Chelan-Douglas Counties’ Resilient Real Estate Market Outperforms National Trends
Last week, the NAR reported a 1% decline in month-over-month sales for September, marking the slowest pace since the aftermath of 2008. Despite this trend, single-family home sales in Chelan-Douglas counties are thriving. For the fourth consecutive month, sales have surpassed $100 million, and with three months remaining, they are on track to easily surpass the total sales from 2022 and 2023. See below:
Sales for September were virtually identical to August.
Chelan & Douglas: September 2024 vs August 2024
Although sales have increased, prices have softened. Year over year, prices per square foot have declined in most price ranges, and all price ranges under $1,000,000 saw decreases compared to last quarter.
Additionally, the NAR reported a 3.5% year-over-year decline in national sales. In contrast, local sales saw a remarkable increase of 28.7% in units sold and an impressive 58.6% in dollar volume compared to last year! See the “Chelan & Douglas: September 2024 vs September 2023” schedule on the next page.
Chelan & Douglas: September 2024 vs September 2023
Chelan & Douglas: September 2024 YTD vs September 2023 YTD
Year to date, the market remains strong, with unit volume up 9.6% and dollar volume rising 25%, driven by a $95 million increase in financed transactions.
Exploring the Dynamic Wenatchee Market: From Entiat to Malaga, Rock Island to Orondo and West to Cashmere
Year over year, the Wenatchee market experienced a 31.3% increase in transaction volume and a 43.9% rise in dollar volume, driven primarily by transactions in the $500,000 to $1,000,000 range, which were nearly double compared to last year for this month.
Wenatchee: September 2024 vs September 2023
It’s hard to complain about 2024 if you’re earning from the Wenatchee housing market. Sales are up 21.7% in units and 31.9% in dollar volume, along with a 32% rise in financed transactions. A wide range of prices has benefited from this increased demand.
Wenatchee: September 2024 YTD vs September 2023 YTD
The Chelan Market: Encompassing Manson and Stehekin
The Chelan market had an outstanding September compared to last year, with sales nearly tripling, including a resurgence in the moderate $500,000 to $750,000 price range.
Chelan: September 2024 vs September 2023
September figures indicate that Chelan has seen a 21% increase in unit volume and a 52% rise in dollar volume. While sales under $1 million have steadily increased, it’s the over $1 million price range that has significantly impacted this year’s activity.
Chelan: September 2024 YTD vs September 2023 YTD
Exploring the Upper Valley Market: Insights from Dryden to Stevens Pass, Including Leavenworth, Lake Wenatchee and Plain
Sales in the Upper Valley decreased by 11% in units but increased by 34% in dollar volume.
Upper Valley: September 2024 vs September 2023
Year to date, the Upper Valley has experienced an 8.2% increase in transaction volume and a 25.7% rise in dollar volume.
Upper Valley: September 2024 YTD vs September 2023 YTD
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