December 2024 Newsletter

Chelan/Douglas Counties:

Last week, the NAR reported a 4.8% increase in sales month-over-month. However, reflecting the local seasonality, Chelan-Douglas counties experienced a decline of 15.6% in unit sales and a 17.8% drop in dollar volume compared to the previous month.

Chelan/Douglas November 2024 vs October 2024

In addition, the NAR reported a 6.1% increase in national sales year-over-year. Locally, November sales saw a significant boost, with a 16.7% increase in units sold and a 33% rise in dollar volume compared to the same month last year.

Chelan & Douglas: November 2024 vs November 2023

Year-to-date, the market remains strong, with unit volume up 9.7% and dollar volume rising 24.7%, driven by a $135 million increase in financed transactions. Sales of homes priced over $1 million continue to impress.

Chelan & Douglas: November 2024 YTD vs November 2023 YTD

Exploring the Dynamic Wenatchee Market: From Entiat to Malaga, Rock Island to Orondo and West to Cashmere

The Wenatchee market took a breather, as reflected in a decrease in financed transactions. While cash sales saw a slight increase compared to October, financed transactions dropped by one-third. Overall, sales fell by 22.7% in volume and 25.2% in dollar volume compared to the previous month.

Wenatchee: November 2024 vs October 2024

Year-over-year, the Wenatchee market saw a 21% increase in transaction volume, 28% increase in dollar volume, with financed dollar volume leading the way, up 52% compared to last year.

Wenatchee: November 2024 vs November 2023

The Wenatchee market continues to have a strong year, with transaction volume increasing by one-third and financed dollar volume rising by 46.5%.

Wenatchee: November 2024 YTD vs November 2023 YTD

The Chelan Market: Encompassing Manson and Stehekin

Three sales totaling over $7 million drove the Chelan market to a 71.8% increase in dollar volume compared to last year, along with a 216% rise in financed dollar volume.

Chelan: November 2024 vs November 2023

So far this year, over $120 million has entered the Chelan market from sales exceeding $1 million.

Chelan: November 2024 YTD vs November 2023 YTD

Exploring the Upper Valley Market: Insights from Dryden to Stevens Pass, Including Leavenworth, Lake Wenatchee and Plain

In the Upper Valley, there were only 2 fewer sales than last year, yet financed dollar volume increased by 95%.

Upper Valley: November 2024 vs November 2023

Year-to-date, Upper Valley figures remain strong and comparable to last year, with unit volume down just 3.6% and dollar volume up 12.4%.

Upper Valley: November 2024 YTD vs November 2023 YTD

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