NCW Real Estate Blog

Here it is, a business opportunity for somebody in North Central Washington. The Wall Street Journal today has a post that talks about the effectiveness of home staging. Well, the article is really about “buyer beware” home staging might make you pay too much.

That, of course, is silly. Regarding staging of a home, the article states:

Home buyers impressed by such good looks, tend to overpay. According to home stagers, staged homes sell for [Read more →]

Tags: Design, General Interest, Local, Marketing by Al Lorenz
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That’s what it sounds like when I read through the public input received on the City of Wenatchee’s 2008 Housing and Community Development Action Plan you can find here.  There was a public hearing on April 12, 2007 and nobody spoke.  In August of 2007 notice was published inviting public comments from residents and other interested folks to comment on the 2008 action plan.  One letter was received.  In October of 2007 a public hearing was held to review comments received on the plan.  No one spoke at the public hearing.

This month, on April 24th, the City of Wenatchee is having a [Read more →]

Tags: General Interest, Local by Al Lorenz
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I have posted a spreadsheet showing historical residential sales numbers from 2005 in the Chelan Co-Brokers’ MLS. 

The number of pending sales has climbed from the lower to mid twenties to the 42 to 44 range.  Traffic in town has been picking up and I, and other real estate folks have been pretty active showing and listing property.

BUT, the first quarter sales are 19 homes in the first quarter, down from 29 in 2006 and 2007, but up from 11 in 2005.  The Average Sale Price is still up year to year, to $484,257 from $413,023 in 2007.  The Average Sale Price was only $220,681 in 2005.

AND, only 4 residences were sold in March, excluding timeshares, at an Average Sale Price of $378,000.  With only 4 sales, I don’t put much stock in the Average Sale Price being statistically significant.  But, it does appear pretty clearly that 2008 is starting a bit more slowly than 2007 did.   Please share your thoughts in the comments.

Tags: General Interest, Local by Al Lorenz
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