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Resale Inventory Down - New Construction Up

new const.jpgI haven't checked the exact numbers, but it appears our overall inventory in the Wenatchee real estate market area  is down considerably from this time  a year ago.   I've read numbers as high as 40%, but I haven't verified that.   On the other side of the scale, helping balance supply with demand is the surge in new construction.  New construction is up around 15%.    Drive around on either side of the Columbia River and you will see all the new subdivision development.    Our prices continue to climb, yet not at the insane rate we are seeing in other parts of the country.   

In working with new people coming to the area, they find our home prices a good value, compared to other market areas such as  Las Vegas, Reno, Mill Creek, and  California in general.   Those are the areas my new clients are coming from.    Conversely, though, people coming from say Moses Lake find our values on the high side... even though Moses Lake continues to grow at a rapid pace, as well.    It just all depends on the market area. 

Remember, you can search the entire local MLS, and do statewide and nationwide searches from my primary real estate website.  If I can answer any specific questions, please contact me. 

In the meantime, have a great week-end!
Carol

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