Is Seattle Real Estate Fueling Wenatchee Prices?
As I watch what is happening with growth and pricing increases in Wenatchee and the surrounding areas, I can't help but think the staggering price increases in the Seattle area, and western Washington in general, is having a significant effect on what is happening here.
Much of the current activity in North Central Washington is coming from buyers with a "west side" address. They're looking for investments and are being forced east by relative value for the money. Now I see a ripple moving further east, with my very own Wenatchee area investors buying investment properties out in the Columbia Basin because prices have increased so much in the local Wenatchee market area. There a multitude of reason why people are buying here, of course, but this "west side" factor certainly appears to be valid and significant.
We welcome these buyer, of course... but must realize, accept, and plan for, how it will affect not only property values but the overall economic and social impact.
Carol@TopPropertiesWenatchee.com
http://TopPropertiesWenatchee.com


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