Have I ever mentioned how much I love moving and remodeling?
Sorry it’s been a few months since my
last newsletter, but this move took a large bite out of my time. We now have a new logo, new location,
and a new website on the way! All created locally.
While NAR reported earlier today that September year-over-year sales were down 15.4%, the Chelan/Douglas Single Family Home market had a very strong 3 rd Quarter. Sales were up $53MM over last year’s 3rd Quarter and financed transactions up $35MM or 25%. Looks like interest rate shock has subsided.
While NAR reported earlier today that September year-over-year sales were down 15.4%, the Chelan/Douglas Single Family Home market had a very strong 3 rd Quarter. Sales were up $53MM over last year’s 3rd Quarter and financed transactions up $35MM or 25%. Looks like interest rate shock has subsided.
JULY 2023
July was a strong month, with sales up 41% over last year in terms of dollar volume and 19% in number
of sales. This was led by the $500K to $750K price range, which was up 57% over July of 2022.
Financing was down to 65% of transactions in SFH market, but up $10MM in dollar volume.
Other than single family homes ….
- 1 Orchard Operation sold for $14MM
- 40 land transactions totaling $11MM
- 11 Condos sold for $5.5MM
- 1 Commercial deal for $800,000
- 6 Rimrock sales
- 13 PR deeds
AUGUST 2023
August was a good month, with sales up 26% over the prior year. Low and behold, financed sales were
up $16MM and 35% over August of last year
Other than single family homes ….
- 5 commercial deals for $2.1MM
- 20 condos for $9.5MM
- 54 land transactions for $14MM
- 6 Rimrock sales
- 16 PR deeds
SEPTEMBER 2023
September was a decent month, not as strong as July and August, but with some significant commercial
and land transactions. Financed sales out paced last year for the 3rd month in a row.
Other than single family home ….
- 7 Commercial deal for $11.6MM
- 38 Land transactions for $10MM
- 7 Condos for 2.6MM
- 4 PR Deeds
- 3 Rimrock deals
Year to Date September 30 we have caught last year and actually exceed it by $6MM. Financed dollar
volume is down only 6.68% from last year.
– Brian Fair