What's happening with the Condo Market in Lake Chelan?
With the third Quarter of the 2017 Real Estate Market about to enter it's last month, let's take a look at what's happening with the Single Family condo market in the Lake Chelan Valley.
Currently on the Market
Currently there are 27 Active Units for Sale ranging in size from 322 square feet to 2,000 square feet.
The lowest priced unit is listed at $159,900 and the highest priced unit is listed for $695,000.
The average market time is 100 days.
Currently Under Contract
9 units are currently under contract and in Escrow pending closing.
The lowest priced pending sale was listed at $210,000 and the highest was asking $675,000.
On average these units were on the market for 137 days.
Sold January 1-August 24, 2017
Since the first of the year 32 units changed ownership.
The lowest priced property sold for $195,000 and the highest sales price was $499,000.
On average these units were on the market for 103 days.
Some additional information on closed sales:
Homes sold 0- 30 days after listing went for for 98.39% of list price
Homes sold 31-60 says after listing went for 95.16% of list price
Homes sold 61-90 days after listing went for 97.83% of list price
Homes sold 91-120 days after listing went for 100.14% of list price
Homes sold 120+ days after listing went for 96.07% of list price
If you'd like to learn more about the condo market in Chelan, I'm happy to answer any questions about various complexes in the area.