When it comes to prime spots to buy real estate, Spokane zip codes have to be amongst the top choices in the United States. Indeed, people who live in Spokane live in one of the most dynamic spots in North America. The real estate in the city is similar in variety and pricing to that of Oshawa real estate and other cities of around 200,000 throughout the continent. Let's take a look at what's available, and what the market looks like.

Types of Real Estate

While it is a good size, Spokane is located close to some of the biggest cities in the Pacific Northwest. That means that downtown living has not caught on quite as much as it might have, if the city were more isolated. As a result, the average home owner will own property similar to the average Paris Ontario real estate; single family stand alone dwellings in the suburb are the norm.

Many of those homes boast an appeal unique to the Pacific Coast. You have likely heard that it rains a lot here, but Spokane enjoys a climate that is a little bit drier than what you will find further west. Still, there is enough rainfall here to give the environment a totally different feel than what you would find if you were looking at a Mississauga real estate listing. Lush front lawns and greenbelts are the norm; if you hate watering but don't mind mowing, it's the city for you!

While most Spokane residents prefer their own homes in the suburbs, the condo and townhouse market still enjoys a presence within the city. You won't find anything quite like Liberty Village condos here, as there really is no market for high rise complexes. However, there are still plenty of mid and low rise buildings offering a variety of units, from luxury to bachelor.

We shouldn't neglect a brief discussion on the commercial real estate picture, as Spokane is considered to be one of the hub cities of the Northwest. The presence of several big companies in a number of different sectors means that business continues to thrive in the Spokane area. Commercial real estate lenders are often willing to loan at good rates, since businesses in the area generally thrive.

Prices

Those who live in the Pacific Northwest are generally drawn to Spokane in part because of the fair price of real estate in the city. As the fifth largest in the region, the average listing price of $277,000 for homes in the area looks like a downright bargain for those who have seen the prices in Seattle, Vancouver, and the other major cities of the region.

While luxury homes are available, the main presence on the Spokane real estate market is the middle class family home. That's demonstrated by the median price of homes in the area, which sits at a mere $160,000.

Like other cities in the United States, house prices have fallen in Spokane over the last couple of years. However, the flux has not been as significant as in states such as California, leading experts to believe that the Spokane market will continue to be a stable one for home buyers well into the future.