I just got my newest issue of "The Residential Specialist" the CRS magazine. ARs own Karen Villa Schweinfurth is interviewed about market conditions in the PNW. "At A Standstill" is the subtitle of our regional blurb. Congrats to Karen for getting picked out of the crowd to speak about the market.
Of course I just have to mention that "standstill" doesn't really describe what's going on our side of the mountains. Leavenworth and Lake Wenatchee home prices continue to climb (14.5% in 2006) and inventory remains low (50 single family homes). Wenatchee is even busier and is expected to be one of the hottest markets in the U.S.
 
Posted by Geordie Romer on 01/18/2007 01:26 PM   Comments (7)   leavenworth real estate  
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7 Comments on Congrats to Karen

JAN
18
2007
392,876 Points 5 Featured Posts Outside Blog
Hi Gordie.Great to hear that some areas of the country are doing well.After a huge boom for 3 years in Lee County, ( Fort Myers, sanibel cape Coral ..) and Collier County, we have seen a major readjustment of prices.50 homes available looks like a small and special area, but as you say they sell fast! What si the price for a 2000SF build in 2000 home with 2 car garage? ( no water front ) But to come back to Lee County 2006 still was the second strongest.Its all relative.
1:31pm • #1
416,892 Points 63 Featured Posts Outside Blog
Geordie, the SW Florida Lee/Collier Counties area had a "representative" do the same thing for our area in a trade publication.  People forget how their harsh words and blanket statements damage the image buyers have of an area.  It doesn't cost anything to be cautiously optomistic.  To have a publication print a blanket about a whole area is rediculous.
2:32pm • #2
195,416 Points 2 Featured Posts
Chris- I surely wasn't trying to be critical of Karen. I just wanted to point out that real estate is local. I'm sure Karen could write us a novel on the all the different segments of her market. That's the problem with magazines - they are often just looking for a juicy quote or a couple of bullet points for a sidebar. (As a wannabe freelance journalist I've had this battle with editors.)
4:38pm • #3
195,416 Points 2 Featured Posts
LLoyd- Only three houses have sold in the last year that are close to this discription. (+/- a few years and a few hundred square feet) It looks like $525,000 would be a reasonable price to expect to pay in the Leavenworth Washington area. Of course if you want lake front on Lake Wenatchee you can expect to pay at least $1,000,000. For the last six months the average 3 bedroom in the Leavenworth real estate market sold for $458,000.
4:47pm • #4
JAN
19
2007
10 Featured Posts

Geordie, thanks for the recognition and reading the article.

Chris, I was interviewed for this article back in July......as you know markets change monthly, even daily. Summer here was extremely slow; however, things are picking up here. Hope this helps clear your myth. 

 
3:48pm • #5
JAN
29
2007

Geordie, I just got back from Florida..YEAH!

The trouble as I see it is we are an industry that leans heavily opn statistice/trends and information (both realtime and media). It is how we get the word out, how we evaluate the business and make decisions. But "stats" and published information are yesterdays news. They are history the moment they become available. As Chris comments the interview for her article was several months ago. Unfortunately, the consumer and often the media do not look at the available information with a historical perspective. If we had a 22% market last year and we are currently in a 12 % market... who is correct? The agent who looks back and says..."well we usually average 2-3% so it is a very good market" or the media analysist who bemoans a 45% decrease in market. Both are correct but are they really? Unfortunately, the consumer is caught in the middle. Since most consumers are not making their living, day to day, in Real Estate the first is doscounted because it is the local Real Estate agent that has something to gain and the second scares them because it is from a national source. Both have something to gain and that does not disqualify either. It does mean you need to apply a little perespective and look at your part of the pie. For that (even though it is self-serving) I'd go with the local... short and then look at the media/national long term with a long term view... but what goes up does come down... that in and of itself does not mean a crash...

Perrin Cornell
9:01am • #6
JUN
07
2007
130,781 Points 2 Featured Posts Outside Blog
The media..........always a bit behimd and overexagerate to make up for it!!
11:56pm • #7


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Geordie Romer

Leavenworth, WA

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Windermere Real Estate / NCW

Address: POB 517, Leavenworth, WA, 98826

Office Phone: (509) 662-7184

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Leavenworth Washington Real Estate Blog. News and Market Analysis for the Leavenworth, Lake Wenatchee and Fish Lake by Geordie Romer of Windermere Real Estate.


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