The Wenatchee Snapshot Report from Pacific Appraisals for the first half shows decreases in most things from last year.  Midway through 2011 shows the market is down by 10% in the number of homes/condos sold. The median home price is currently at $200,000, a 13% decrease over last year at this time.  There is a supply of 593 homes/condos on the market, indicating a 14 month supply for all price ranges.  Building permits for single family homes are down by 25%.

The Lake Chelan Snapshot Report for the first half was also released today.  If you total the number of homes sold year to date of all types in the areas covered, the number was 62 last year and is 62 this year.  But that is not the whole story.

The number of homes sold is down 42% for the year, while manufactured homes are up 150%.  Community Waterfront home sales are up 13%, waterfront sales are the same as last year, homes on acreage are up 33% and condominium sales are up 28% from last year.

Average and median home sales prices are down from last year, as are waterfront sales prices.  The average waterfront sales price is down 37% from last year, while average home prices declined 11% from one year ago.  Listings are down over 30% from last year, for both homes and waterfront homes!

Have a look at our Lake Chelan Residential Sales Summary for another look at the data.