What is more difficult than putting a square peg in a round hole?  Being a first time home buyer in the Wenatchee Valley. 


It's becoming so difficult to find homes for the, working class, first time homebuyers these days that I thought running a summary of all price ranges would be interesting.  As of tonight, of the 203 single family homes for sale in the greater Wenatchee and East Wenatchee areas, here is the breakdown by price range:

14 @ $18,900 - 99,999  (7 are mobiles on leased land)
 8 @ $100,000 - 124,999
 9 @ $125,000 - 149,900
25 @ $150,000 - 199,999
32 @ $200,000 - 249,999
40 @ $250,000 - 299,999
15 @ $300,000 - 349,999
11 @ $350,000 - 399,999
18 @ $400,000 - 499,999
13 @ $500,000 - 599,999
 6 @ $600,000 - 699,999
 3 @ $700,000 - 799,999
 3 @ $800,000 - 899,999
 3 @ $900,000 - 999,999
 3 @ 1,100,000 - 1,850,000



This is alarming and a very difficult situation for most first time homebuyers, with limited cash for a down payment.  Other than the mobile homes on leased land, ALL of the homes under $100,000 need considerable work.  Many of those in the $125,000 - $150,000 price range have similar problems.  Most of them, if not all, will not meet current financing requirements... meaning they will need to be sold to investors with all cash or purchased under some sort of re-hab financing option.  The mobile homes on lease land have financing challenges of their own. 


I have a large group of real estate investors truly itching to buy... BUT most, if not all, of these (under $125K) homes do not meet their buying criteria because they are in locations that do not appreciate at a rate equivalent to the market average.  


We used to see affordable condos come on the market now and then but they are becoming oh so rare too.  I'd sure love to see a new, affordable, condo development in the area... priced in the $125,000 - $150,000 range.   A lower price range would be even better.    It's probably not going to happen, but one can always hope! 


For a custom search or for the answers to your real estate questions, contact:
Carol@TopPropertiesWenatchee.com 


Or, do your own search for homes and land in the Wenatchee MLS:
www.TopPropertiesWenatchee.com