Wenatchee home prices 3rd strongest in the nation
By Christine Pratt
World staff writer
Posted May 24, 2008
"WENATCHEE - Home prices here were the third strongest in the nation through March, even as prices elsewhere in the country dipped sharply, a new federal report shows.
Home prices in Wenatchee increased just over 8 percent in the 12-month period that ended in March, according to the quarterly housing price index, released Thursday by the Office of Federal Housing Enterprise Oversight.
Wenatchee ranked third to the Houma, Bayou Cane and Thibodaux areas of Louisiana, with 11.2-percent appreciation, and Grand Junction, Colo., with 9-percent appreciation, the index shows.
Yakima was the only other Washington metro area that made the list of top 20 strongest markets. It placed 17th with a year-over-year appreciation of almost 5.7 percent.
The local rankings come as home prices nationwide dropped an average of 3.1 percent over the last 12 months ending in March - the largest decline in the index's 17-year history, according to a news release."
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http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080524/NEWS04/630617522/1001
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What do you think the trend will be for Wenatchee in the coming months? I think we might see some declines in prices in East Wenatchee and Wenatchee- any thoughts?