According to the MLS, this spectacular home in Sunnybank closed on the 7th. This home may have the nicest finish work I have seen on a home anywhere.
It was listed at $949,000 and sold for $860,000. It was on the market for 51 days. The home has 4 bedrooms, 3 bathrooms and 4000 s.f. and was constructed in 2006. It included a boat slip and all the waterfront amenities of Sunnybank.
This will be remembered as a time when some great deals happened at Lake Chelan! Let me know if I can get one made for you!
According to this article in the Wall Street Journal, yes! Particularly if your home is a higher priced home. This is not a local phenomenon, as home buyers all over the country aren't touching homes for sale unless they are perceived as a bargain.
A new report Friday shows that some sellers are getting that memo, albeit belatedly. Nearly one in four home sellers has dropped the asking price on their home, with an average price chop of 10% in July, according to real-estate Web site Trulia.com. More than one third of sellers reduced their asking prices in the top three cities: Jacksonville, Fla.; Portland, Ore.; and Milwaukee, Wisc.
The advice to offer buyers a "bargain" is particularly relevant for the luxury home market, where sellers have to be aggressive because inventories are piling up in many markets. Homes listed at $2 million and up offered an average 14% price reduction last month. - WSJ
Pricing homes in the Lake Chelan market is even more difficult because there have been so few Lake Chelan home sales this year that finding comparable homes for sale is pretty much fruitless.
However, that doesn't mean that your home can't be made to stand out in the market. By looking at competitive homes for sale and the number of homes sold in your price range, your Lake Chelan home can be positioned to sell.
Proper pricing and preparation of your home for sale can get your home sold, even in this market. Call me when you're ready.
Wow, things are picking up now! July sales were well above last year. This is the first time I can say that in awhile. Check out my Lake Chelan Residential Real Estate Sales Report through July 2009 and including historical data for the whole sales story.
Rather that show all the homes that sold in July (please call me if you want to see them all) since there are so many now, I'll show the waterfront homes that sold in July! The first one, because of the way our wacky multiple works around here, isn't really a home at all and really brings down the average sale price:
1240 W Woodin Ave A-6, Harris Marina Slip A-6, Chelan, WA 98816
Original Price: $62,500| Sold Price: $58,000
Days on MLS: 267
0 bedrooms | 0 bath | 0 s.f. | 0.0 acre
230 South Lakeshore, Chelan, WA 98816
Original Price: $1,999,000| Sold Price: $1,600,000
Days on MLS: 109
6 bedrooms | 3.5 bath | 2461 s.f. | 1.43 acre
3124 A SR 150, Manson, WA 98831
Original Price: $2,399,000| Sold Price: $1,950,000
Days on MLS: 112
5 bedrooms | 3.0 bath | 3150 s.f. | 0.35 acre
Want to search for nearby listings from your smart phone in the Chelan area? That wish just may come true. I'm working on it with SmarterAgent.
To see how it works, in Phoenix and sometime soon in Lake Chelan, have a look at this post from a real estate agent in Phoenix, Greg Swann:
We signed up for our own version of the SmarterAgent smart-phone MLS client. We've been live since Monday, but it proved its value and then some yesterday afternoon.
Cathy was out with buyers, and they asked the most dreaded question of all: "What about that one?" Not every house with a sign is for sale, and, even then, most homes for sale don't meet your search criteria. That's why we don't have that listing with us. But Cathy whipped out her iPhone and did a GPS-based search on her own location. Voile! Three bedrooms. Too small.
That's not in the SmarterAgent marketing patois, but it doesn't have to be. The software rocks in anyone's hands. We had been looking at pure iPhone solutions, but the SmarterAgent tool is simultaneously more robust and more broad-based: It provides a GPS-aware MLS search from virtually any smart-phone. You can also search by map, by address, by MLS number, by neighborhood or subdivision, etc. The user interface is easy to navigate, and the level of detail on the listings exceeds many desktop-based IDX systems. - Check out Bloodhound Realty's hassle free GPs based Phoenix MLS search
Wondering how the real estate market is doing in resort like Lake Chelan? After July, it is doing a bunch better.
Maybe the media do know that the housing decline is over. Last month saw Lake Chelan residential sales at 207% of July 2008 by dollar volume! June had already show the first month over month improvement but when July is considered this is the first strong year to year improvement since 2007. By sales transaction, July 2009 is 212.5% of 2008! Average sale price in 2009 was down a bit at $452,488 compared to $463,500 last year.
Sales prices are still seeing active discounting with the Sale Price/List Price ratio being 91.82% this July compared to 95.85% last July. Sales volumes are still well below 2007 levels, but the direction of change is towards higher sales. Check out the complete Lake Chelan Residential Sales Report, with historical data.
There is still a bunch of inventory out there, but if you're buying the best deals are the ones that are going fast. If you want someone who really keeps up with the deals, I'll help you find that deal on a Lake Chelan home!
Waterfront, Commercial, Development, Investment and Luxury Residential. Service, advocacy and expertise, serving the Chelan Valley from Entiat to Brewster!
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