According to this article in the Wall Street Journal, yes! Particularly if your home is a higher priced home. This is not a local phenomenon, as home buyers all over the country aren't touching homes for sale unless they are perceived as a bargain.
A new report Friday shows that some sellers are getting that memo, albeit belatedly. Nearly one in four home sellers has dropped the asking price on their home, with an average price chop of 10% in July, according to real-estate Web site Trulia.com. More than one third of sellers reduced their asking prices in the top three cities: Jacksonville, Fla.; Portland, Ore.; and Milwaukee, Wisc.
The advice to offer buyers a "bargain" is particularly relevant for the luxury home market, where sellers have to be aggressive because inventories are piling up in many markets. Homes listed at $2 million and up offered an average 14% price reduction last month. - WSJ
Pricing homes in the Lake Chelan market is even more difficult because there have been so few Lake Chelan home sales this year that finding comparable homes for sale is pretty much fruitless.
However, that doesn't mean that your home can't be made to stand out in the market. By looking at competitive homes for sale and the number of homes sold in your price range, your Lake Chelan home can be positioned to sell.
Proper pricing and preparation of your home for sale can get your home sold, even in this market. Call me when you're ready.
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