Wenatchee Real Estate: August 2018 Market Report

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Education & Training with U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business.


"Statistics are like a bikini.  What they reveal is interesting. But what they hide is vital." 
-
Aaron Levenstein 

I am no longer a licensed real estate agent, but I can pull a lot of information from Pacific Appraisal Associates here in Wenatchee.  PAA does a Real Estate Snapshot report each month for Wenatchee, Leavenworth, and Cashmere.  These reports are full of very interesting statistics.  It doesn't tell the whole story, but it certainly shows trends in the market. 

First the good news:
There is a significant increase in building permits.  Permits for single family units are up only slightly (from 178 to 183) but the increase in multi-plex and apartment units is up significantly.  This should relieve some of the severe rental unit shortage.

Here is an overview of inventory by price range.  As you can see, inventory in the under $300,000 range is very tight based on months supply. The largest percentage of activity is in the $250,000 - $350,000 ranges.  Homes in the over $550,000 price range have the longest on-market time.
Here is the full August 2018 Wenatchee Housing Market Report

As always, it is prudent to get the advice of a competent local real estate professional for the most current real estate news, info and trends.  If you need some recommendations, please let me know. 

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"The best way to predict the future is to create it!" -Peter Drucker

Carol Williams: 
The New Real Estate Agent's Survival Guide.  

Customized coaching, goal setting and marketing

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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I just love your quote this morning about the bikini Carol.  Hope you have a great Saturday and weekend ...

Sep 15, 2018 06:37 AM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Hi Carol

I echo what Paul said about the quote!

This is certainly useful information to give buyers and sellers in Wenatchee an overview. And of course the next step is to be in touch to you to get hooked up with a great agent to help them in their buying and selling.

Jeff

Sep 15, 2018 11:44 AM #2
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Paul S. Henderson, REALTOR®,CRS, 
You'll never see me in a bikini, so everything is hidden. 

Sep 17, 2018 07:02 AM #3
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Jeff Dowler, CRS ,
Yes, I can hook them up with a good agent, for sure! 

Sep 17, 2018 07:03 AM #4
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