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The Amazing Wenatchee Real Estate Market
The resiliency of the Wenatchee real estate market through what the media reports as a national crisis in the real estate industry is pretty amazing.  I am not denying there is a real estate crisis, but I am amazed at how well Wenatchee has been able to weather this unprecedented storm.Have you looked at the Wenatchee area housing sales statistics lately?  According to the latest report out of Pacific Appraisal Associates (our area statitics gurus) in October sales numbers are down 27% BUT the average price has not decreased a single percentage point over the same period last year.   I find this statistic alone amazing considering home prices are reportedly down in price by as much as 30% (or more) in some markets across the U.S.While the "average" sales price is not showing a decrease, the "median" price does show a 4% decrease.  The two are sometimes confused but they are NOT the same.   The "average" price is ALL the sale prices added together then divided by the number of sales for... well, an average.   The "median" price is the price point at which there are an equal number of homes sold at a higher price and a lower price.  For example, ... more

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