My blog is an attempt to share thoughts, opinions, and insights on the Wenatchee real estate market and helpful information on the buying and selling process.
RECENT BLOG POSTS
I will now be posting real estate commentary for the Wenatchee valley at www.wenatcheerealestate.wordpress.com. Thanks, Kelly
As of today, 163 homes have sold in the Wenatchee Valley. Let’s do some comparison with previous years: 2008 – 197 2007 – 281 2006 – 315 2005 – 318 2004 – 237 As you can see by the numbers, ‘04 – ‘07 were good years for home sales in Wenatchee. Prices increased by approximately 60% during this ...
In today's paper, the Wenatchee World released the latest data from the real estate Snapshot as compiled by Pacific Appraisal. As expected, sales volume and total number of sales was off 30% as compared with 2007. Building permits were down about 50%. Median home prices have declined a mod...
A quick search of the MLS reveals that 11 homes have been reported as pending since the first of the year. Another search shows that there are currently 547 homes on the market in the Wenatchee and East Wenatchee MLS areas. Wow, it is slow. If you are a seller, my message to you is this: the ...
WINTER ‘09 MARKET UPDATE Dear Friends, The word for our winter market in Wenatchee is SLOW! Prices continue to decline as buyers are in "wait-and-see" mode. In all my years of real estate, I cannot remember a time when there is so much negative news floating around. Isn't it funn...
FALL MARKET UPDATE “If you're not confused, you're not paying attention." Tom Peters Dear Friends, If you have been following the events over the past few weeks, the above quote rings true. Economically, we are moving into unprecedented territory and it is near impossible to pred...
Greetings! I hope this post finds you healthy, happy, and enjoying the fun times of summer. If you are giving thought to buying, selling, or just plain curious about what's happening, this market update is for you. Take a look at these statistics for the Wenatchee valley: · The number o...
As we finally see the signs of spring weather in our beautiful valley, the local real estate market is beginning to show signs of life as well. New buyers are entering the market. Homes that have been for sale since last fall are getting offers. This activity follows a sharp downward correctio...
As we continue to walk through the fallout of the sub-prime mess, one of the consequences to the average home buyer is the changing of underwriting guidelines. The most obvious is the disappearance of the true zero down loan. Most lenders have deleted 100% LTV financing from their offerings. A...
I have noticed some key differences between success and failure in our market. Here is a breakdown of the decisions that separate moving forward from staying put.First of all, successful seller's understand current market dynamics and are willing to accept the truth. They realize that the m...