Braced for growth

Soap Lake real estate market comparable to other areas, but still soft

SOAP LAKE — The real estate market in Soap Lake is similar to other surrounding areas, but still not as strong as it could be with lower inventory and a softening market, said Realty Executives Grant County Broker Raymond Gravelle. Gravelle is also the president of the Grant County Association of Realtors and served as the mayor of Soap Lake from 2014 to 2019. “We do have an inventory crunch … Our inventory is still low. That is keeping pressure on the prices,” said Gravelle. “In the past three years, there's been 23 new homes sold with average stays on market of 35 (days) and an average price of $324,509. So today's average price is four percent lower than the average price over the past three years.”