Chelan Residential Sales Numbers Up and Down in January!
While results are mixed, there are some good signs in the Chelan Residential Sales Summary. Average Sale Price climbed to a whopping $820,887 on the strength of a couple of high end sales. One waterfront home sold and one home that sold for over $800,000. That boosted the Total Sales Dollars in January of 2009 to $4.1 million besting last year’s $3.4 million in sales in January of 2008. The number of Sales Transactions, while down from 9 in 2008 to 5 in 2009, was better than November or December of 2008.
On the other side of the equation, Sales Price to List Price Ration dropped to 82.06% for January. The properties purchased averaged well below list price.
Overall, I find the results encouraging in that some higher dollar purchasers are coming back into the market and activity is up from November and December. Sellers be aware that offers, when the come, may be well below the asking price. Buyers will continue to see a fantastic selection with the number of listings in January being about 9 times the number of sales.
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