Tuesday, November 16, 2010

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

Realty Times - Pasco, 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 realatively balanced market in many price ranges and locations. Consumers should fight the urge to follow the national news of the real estate market. Some price ranges are very much a 'sellers market' while others may be the opposite.

Pasco can be described as a 'bedroom community' since nearly three-fourths of the land area consists of residential neighborhoods. The Tri-City area's commercial airport is located in Pasco as well as some industrial, commercial and retail businesses. May through October, Pasco features a popular farmer's market in the downtown area. It is also home to the Tri-Cities Dust Devils, a baseball farm team to the majors. Look for a new aquatic center to be developed in the future and located very near the Columbia River to make it centrally located in the Tri-Cities.

This is the entry-level residential growth center of the three communities. It has cooperated and annexed large tracts of land for development of single-family homes for the areas' first-time homebuyer families. Growth has been so drastic that Pasco is Washington State's first ranked city for percentage of growth and is ranked high nationally.

Types of housing include multi-family, older neighborhoods, new neighborhoods, high-end river front areas, large manufactured home neighborhoods and country living.

Many new construction and re-sale homes are available, especially in the sprawling areas north and west of town. Many new homes are marketed to first-time buyers.

ZIP Code: 99301

Location Characteristics: Pasco is predominately a residential community located in (and the county seat for) Franklin County. Pasco is across the Columbia River from Kennewick and Richland. This city is one of the communities making up the region known as the Tri-Cities.

No comments:

Post a Comment