Wenatchee real estate is in the spotlight once more, as the latest price index report from OFHEO  has named Wenatchee #1 in the nation for appreciation AGAIN.  If you click on that link, then click on the red "House Price Index" tab to get to the most current report. 

Wenatchee has led the nation now for three consecutive quarters.  I don't know if this is a record or not, but it seems pretty phenomenal to me.  So, will this trend continue?  Our rate of appreciation has slowed but it is actually a welcome reprieve from the frenzy.  

It is my opinion, Wenatchee will continue to appreciate but, hopefully, at a slower rate than the frenzy of 25% per year for the last couple years.  I am anticipating 10% - 15% per year.  5% -7% would be plenty healthy but there is so much positive economic activity going on here, I'm not sure we can control it,  if we try.

It's all about supply and demand, of course, and I just don't see the demand waning, as our area IS in such demand for a multitude of reasons.  You can read back through some of my previous blog entires here on Active Rain (and my other blog) to get a little more background on what's driving the economy here.

It's all good.

Happy Holidays!

Current Wenatchee real estate news, info and trends
Current Wenatchee condo news
FREE search of all Wenatchee MLS homes and land