There are currently 116 new construction homes (2007-2008) for between $225-275 K active in Spokane.
While it is true there are far more expensive new construction as well, the median home price is well represented. I would be happy to e-mail you these listings and keep you up to date in your preferred price range.
Wether a builder is flexible on price or not really depends on how much inventory they have. The market here is stable, but construction is slowing because there is a good supply.
I am astounded at how many different answers you received. There is one post that in my opinion is fairly accurate and correlates with what my broker has been telling us.(who is a statistical genius...I might add)
According to the home builders association and market statistics, if you look at the numbers of homes on the market...new construction etc. you will see that building permits are down....grossly...however in-migration is up from the year before. Rents have gone up, and soon we will see a shortage of new construction, projectively around mid to late summer. In the course of the last month, I noticed business has really picked up and homes are really starting to sell again. I noticed that nearly every day more and more homes are pending sales. Good luck!
Thanks for your question! What areas in spokane are you looking at for new construction? That will help to answer your question better. Builders have dropped prices a bit and inventory on new construction is a little higher than usual right now. However, Spokanes market is still doing VERY well as compared to the rest of the nations major metros so their really hasn't been a huge need to reduce prices liked most cities are having to do. Spokane is on a VERY short list of cities that still had appreciation rather than depreciation for 2007. In addition, Washington, Oregon, and Idaho are the only 3 states that had appreciation in 2007, every single other state in the nation had depreciation. (This is based on looking at the major cities that collectively make up that states overall average.) Spokane is also on a top ten list in the nation for appreciation two years in a row now. So, the national crisis and news really isn't true for the real estate market in Spokane, it does have some trickle down effect though. Their are some really high end pricey developments here that is true, but their are also many new construction homes that are around $200K or just under, and in fabulous neighborhoods, such as five mile prairie, Mead, Colbert and Liberty Lake. I would be happy to talk to you more about these many inexpensive opportunities that are available here. See my link below for my information, home searches, and much more. I hope this proves helpful for you and most of all good luck on your search and take care! Most Sincerely, Chris Warmuth. Windermere/North Spokane, WA.