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I was looking at the latest housing statistics for our Wenatchee real estate market the other day and got to wondering what "median money" bought in other markets across the country. Our median price as of this month is $248,500 (up from $224,000 last year at this time)
Here is a link to a few "median money" houses in the Wenatchee, Washington market area. This link will be active for 30 days. I am curious about two things:
What is the median price in your market? AND
What kind of a house does "median money" buy in your market?
I prefer to discuss "median" (instead of average) because that means an equal number of houses are sold for a higher price and a lower price. "Average", in comparison, averages all the sales by totalling the dollar volume and dividing by the number of sales. To me this average number can be distored by an inordinate amount of high end (or low end) homes. Our "average" price right now is $287,411.
For those of you who want to participate, please comment with:
* A link to some "median" priced homes in your market AND
* A link to what "$248,000 will buy in your market. I think it's fun to compare markets across the country.
Thanks and have a great day!
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This weekend is the 5th Annual NCHBA Home Show in Wenatchee. NCHBA is the North Central Homebuilders Association; so the show is all about construction, remodeling ideas, doors, flooring, decks , windows etc. And of course I am there to help people finance their construction or remodel project. There are no pots and pans or ginsu knives. I have participated in all 5 and I like the fact that it is construction focused and that there is an admission charge. As a vendor, the price of admission keeps it from being overrun with people who are just bored on a weekend, so the people coming through are really serious. This allows us to engage in meaningful conversations with people at our booth as we are not distracted handing out flyers to people who don't want them.
The other nice thing about this show is that 99% of the vendors are from the local area and do business in the local area; these are not people who fly into town to sell a product and then leave. At the website you can get all the times, a list of vendors, and print a $1 off coupon. You'll also find a list of the practical Do-It -Yourself demos that will be presented. If you bring your kids along, they can build a wooden project in the KidZone manned by our local Lowes store.
So come on by, walk around slowly and talk; we are Eastern Washington folks, and were not in a hurry. Tell us about your project and well get you hooked up with the right people to help you out.
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