Walla Walla’s real estate market is in full bloom after what’s been characterized as an “active” spring start.
Last month was the most active March for closings in seven years, said Realtor and Windermere Walla Walla broker Doug Simcock in his monthly real estate blog.
“All signs point to a stable real estate market for the Walla Walla Valley,” Simcock wrote.
According to the post, home sales shot up 29 percent in March compared to February. Sales for the first quarter of the year were up 31 percent from the same period in 2013, he wrote.
March had 53 closings, based on data from the Walla Walla Multiple Listing Service.
Simcock wrote that the median price during that month was $180,000. That means half the homes sold were under that price and half were over. The amount reflected a 13 percent increase over February’s median price. Simcock said more of the home sales closed in February were in the lower price ranges.
The median for the first quarter of the year was $170,500, an amount that’s steady with the first quarter of 2013, he said.
The month ended with a 6 percent increase in the number of homes for sale compared to February. That bump coincides with the season. In general, more sellers begin to put their homes on the market starting in spring, he said.
Vicki Hillhouse can be reached at 509-526-8321, firstname.lastname@example.org or on Twitter.