Below is a summary of the Wenatchee area home sales activity for the entire calendar year of 2005.
The following summary includes: Wenatchee & East Wenatchee (including Malaga and Rock Island)… Cashmere, Leavenworth… with Peshastin and Monitor included as well. This overall summary is of ALL homes sold, including mobiles (on leased land), manufactured (with land), condos and standard single family residences.
Wenatchee / East Wenatchee homes sold
Total # Homes Sold: 1246
Average Selling Price: $185,569
Average # Days on the market: 98
The least expensive homes were older mobile homes on leased land. These homes fit well for people who are on a very limited income. In many cases they can get a very comfortable home for much less than they would pay for rent. Even though they don’t buy the land, it’s still a more financially attractive option to renting.
The overall price average doesn’t have any particular meaning, because it is an average of every single sale (high and low). There were 58 homes sold under $100,000. The most active price range was $125,000 - $200,000 with nearly an equal number of homes sold in the $125,000 - $150,000 range (182) as the $150,000 - $175,000 (180).
Cashmere area homes sold:
Total # Homes Sold: 77
Average Selling Price: $187,412
Average Days on the Market: 94
Again the least expensive were mobiles on leased land, the least expensive of which were $12,000 & $14,000 located in the Dawn Lee Mobile Home Park on Kimber Road. Otherwise, there was no concentration of sales in a particular price range. Prices ranged from the low of $12,000 to a high of $475,000 for a home on Majeska Lane.
Leavenworth / Lake Wenatchee area homes sold:
Total # Homes Sold: 264
Average Selling Price: $241,954
Average Days on the Market: 121
As with the Cashmere real estate market area, the Leavenworth and Lake Wenatchee real estate market areas did not have a concentration of sales in a specific price range… but were spread from a low of $10,000 to a high of 1,254,999.
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I hope you find this information interesting. As always, it is deemed reliable based on my computer market research… but cannot be guaranteed.
If you want any specific information on past sales, or current listing available please call or e-mail me for additional info.
Carol@TopPropertiesWenatchee.com
www.TopPropertiesWenatchee.com
1-509-670-7840
Happy 2006 !
Carol Williams
source: Wenatchee Real Estate: 2005 Home Sales Summary
I’ve been talking about it for months, and the latest statistics out indicate home prices in the Wenatchee area are rising faster than previous forecasts. Our appreciation ranks 5th in the entire nation for the first three quarters of 2006.
