The November Snapshot from Pacific Appraisal Associates in Wenatchee is out. You really need to see it to analyze it, so click on the link above. For the most part, the market is fairly flat but if you just look at some of the "percentage" numbers, it can be deceiving.
The report is divided into the "MLS Market Totals" and "Wenatchee Market Totals",and taking both into consideration will reveal the most accurate picture of what is happening in the entire Wenatchee Valley. The MLS Market area is greater than just Wenatchee. It includes the surrounding areas... Cashmere, Leavenworth, Waterville, and some Chelan.
For example, the number of Mobile Homes sold last month is up 11%. However, there were 10 sold this year and 9 sold the same month last year. So, one unit isn't significant one way or the other.
The statistic to watch is going to be number of homes listed. That is the noticeably declining number and can affect supply and demand, causing prices to increase. This is indicating if you or someone you know is interested in buying, making a decision sooner rather than later could be beneficial.
Interest rates are still good, so it IS a good time to buy.
Please continue to stay warm and safe this winter!
Erin Davidson
Wenatchee real estate agent
Free search of the entire Wenatchee area MLS
Current Wenatchee real estate news, info and trends
Homes for sale in: Wenatchee, East Wenatchee, Malaga,
Cashmere, and Leavenworth, Washington
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment