Tuesday, November 16, 2010

Realty Times - Kennewick, Washington Real Estate Market Conditions from Marchell Mascheck

Realty Times - Kennewick, Washington Real Estate Market Conditions from Marchell Mascheck



Current Market Rating: 3

1
2
3
4
5
Buyer's
Seller's
Current Price Trend: 3

1
2
3
4
5
Falling
Rising

Tri-Cities is currently experiencing a balanced market in many price ranges and locations. Consumers should fight the urge to follow the national news as the situation here is quite different. Some price ranges are very much a 'sellers market' while others may be the opposite.

Kennewick is a more sprawling town than others in the Tri-Cities area. This is a community that has developed some tourism and full-scale retail to serve the entire area. Also included is the Toyota Coliseum (home to the Tri-City Americans hockey team and the Fever Arena Football team--2005 Champions) and Three Rivers Convention Center complex. Additionally, the Coliseum is home to the Windermere Theatre--a more intimate space than a hockey arena, where Broadway shows and more personal performances provide a greater experience.

Kennewick has a diverse array of residential housing and offers extensive and affordable housing, services and retail amenities as well as a highly educated and trained workforce. Kennewick has beautiful river-view neighborhoods and downtown neighborhoods, which have been targeted for revitalization.

Types of housing include golf course communities, multi-family, planned communities, rejuvenated downtown area and country living.

New construction residential and commercial development is continuing. An adequate supply of homes is currently available, but the market as a whole is very balanced.

ZIP Codes: 99336, 99337, 99338

Location Characteristics: Kennewick is a community with plenty of shopping, commercial development, re-sale homes and new home construction. This city has the largest population making up the region known as the Tri-Cities.

No comments:

Post a Comment