Home prices up. Inventory down. Sellers smiling.
That’s an extremely condensed snapshot of the Wenatchee home market for July. But all signs point to happy sellers as buyers scramble for available houses. Rumors are that many homes are on the market only a day or so before they sell.
Here are four things to know about July’s local home market:
1. In year-over-year comparison, average home prices rose 7 percent to $257,675. Median prices rose 5 percent to $225,000.
2. The number of homes on the market in July fell 18 percent from July 2013 to 303 homes. The supply of lower-priced homes ($200,000 or less) stands at around 3.5 months, with the supply of all homes down 20 percent to four months.
3. Competition for primo houses pushed July’s sales up 8 percent to 78 homes. Sales totals year-to-date are down 8 percent to 436.
4. The Wenatchee Valley’s super-tight rental market has relaxed slightly from July 2013, but it’s still tough to find an apartment. Apartment vacancies rose to 3 percent from 2 percent last year, and vacancies for homes and condos stayed flat at 2 percent. Traditionally, the local vacancy rate hovers at around 5 percent.
(These numbers were plucked from the monthly real estate snapshot provided by Pacific Appraisal Associates, a Wenatchee-based consulting and appraisal firm.)
Arf! Local marketing whiz named pet industry’s Woman of the Year
The marketing director of a company that helps locate lost pets has found herself as the winner of a national industry award.
Wenatchee resident Lorien Clemens, head marketer for Pet Hub, Inc., was named 2014 Pet Industry Woman of the Year at the Women in the Pet Industry Conference last weekend in Portland, Ore.
Pet Hub uses various technologies to help get lost pets home faster and safer, says a company press release. Those technologies include QR code pet ID tags, short-range wireless formats, Bluetooth wireless services and GPS mapping.
Clemens, who moved to Wenatchee in June and works from her virtual office at home, joined Pet Hub in 2011 just as the Seattle-based company was obtaining startup financing. On a shoestring budget, she’s helped build Pet Hub from 3,000 online users to over 100,000 and nurtured Facebook users to over 70,000.
Clemens also helped the company snag honors such as “Editors’ Choice” from Dog Fancy Magazine and “Product of the Year” from Pet Business Magazine for its digital ID tags. She recently aided the company in obtaining nearly $2 million in funding from investors.
“I’m thrilled to be awarded such an honor,” said Clemens. “I’m looking forward to using this opportunity to further educate pet parents about the importance of lost pet prevention and using new technologies to keep pets home safe and sound.”
For more info, visit PetHub.com.
This weekly column is compiled from “Everyday Business,” a blog by World reporter Mike Irwin. You can reach him at 665-1179 or firstname.lastname@example.org.