What type of Lake Chelan home has sold 42% above last year’s rate?

That's right, there is a type of home that is seeing much higher sales than last year.  Those would be Lake Chelan waterfront homes!  Through August, 10 have sold in 2009 as compared to 7 that sold last year.

Do you want to know why?  While I don't know the thoughts of individual buyers, the bargain pricing this year probably has something to do with it.  The average sale price of the Lake Chelan waterfront homes dropped from $1,728,071.00 in 2008 to $1,030,300.00 in 2009.  That's right, waterfront homes this year, on average, are selling for 59.6% of last year's pricing!  Wouldn't we like a tax revaluation now!

August 2009 saw fewer residential closings than 2008 with 15 in 09 compared to 18 in 08. By Dollar volume, August 2009 was 64% of 2008 and by transactions it was 83.3% of the 2008 number. With the strong July Lake Chelan home sales, July and August sales this year by transaction volume already match the entire third quarter of last year at 35. The average sale price through August is 91.9% of last years average sale price.  To read all the details, have a look at the Lake Chelan Residential Real Estate Sales report!