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Friday, June 10, 2022

Siena Hills is one of the newest communities in the Tri Cities. Located in South Richland, WA on the back side of Badger Mountain, Siena Hills offers a beautiful, quiet neighborhood to call home. Some of the amenities of this neighborhood include: walking trails, high-speed internet, future community pool, parks, and more! Riverwood Homes has several move-in ready homes to choose from including: the Arlington, Olympia, Lincoln, Messina, and Madison. 

Please contact our representing real estate agents to schedule a tour of the community and to visit our homes!

Jason Barrow - jb@rcsothebysrealty.com; 509.308.2102
Greg Johnston - greg@rcsothebysrealty.com; 509.539.3834

Posted by riverwoodadmin at 6/11/2022 2:34:00 AM
Friday, May 13, 2022

Open houses are happening again this weekend in Siena Hills!!

We've added Fridays to our Open House schedule, to give you more opportunities to tour our homes!

Friday 5/13 (12 pm - 3 pm)

Saturday 5/14 (12 pm - 3 pm)

Sunday 5/15 (12 pm - 3 pm)

Here is a Google Map link: https://goo.gl/maps/WLVmyQgBZuR2ocuh8

We have several new, move-in ready homes for you to see!

Please contact our real estate agents for more information: Jason Barrow 509.308.2102 Greg Johnston 509.539.3834

Posted by riverwoodadmin at 5/14/2022 12:08:00 AM
Friday, April 29, 2022

Join us this weekend for our first Open House in the brand new community of Siena Hills in South Richland!!

Saturday (4/30): 12 pm - 3 pm

Sunday

Posted by riverwoodadmin at 4/30/2022 6:30:00 AM
Friday, October 22, 2021

Riverwood Homes has two newly completed homes in the Tuscany subdivision in Boardman, OR. These two homes are the final homes available in Tuscany phase 2. One home is a beautiful, single-level Odessa with stucco exterior. The other is a stunning, two-story Madison with a beautiful, spacious backyard. Both houses sit on premium lots overlooking the greenspace of the neighboring school. These are two of the finest  new homes that you will find in Eastern Oregon and we hope that you will contact us to schedule a visit!

Posted by riverwoodadmin at 10/22/2021 9:10:00 AM
Friday, September 24, 2021

The 2021 Virtual Parade of Homes in Tri Cities, Washington is available now until October 31st, 2021. Please visit the official website to see pictures and 3-D tours of the four houses that participated in this year's Virtual Parade. We are grateful to our employees, suppliers, trade partners, HBA of Tri Cities, and others who helped us participate in this wonderful event.  

https://my.matterport.com/show/?m=wE8DT3rVKYs

Posted by riverwoodadmin at 9/25/2021 2:50:00 AM
Friday, September 10, 2021

Fortune.com published an article on August 26 showing a list of “overvalued” home markets. Right at the top of the list is Boise, Idaho selling at an 80.64% premium. What does this mean?

 

First of all, using the term “overvalued” makes it sound like the value isn’t really there. That a Boise homebuyer isn’t getting what they’re paying for, and that 80% of the investment they’re making in their home can simply disappear. Let’s dig a little deeper.

 

The Florida Atlantic University study the article was based upon used the Zillow Home Value Index over the past 25 years as a base point. Meaning that we’re comparing today’s home prices to home prices as far back as 1996. The graph below from the St. Louis Fed shows what’s been happening to Boise area home prices over time. This is what we’ve all seen over time, the home prices in Boise have gone up dramatically.

 

 

So home prices have gone up, but are they “overvalued”? This is a supply/demand issue. We’ve all seen those “greatest places to live” articles over the past 20 years that show Boise near the top of every list. That creates interest in the area and people wind up moving here. If the supply of homes can’t keep up with new demand (new local households being formed and looking for homes along with people relocating from other places) then prices increase.

 

The associate dean at FAU’s College of Business makes this statement:

“In the Top 10 markets, potential buyers might want to consider renting and reinvesting money that they otherwise would have put into homeownership.

That actually proves that Boise’s home market isn’t overvalued but is actually responding to market demand. If home prices were truly higher than they were actually worth, then renting would be a viable option. This article by local news site boisedev.com shows how rent prices in Boise are increasing at the fastest rate in the country. Whether people are planning on renting or buying, there’s more demand than the market can currently meet.

Boisedev.com also refutes use of the word “overvalued” by the Fortune.com article and FAU study in an interview with a local real estate broker here.

 

This may sound a little nitpicky. We all agree that Boise home prices and rent costs have increased dramatically. But we shouldn’t be afraid that we’ll suddenly lose 80% of the value in our homes. Those prices are supported by market demand and people wanting to live in a highly desirable area.

 

Posted by riverwoodadmin at 9/10/2021 11:26:00 PM
Wednesday, July 14, 2021

Steeplechase is a brand-new subdivision in West Kennewick. The neighborhood boasts beautiful, 1-acre lots that offer the room you have been looking for to build a shop or pool or to just have the extra space to park an RV or boat. Steeplechase offers a spacious area to live and yet is still close enough to town for shopping and employment. Steeplechase is in the Kennewick school district and elementary-aged kids attend Cottonwood Elementary, one of the highest rated elementary schools in the Tri Cities!

Posted by riverwoodadmin at 7/15/2021 1:09:00 AM
Friday, June 11, 2021

 

The Barcelona with Loft is our final home available in the Terra Vista Heights community of south Kennewick. In addition to our standard features, this home offers an expanded concrete back patio presenting amazing views of the city and surrounding countryside. With easy access to schools, retail, and healthcare, this home offers an ideal location in this newest part of Kennewick.  For more information, please contact us at info@riverwoodhomes.com

Posted by riverwoodadmin at 6/12/2021 5:05:00 AM
Thursday, October 24, 2019

Riverwood Homes has four, move-in ready homes in the newest phase of Willowbrook in Richland, WA! 

One of these homes is the Atlantica floorplan and it was just recently fully-staged. This two-story floorplan features a spacious, open layout on the main level, with tons of natural light. It also features an in-law suite on the main level with three bedrooms and a play area on the second floor. 

The Willowbrook community is centrally located in the Tri-Cities and provides great access to shopping, schools, restaurants, employment centers, and more!

We invite you to come visit our newly staged Atlantica floorplan, and also see our other houses in this beautiful community!

 

 

Posted by riverwoodadmin at 10/24/2019 1:31:00 PM
Thursday, August 29, 2019

Riverwood Homes is now building in the Sunrise Ridge community of Kennewick, WA.

We have several daylight basement lots, all with stunning views of the Columbia River, Blue Mountains and nearby orchards.

Sunrise Ridge is close to shopping, schools, restaurants, and other amenities, but away from the traffic and noise. 

Please contact us if you'd like to learn more!

Posted by riverwoodadmin at 8/30/2019 5:42:00 AM
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