The real estate market in Wenatchee is certainly blowing up. There are currently 251 homes for sale in Wenatchee, 72 of which are foreclosures and 179 are owner/sellers.
The average listing price for a home in Wenatchee is currently $288,000 which is up nearly 2% even over last week. The median sales price is $173,000 which is up 6% over last year at this time or $9700. Of those listed currently the average price is $294,000 and the average sales price is $187,000.
The highest priced homes in and around show land County is for the ZIP Code 98816 which has an average listing price of $503,000, up 4.4%. The ZIP Code 98817 is up 7.7% over last month topping out at $209,000 for average listing price.
What does this mean for buyers? Prices and interest rates are starting to go up so if you've been holding off on buying a home we wouldn't wait any longer. Get on the ball now before winter sets in and get yourself a great deal.
What does this mean for sellers? Now would be the time to sell as prices are starting to go up. Interest rates can affect sellers as well so it's best to get your home on the market now what interest rates are still below 5% and home prices are starting to rise.