I know it's about a month late but, on my Active Rain blog, I posted a very brief overview of the local real estate activity in 2007. 


2007 was a very good year for real estate in Wenatchee in spite of a national downturn.  We did see some slowing in sales activity creating a much needed pricing stabilization.   To read the complete post, click here.


Have a great week!







For the most current info with personalized, customized, service contact the TOP Team:
Carol Williams  TopTeamCarol@gmail.com  
Shelley Granger  TopTeamShelley@gmail.com


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If you're curious about overall market activity in the Wenatchee and East Wenatchee market areas, here is some information for you.  This information is for Wenatchee and East Wenatchee only.  It does include Malaga in Chelan County and Rock Island in Douglas County, but not Cashmere, Leavenworth or Waterville.


Single family homes:
  Currently for sale  420
  Sold last 30 days    62
  Percent of inventory sold last 30 days  15%


Manufactured and Mobile Homes
  Currently for sale  41
  Sold last 30 days  12
  Percent of inventory sold last 30 days  30%


Condos
  Currentlyfor sale  62
  Sold last 30 days   3
  Percent of inventory old last 30 days  4%


What do these numbers tell us?  Statistics can be deceiving and you kind of need to be "in" the market on a daily basis to fully understand what is happening. 


Overall, closed sales for the last 30 days were about 14% of the total inventory.  


Manufactured and mobile homes led the way at 30% and, I suspect, this is because they fall in the "affordable" category. 


Condos (at 4%) are not selling as briskly as they should for the inventory available. Many home shoppers still want the American dream of a home and land... but reality may set in and the acceptance of condos as a first home may increase.  There are several under construction condos Pending, and most of these are to the retired and baby boom sector (not first time home buyers).  These do not fall into the "affordable" housing category that I think of for first time home buyers. 


Single family homes (at 15%) are right at the market average rate of sales.  What these statistics don't show you is the acitivity level per price range.  That can be fodder for another post but I can tell you homes priced at over $300,000 are selling at a much slower pace than those in the lower price ranges.  Overall, mobiles and manufactured housing is bringing the average up and the condos bringing it back down. 


For the purpose of explanation, I define the difference between "mobiles" and "manufactured" housing as follows:  "Mobiles" are manufactured homes on leased land.  "Manufactured" homes are manufactured homes that include land with the sale.   Not all agents categorize these as I do so it is difficult to get accurate individual statistics for mobiles and manufactureds without reviewing every single listing. 


All that being said, and considering the gloom and doom reported in the national media, our market seems fairly healthy... in spite of the seasonal slowdown, tigtening of financing and other factors.


With the strength and diversity of our local economy, I anticipate somewhat slow activity during the winter and another surge in the Spring.  Because of this, between now and late winter will be a great time to buy as motivated sellers reduce prices to compete with other inventory and to sell as quickly as possible. 



For a personalized consultation, specifically relating to your real estate needs contact the TOP Team:

Carol Williams  TopTeamCarol@gmail.com 

Shelley Granger  TopTeamShelley@gmail.com



FREE Search of all homes and land in the Wenatchee MLS 

Current Wenatchee condo news, info and trends


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Cascade Mountains and North end of Wenatchee as viewed from East Wenatchee.  Click on image to enlarge.
Well, Wenatchee is on another list...
this one put out by the National Geographic. 







In the last year, Wenatchee has had the
distinction of being put on several "top" lists, including:

   Named Safest City in Washington State 
   Named #1 Appreciating Real Estate Market in the Nation
   Named a Top "Green" City
 
Now, the National Geographic has put Wenatchee on their list of top 50 "Adventure Towns".  According to a front page article in our local newspaper, The Wenatchee World, this newest list is supposed to identify the "best mountain, urban, coastal, wilderness and small towns where you can live the adventure dream daily".   Wenatchee was listed in the Top Mountain Towns category.  Hood River, Oregon was also included in this list.  Here is a link to the National Geographic webpage with the list (by category) of towns on the Top Adventure Towns list. 

We ARE a recreational mecca, enjoying about 300 days of sunshine, and our paradise is certainly no longer a secret.


Remember:
Information is FREE.  Knowledge, Experience & Integrity Are Priceless 


For amazing real estate service, contact the TOP Team today:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com 


Search the entire Wenatchee MLS
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Lake Chelan condo info

Stoney Court Condos: The first of seven buildings to be constructed.On my Wenatchee Condo News blog I have posted a year-over-year market summary of condo listings and sales data for Wenatchee, East Wenatchee and Leavenworth.   


The picture to the left is the first building, of 7 to be constructed, at the Stoney Court Condominium development.  I think this is a good pre-construction development to consider buying into.


For more information, answers to specific questions or to preview any available properties in the Wenatchee area contact the TOP Team:
   Carol Williams  TopTeamCarol@gmail.com
   Shelley Granger  TopTeamShelley@gmail.com

Remember:

   Information is FREE

      Knowledge, Experience & Integrity Are Priceless

Rising Home Equity Is A Wonderful Christmas Present!I've been talking about it for months, and the latest statistics out indicate home prices in the Wenatchee area are rising faster than previous forecasts.  Our appreciation ranks 5th in the entire nation for the first three quarters of 2006.


Despite some cooling, according to an article in the week-end edition of the Wenatchee World newspaper, home prices have increased 22% since the first of this calendar year.  Earlier forecasts were in the range of 16%. 

What is fueling the growth?  Aside from the flurry of baby boomers choosing Wenatchee as a retirement and second home destination, our strong and diverse economy should support long term stability, and a strong housing market. 

Home inventories remain very tight in the under $250,000 price range.   To search homes and land for sale in all price ranges, click here. 

To follow the construction of a new home being built click here.

Information is FREE.  Experience & Knowledge are Priceless. 
      Contact Carol today:  Carol@TopPropertiesWenatchee.com

Below is a summary of the Wenatchee area home sales activity for the entire calendar year of 2005. 

The following summary includes:  Wenatchee & East Wenatchee (including Malaga and Rock Island)... Cashmere,  Leavenworth... with Peshastin and Monitor included as well.  This overall summary is of ALL homes sold, including mobiles (on leased land), manufactured (with land), condos and standard single family residences. 

Wenatchee / East Wenatchee homes sold
Total # Homes Sold:  1246
Average Selling Price:  $185,569
Average # Days on the market:  98

The least expensive homes were older mobile homes on leased land.    These homes fit well for people who are on a very limited income.  In many cases they can get a very comfortable home for much less than they would pay for rent.    Even though they don't buy the land, it's still a more financially attractive option to renting. 

 The overall price average doesn't have any particular meaning, because it is an average of every single sale (high and low).    There were 58 homes sold under $100,000.   The most active price range was $125,000 - $200,000 with nearly an equal number of homes sold in the $125,000 - $150,000 range (182)  as the $150,000 - $175,000 (180).    

Cashmere area homes sold:
Total # Homes Sold:  77
Average Selling Price:  $187,412
Average Days on the Market:  94

Again the least expensive were mobiles on leased land, the least expensive of which were $12,000 & $14,000 located in the Dawn Lee Mobile Home Park on Kimber Road.    Otherwise, there was no concentration of sales in a particular price range.  Prices ranged from the low of $12,000 to a high of $475,000 for a home on Majeska Lane.

Leavenworth / Lake Wenatchee area homes sold:
Total # Homes Sold:  264
Average Selling Price:  $241,954
Average Days on the Market:  121

As with the Cashmere real estate market area, the Leavenworth and Lake Wenatchee real estate market areas did not have a concentration of sales in a specific price range... but were spread from a low of $10,000 to a high of 1,254,999.   

* * * * *
I hope you find this information interesting.   As always, it is deemed reliable based on my computer market research... but cannot be guaranteed.

If you want any specific information on past sales, or current listing available please call or e-mail me for additional info.
   Carol@TopPropertiesWenatchee.com
   www.TopPropertiesWenatchee.com 
   1-509-670-7840

Happy 2006 !
Carol Williams

Wenatchee / East Wenatchee / Malaga / Rock Island area:
   Residential single family:
          Sold: 90 
          Avg price: $219,958
          Avg. days on market:  93
   
    Condos:
        Sold:  15
        Avg price:  $187,725
        Avg days on market:  155
        
  Manufactured Homes
       Sold:  3
       Avg price:  $148,713
       Avg days on market:  52
      
* * * * *
Cashmere area:
Residential single family:
          Sold: 7
          Avg price: $181,043 
         Avg. days on market:  78

Note:  If you'd like to compare to the October market activity summary, click here.

As always, this information is deemed reliable but cannot be guaranteed.

For a FREE Price Analysis of your home, please contact me:
   Carol@TopPropertiesWenatchee.com
   www.TopPropertiesWenatchee.com

Sorry... due to my trip to England last month,
the October real estate activity report is a little
later than usual.


Wenatchee / East Wenatchee / Malaga / Rock Island area:
   Residential single family:
          Sold: 111 
          Avg price: $199,687 
          Avg. days on market:  85
   
    Condos:
        Sold:  4
        Avg price:  $196,207
        Avg days on market:  195
        
  Manufactured Homes
       Sold:  9
       Avg price:  $126,100
       Avg days on market:  63
      
* * * * *
Cashmere area:
Residential single family:
          Sold: 9
          Avg price: $224,111 
         Avg. days on market:  135

Note:  If you'd like to compare to the September market activity summary, click here.

As always, this information is deemed reliable but cannot be guaranteed.

For a FREE Price Analysis of your home, please contact me:
   Carol@TopPropertiesWenatchee.com
   www.TopPropertiesWenatchee.com

Since returning from Europe last week, I've noticed a bit of a slow down in the Wenatchee real estate frenzy... BUT there is still good activity on well priced listings.   We are not getting as many showings on each listing but there is still activity and qualified buyers shopping.  

As we move into the winter months people tend to have the impression there won't be much buying activity.  This isn't necessarily true.  There may be somewhat of a slowdown, but there is always buyer activity throughout the winter months.    I still have a consistent flow of inquiries through my website, which is an indication of general interest.   Interest rates are still very attractive, so that shouldn't be a factor in slowing down sales of real estate in the Wenatchee Valley or North Central Washington.  According to studies, Wenatchee real estate is still a very affordable option compared to the rest of the country. 

If you do have a home to you are considering selling, winter is actually a pretty good time to list because there is generally less inventory, meaning less competition for buyers.   As we move into Spring, we always notice a surge in inventory creating more competition among home sellers... and more choices for buyers. 

If you'd like to know the value of your home, please contact me for a FREE Price Analysis:
   Carol@TopPropertiesWenatchee.com
   www.TopPropertiesWenatchee.com

Following is a Wenatchee real estate
(and surrounding areas)  market
sales activity summary...


Wenatchee / East Wenatchee / Malaga / Rock Island area:
   Residential single family:
          Sold: 101  
          Avg price: $221,829 
          Avg. days on market:  99
   
    Condos:
        Sold:  7
        Avg price:  $201,000
        Avg days on market:  160
        
  Manufactured Homes
       Sold:  14
       Avg price:  $91,108
       Avg days on market:  97
      
* * * * *
Cashmere area:
Residential single family:
          Sold: 11
          Avg price: $183,791  
         Avg. days on market:  113

Note:  If you'd like to compare to July's market activity summary, click here.

 

Over almost exactly a 3 month period I have made 99 posts  on this blog.  This is my 100th post (and that doesn't include all the posts on my investment blog. )

Have you checked out the "archives" lately?  This seems like a good time to review some of the earlier posts that may have gotten lost in the deep, dark,  depths of the archives.  Here are some of the posts that might be worth revisiting.   I've tried to cover a wide variety of topics pertaining to Wenatchee real estate and the surrounding area.   This blog has focused mostly on residential real estate issues and my other blog focuses more on the investment aspect of real estate... some specific to the Wenatchee real estate market, and some posts are general in nature.   I hope you find this information informative and useful.  If there are topics you'd like to see covered in the future, whether it be new construction homes, classic homes, remodeling, or whatever... just let me know.    I'm here to serve.

*   Press Release

Resale Inventory Down - New Construction Up

Wanted: For Sale By Owner Stories

Tom, Dick & Harry's

Another Reason To Move To Wenatchee

I Love Home Inspections

Neighborhood News

Hot Summer - Energy Consumption

Badger Mountain Road Improvement

Saint Laurent Winery - Malaga, Washington

Wenatchee Home Builders... aplenty

Waterville's Historic Hotel

Douglas County Courthouse

Wenatchee Real Estate... aplenty

Build It... And They Will Come

Appraisal vs Price Analysis

Is Wenatchee expensive?

Market Craziness

Wenatchee development activity

Egyptian Harem

Best Home Bargain

Wenatchee Real Estate vs Weddings

Wenatchee Real Estate Bubble -Continued

Wenatchee Housing Bubble?

Is it time to grab your equity and run?

Wenatchee Real Estate By The Numbers

Wenatchee Real Estate A-Buzz

Wenatchee Real Estate Market Very Active

Click on a month below to view a list of articles published during that month.

• August 2005 (21)
• July 2005 (30)
• June 2005 (35)
• May 2005 (14)