Nobody knows, but I took a look at the data this morning. To get a meaningful sample in our little market, I looked at 3 bedroom, 2 bathroom home sales in 2006 versus 2008. The actual declines in sales value were far lower than I expected, with only a a 5.19% decrease in the average price, and a 3.62% decrease in the median price, of a 3 bedroom, 2 bathroom home in the Chelan area this year compared to 2006.
For the whole story, please go to the Chelan Real Estate Blog:
How much has the value of your Chelan home changed since 2006!
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