After an unusually long break from blogging, I am going to try to get back to some regular posting.  Life and work has filled my days (and nights) and I took a much needed 4-day mini vacation on the Oregon coast about a week ago. 


So, are you curious about what's happening in the Wenatchee real estate market?  Everywhere I go... and I mean everywhere home or away... people ask me "How is the real estate market".  Of course, they read and hear all the negative media and wonder if it is as bad as they are hearing.


There is definitely still quite a bit of selling activity going on BUT there is also ALOT of inventory.  For example, in the $225,000 - $275,000 price range there are currently 101 homes on the market.  How does an agent who has clients in that price range decide which ones to show?  We certainly can't show 101 homes to one client.  Of course there are always certain criteria a client is looking for but it's still a lot to choose from. 


I've noticed more sign switching going on lately, meaning sellers are switching agents thinking that will help their home sell faster.  What's really going to help their home sell is to price it competitively with the competition.


Yesterday was our weekly agent tour day.  This is when we go out and preview the new listings on the market (and also a few the agents put old listings back on tour because their listings haven't sold and they want us to take another look).  Shelley and I love tour day because it helps us tremendously with keeping up with inventory and pricing trends. Plus, we get to visit with agents and talk business.  The problem is there are so many homes on tour we can't physically get to them all in the alotted 3 hour time frame. 


I guess my point to all of this is... in the current market it is critical for sellers (and agents) to be very competitive and stage and price their homes tightly.  You absolutely cannot "play" the market.  If that's your strategy you just need to stay out of the market and let those who really want and need to sell do it.  


Our Wenatchee area economy is still strong and vibrant and there is no cause for concern.  Even though the market has slowed, there is still activity and well priced properties will sell. 


Have a great day!
Carol


For the most current Wenatchee real estate news, info and trends contact the Top Team:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShellwy@gmail.com
Free search of all home in the Wenatchee MLS:  www.TopPropertiesWenatchee.com
Current Wenatchee Condo information:  www.WenatcheeCondos.blogspot.com


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