Here is a link to the residential sales numbers for the Wenatchee area through July. July 2008 sales showed a decrease of 26% from July of 2007. While YTD Average Sale numbers are still 2% above 2007, the median sale price has declines 3% to 4% depending on if you look at Wenatchee or the entire market area.
You can get all the whole posting right here:
Its almost 1 pm here in the beautiful town of Wenatchee, WA., and we are all so very greatful for finally getting the summer heat that we so enjoy and wait for. Our last snow storm was in April, yes APRIL!!! This of course reeked havoc, with our area farmers. Many orchardists lost their cherry crops, such a heart-break, I have several Ag clients from my past life as a banker, that each year I worry about, sweat over, and say prayers for as I read the forecast, and listen to the Farm Bureau Reports.....sure enough, one of my longtime farmers was devastated. sigh Such a hard life as a farmer, but so satisfying at times.
I realized it had been over an entire year since I had visited, and posted any of my thoughts, I actually do have thoughts on occasion, but haven't shared them. Most recent drama in family circle, included middle daughter and her family lost their home and all belongings in a house fire about 6 weeks ago. Flames and horrific sound of fire "whirring" through the walls woke her up, she jabbed Dan, ran down hallway, and jerked her 8 yr. old son awake, ran to baby's room, actually physically kicked out the window, and crawled out, followed by son, baby handed by Dan, and then he exitted. Scary fact was Fire Chief said about 5 more minutes it would have been truly tragic. Good news is everyone is safe!! Oh, did you know stainless steel refrigerators can melt?
Things are starting to move a bit more in the RE market here; alot of borrowers are either too scared to take that jump into homeownership, or step-up to the next level. we currently have impressive inventory of homes in all price ranges, and things are picking up, kinda' has a domino affect; am keeping my waiting clients informed of rate changes, as well as lending guideline changes that have affected all of us in the lending arena. It's back to basic 3 C's of credit, which it should have been all along remember I am a long time banker at heart. All the shifting, and credit issued will eventually be addressed, and our RE market will come back as strong as ever. Actually, we here in Washington State have been protected from the majority of crisis' experienced by other areas, again, due to our beautiful area. Well, gotta go, I'm hungry.
Take care.
Today's events:
Arts & Crafts Fair: 10 a.m. to 7 p.m., Memorial Park
Food Fair: 11 a.m. to 7 p.m., Memorial Park
Carnival: 5 p.m., Riverfront Park
Classy Chassis Parade: 6:30 p.m., Eastmont County Park
"Jesus Christ Superstar": 7:30 p.m., Performing Arts Center of Wenatchee
Fathappy: 8 p.m., Memorial Park
Appleland Promenaders Square Dance: 8 to 11 p.m., Vale Elementary School, Cashmere
Saturday's events
Downtown Kiwanis 47th Annual Pancake Breakfast: 6:30 to 10:30 a.m., Triangle Park
Apple Blossom Run: 8 a.m. registration, 9:50 a.m. start time, Triangle Park
Apple Blossom Book Sale: 9 a.m. to 5 p.m., Wenatchee Library
Apple Blossom 3-on-3 Basketball Tournament: 9 a.m. to 8 p.m., Walla Walla Point Park
Radio Control Airplane Fly-In: 9 a.m. to 4 p.m., Red Apple Flyers R/C, East Wenatchee
Classy Chassis Car Show: 10 a.m. to 5 p.m., Eastmont County Park
Appleland Promenaders Square Dance: 10 a.m. and 7:30 p.m., Vale Elementary School, CashmereStemilt Growers Grand Parade: 11 a.m., Triangle Park
Ride the Miniature Train: 1 to 5 p.m., Wenatchee Riverfront Park
Slack Daddy: 1:30 p.m., Memorial Park
Cabin Fever: 3:30 p.m., Memorial Park
Standing Room Only: 5:30 p.m., Memorial Park
"Jesus Christ Superstar": 7:30 p.m., Performing Arts Center of WenatcheeMiles From Chicago: 7:30 p.m., Memorial Park
Sunday's events
Apple Blossom 3-on-3 Basketball Tournament: 9 a.m. to 6 p.m., Walla Walla Point Park
Radio Control Airplane Fly-In: 9 a.m. to 4 p.m., Red Apple Flyers R/C, East Wenatchee
Appleland Promenaders Square Dance: 10 a.m. to noon, Vale Elementary School, Cashmere
Arts & Crafts Fair: 11 a.m. to 5 p.m., Memorial Park
Food Fair: 11 a.m. to 5 p.m., Memorial Park
Carnival: Noon, Riverfront Park
Miles From Chicago: Noon, Memorial Park
Ride the Miniature Train: 1 to 5 p.m., Wenatchee Riverfront Park
Costco Apple Pie Eating Contest: 2 p.m., Memorial Park
Stemilt Growers Ultimate Apple Pie Bake-Off: 2 p.m., Memorial Park
Closing Festivities: 3:30 p.m., Memorial Park

Here is the list of scheduled events for tomorrow (Wednesday 4/30/2008)
Entertainment at Memorial Park:
Food Fair: 11 a.m. to 7 p.m.
EHS Jazz Band: Noon
EJHS Choirs, 12:45 p.m.
EJHS Jazz Band: 1:30 p.m.WV Ram Belles Dance Team: 4:30 p.m.
Fabulous Feet: 5 p.m.Academy of Dance & Performing Arts: 5:30 p.m.
Adrienne's Dance Academy: 6 p.m.Buckhorn: 7:30 p.m., Memorial Park
Riverfront Park:
Carnival (Pay One Price day): 5 p.m.
Performing Arts Center of Wenatchee:
"Jesus Christ Superstar": 7:30 p.m.
E N J O Y !!!
Ken Blodgett, a major figure in the evolution of the Wenatchee riverfront development planning has put 4.7 acres up for sale for 3.5 million dollars. This is property that was slated for condos.
Blodgett's listing agent, Ron Stephenson of Premier One Properties, was quoted as saying: "The reason he decided to do it is because he's 68 years old and he decided he needed to kick back."
Does Blodgett see the need for additional condos slowing? Will all the recent condo conversions in Wenatchee and new builds (around town and at the riverfront) sustain market demand for a while?
Here is a link to the complete article from the local newspaper, The Wenatchee World.
It will be interesting to see how much interest there is for the property and how soon development will proceed. It's an exciting piece of property for sure for the entity with the ambition and money to take it on!
Have a wonderful day!
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