Properties in the Tri Cities and surrounding areas continue to appreciate over the years.
Local labor statistics indicate a stable, steady economy, with an increase in non-farm employment. The mining, logging, and construction sectors pick up from the previous year, and the manufacturing, leisure, and hospitality sectors are the best performers with a 0.2% increase (preliminary, as of January 2014). The stable economy sustains a healthy properties industry, as value and sales continue to appreciate.
Value of Real Estate Properties
The average sold price for residences has increased to 464% over a 36-year period, from $45,000 in 1977 to $208,772 in 2013. At 9.03 houses sold daily in the previous year, appreciated value remains affordable