Chelan & Douglas Counties:
Last Thursday, the NAR reported a 1.3% month-over-month increase in sales for July, marking the first rise in five months. However, the Chelan/Douglas market is notably outperforming the national trend, with a 12.1% increase in single-family home sales by unit volume and an 8.2% increase in dollar volume. Additionally, financed transactions increased by 29.7% compared to last month.
The NAR also reported a 2.5% decrease in national year-over-year sales. In contrast, the Chelan/Douglas market is thriving, with year-over-year sales up 5.3% by unit volume and 8.4% by dollar volume, including a 23% increase in financed transactions.
Exploring the Dynamic Wenatchee Market: From Entiat to Malaga, Rock Island to Orondo and West to Cashmere
Month-over-month, the Wenatchee Market saw an 18.6% increase in unit volume and an 18.5% rise in dollar volume.
Year over year, the Wenatchee Market saw a 17.5% increase in transaction volume and a 20.75% rise in dollar volume. Year-to-date, all price ranges have shown an increase compared to last year. There have been 125 more homes sold, totaling $93.4 million in dollar volume. In the $250K to $1MM price range, 79% of homes purchased so far this year were financed.
The Chelan Market: Encompassing Manson and Stehekin
Although there was a slight increase in activity for homes under $500K this month, the Chelan Market experienced a 25% decline in unit sales and a 12.5% drop in dollar volume in July compared to last year. Despite this, the year-to-date figures for July still indicate a much healthier market compared to last year. The average sales price per home has now reached $1,159,000.
Exploring the Upper Valley Market: Insights from Dryden to Stevens Pass, Including Leavenworth, Lake Wenatchee and Plain
In July, the Upper Valley Market also fell short compared to last year. However, on a positive note, financed transactions increased by 44% in unit volume and 72% in dollar volume. Year-to-date, the Upper Valley has experienced an 8% increase in transaction volume and a 25% rise in dollar volume. There hasn’t been significant change since last month, as the activity remains concentrated in the over $1 million price range.
