The Wenatchee real estate market keeps plugging along, not gaining but not losing much from where last year ended. While 2009 continues to be below 2008 levels in both Dollar Volume (-18%) and Number of Units Sold (-11%). since June the dollar volume and number of units sold has been holding steady with last year.
This means the Wenatchee Real Estate Snapshot from Pacific Appraisals is available! Check it out!
Check it out! Chelan county is looking at regulating vacation rentals of single family homes in the Manson SubArea. The process being considered is an “annual permit.”
The permit would – (more)
According to the Pacific Appraisals Snapshot Report, most Wenatchee home sales are occuring on homes priced under $250,000. Sales in total are still lagging last year and October lags last year by about 19% in dollar volume.
Currently there have been 508 homes sold this year, a -13% reduction from this time last year. Number of sales has increased monthly throughout 2009, with the 3rd quarter seeing the most activity. Most sales throughout 2009 have occured in the price ranges of $151,000 to $250,000. – Pacific Appraisals Snapshot for October
In a move that will impact North Central Washington, Boeing picked South Carolina over the Puget Sound area for its second 787 assembly line. Boeing had been negotiating with the Machinists Union in hopes of getting a no strike clause in their contract in exchange for a second production line for the 787.
Certainly the decision makes sense for – more
Here are the Pacific Appraisal Leavenworth and Cashmere Snapshot Reports.
Leavenworth:
The Leavenworth market remains consistent when comparing recent months. Sales continue to be down, while the average and median sales prices of single family homes remains stable. An item to note is there were 3 condo’s sold last month! And with each new condo closing we are are seeing a significant decline in both the median and average sales prices from one year ago.
Cashmere:
The Cashmere marketplace remains significantly down in the number and volume of homes sold when comparing this month’s data to one year ago. However, there were 2 closed single family home sales this month. Up a 100% from a year ago.
Underway is a comprehensive rewrite of the Chelan County subdivision code, section 12 of Chelan County Code. The proposed code, with other comprehensive plan updates, is going before the Planning Commission on the 28th of September for a hearing and before the Commission for adoption on October 5th.
Here is a copy of a strikeout draft of the proposed code. The strikeouts are not changes from the existing code, but simply markups from an earlier version of the draft. Many of the stakeholders in the process are concerned about some of the effects of the proposed changes.
This is one of your last chances to take a look and express your thoughts to:
Lilith Yanagimachi
Planner II
Chelan County
509.667.6586
lilith.yanagimachi@co.chelan.wa.us
Here’s the Pacific Appraisals Home Sales Snapshot Report for August. Sales volume for the year is running 19% below last year year to date by transaction volume with August about equal to August 2008 with 79 homes sold in August this year compared to 77 last year.
381 homes have sold this year compared to 469 last year, a reduction of 19%. Number of homes listed is also down from last year by 18%. Currently there is an 11 month supply of homes on the market when considering all price ranges.
September of 2008 was slow, so it will be interesting to see what happens next month!
Click for Lake Chelan Home and Real Estate Sales information.
From Pacific Appraisals comes August results in Snapshot reports for Leavenworth and Cashmere. This information is culled from the Wenatchee multiple listing service.
From the report, Leavenworth:
The Leavenworth market finds itself slightly better in comparison to 1 month ago, but still significantly behind where it was 1 year ago. The total number of sold single family homes is down 48% from a year ago. Interestingly, both the median and average home sales price are higher when considering YTD. Currently there are 194 homes on the market, which translates into a 48 month supply at current selling rates.
It was a pleasure to see Geordie Romer yesterday at ReBar Camp in Seattle. Looking at his latest posts, it looks like we all concur that the market is still a bit slower than last year!
And for Cashmere in July where only 1 home sold:
The Cashmere market continues at sluggish pace when considering single family purchases in comparison to 1 year ago. The total volume is approximately 58% behind last year at this time. The number of sold single family homes remain close to 50% of last years numbers. In contrast, the average homes sales price remains stable by comparison at only 5% lower. The median home sales price remains significantly less at -23%. The volume of homes currently listed remains significantly higher than last year at this time.