Tri-Cities WA Real Estate

The Tri-cities WA Real Estate market has been great for some time. Sales have been steady, but new construction has overbuilt. There are over twice as many listing on the Tri-cities MLS as there were three years ago. For more info on the market check out http://www.findinghomes.org There you can search all the properties on the Tri-Cities WA MLS. If you want to learn more about the market it would be a good place to start.

I am currently putting together a marketing plan for builders. Below is some info on the area.

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In Washington State, the Tri-Cities area of Richland, Pasco and Kennewick "is a cosmopolitan area on the verge of significant growth," remarks Dennis Donovan, Senior Managing Director, in World Trade Magazine, June 1995. The magazine rated the Tri-Cities, the fourth largest metropolitan statistical area in Washington State, as the number four city for quality of life in a long listing of the nation's top 343 cities.

"SouthEastern Washington and the Greater Tri-Cities" area sits in the southeast corner of Washington State at the confluence of the Northwest's mightiest river, the Columbia, and two of its major tributaries, the Snake and the Yakima. These rivers provide the region with plentiful hydroelectric power, irrigation for the most diverse crops in the United States, barge transportation for those crops, and recreation for the area's 175,000 residents.

A modern interstate highway system brings the major metropolitan areas of Seattle and Portland within 3 1/2 hours driving time. Spokane lies two hours to the north and Idaho is east approximately the same distance. These major highways provide dependable year round transportation routes for the agricultural and manufactured commodities leaving the Tri-Cities for their world markets.

The region's economy is anchored in agriculture, technology and government. Major employers include Westinghouse, Boeing, Pacific Northwest National Laboratory, Lamb Weston, ICF Kaiser, Iowa Beef Processing, and Washington Public Power Supply System. The area has grown into a regional retail hub, drawing consumers from Southeast Washington and portions of Idaho and Oregon.

Residents within a 30 mile radius have an average household income of $38,130. This population is well educated, with over 50% having attended some college and 20% of those receiving 4-year or higher degrees. Per capita, more Ph.D.'s call Richland home than any other city in the world. Washington State University's branch campus provides a variety of degree programs and continuing education designed to benefit the region's major employers. Columbia Basin College gives students local access to Associate Degree programs covering a wide range of topics, and works closely with area employers to develop worker training programs.

Tourists and residents enjoy the region's sunny, warm days while boating or picnicking in parks along the river, golfing at any of the nine quality golf courses, wine tasting at some of the region's 25+ wineries, and shopping at the largest open air, fresh produce market in Washington State.

Festivals and public events keep residents and visitors entertained throughout the year. Each July, the Tri-Cities' Water Follies presents unlimited hydroplane races, one of only 16 races in the nation, drawing over 60,000 spectators. The Mid-Columbia Ballet, the Richland Players and Light Opera, and the Mid-Columbia Symphony provide year-round cultural productions. Art galleries and exhibitions showcase local, regional and national artists during indoor and outdoor exhibits.

Source: Community Data Book, SouthEastern Washington and the Greater Tri-Cities Area, Tri-City Industrial Development Council, 1996.