The best news in real estate this month is that developers are optimistic, as housing starts jumped in November.
Microsoft Word – Nov Housing Starts (ftportfolios.com)
The seasonal winter slowdown has finally hit. Leading up to November the Chelan/Douglas SFH market has been averaging $80MM in sales per month for the last six months. Of note this month is a significant drop in financed sales, which represented only 56% of total sales.
The seasonal winter slowdown has finally hit. Leading up to November the Chelan/Douglas SFH market has been averaging $80MM in sales per month for the last six months. Of note this month is a significant drop in financed sales, which represented only 56% of total sales.
Other than single family home sales:
- 43 land transactions for $43MM
- 4 commercial properties sold for 2.1MM
- 6 condos sold for $2.6MM
- 2 deals at Rimrock for $53,000
- 17 PR deeds. Good biz month for estate attorneys
Next month we will have a full quarter and a full year of data to chew on, and I will do a deeper dive into price per square foot.
Merry Christmas. Stay safe.
Brian