.
New home sales in the county totaled 1,141 in 2004, compared with 1,056 in 2003. Average price of a newly built home was $212,286 in 2004, up from $195,928 in 2003.
In the Valley: 197 homes — 41 of them new construction — sold at an average price of $159,197. Total dollar volume was $34.8 million.
In the South: 190 homes — 33 of them new construction — sold for an average price of $167,022. Dollar volume was $31.7 million.
In the Northwest: A total of 205 homes — 36 of them new construction — were sold at an average price of $148,499. Dollar volume was $30.7 million.
In the Northeast: 161 homes — 12 of them new construction — sold for an average price of $77,538.
In other parts of Spokane County: Sixty homes — 23 of them new construction — sold at an average price of $124,253. Dollar volume was $7.4 million.
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