The January 2013 Methow Valley real estate market reports are just in and the improving market continues. We are now going to be comparing results from here with a much higher base line since 2012 started to show a marked improvement in real estate sales.
Will this Methow Valley real estate market continue to improve? I hope so because it is good for both buyers and sellers and the economy as well. Methow Valley Sellers better understand market conditions when they have sales data available to them, while Methow Valley Buyers continue to enjoy great values.
When we compare the sales results for January 2013 real estate compared to January 2012 we see that sales are up a whooping 309%. Pending sales are however down a mere 5.2% when compared to the current month report compared to one year ago.
The sold properties in Methow Valley real estate for January 2013 when compared to previous month (December 2012) are up 200.7% but pending sales for this category are up by only 4.5%.
Comparing this quarter to this same quarter one full year ago for the sold and pending properties we see the sold group is up 50.7% and the pending is down a small amount by 1.1%.
The above data is based on the information in the Northwest Multiple Listing Service (NWMLS) note that statistics are not compiled by NWMLS. All property types of land, homes, condos, commercial etc are included. The communities for which the data is based are the 19 unique communities that compromise our Methow Valley real estate service area. Traveling from the north Methow Valley to the South these areas include: West Chewack, East Chewack, Lost River, Mazama, Rendezvous, Wolf Creek, Edelweiss, Winthrop West, Winthrop, Winthrop South, Twin Lakes, Pine Forest, Twisp - Winthrop Road, Twisp, Twisp River Road, Twisp - Carlton Road, Twisp South, Carlton, and Methow.
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