Continued Struggles in Seattle Market Suggest further Challenges in Chelan and Leavenworth
Posted on March 9th, 2009 by Al Lorenz
I did a posting in a Chelan Real Estate Blog about the continuing struggles, that made the Wall Street Journal, on the Puget Sound real estate market. It continues to weaken, which is not a good sign for areas like Chelan and Leavenworth that depend on Seattle area buyers to buy vacation homes.
In the latter part of 2007 a leading mortgage insurer put the Seattle metro area in its lowest risk category–meaning that it viewed the likelihood of a decline in Seattle home prices over the next two years as extremely small. That benign outlook was shared by many area home buyers–including real-estate investors who were exiting already topped-out markets in the West. – WSJ
One Response to “Continued Struggles in Seattle Market Suggest further Challenges in Chelan and Leavenworth”
Discussion Area - Leave a Comment
You must be logged in to post a comment.
While it is a little early to be be making any news about 1Q sales, here is a snapshot from February about sales in the Leavenworth area. Certainly not great news.
http://iciclecreekrealestate.com/2009/03/01/leavenworth-sold-homes-february-2009/