WENATCHEE — Houses in the Wenatchee area are more expensive now than a year ago. They are also less available and slower to sell.
The median house in Wenatchee sold for $342,900 year-to-date, up 6 percent from last year, according to a Snapshot released Tuesday by Pacific Appraisal Associates.
Active listings dropped from 172 in June 2018 to 167 in June of this year. Three years ago, there were 202 active listings on the market.
There were 97 single-family home sales in June, 13 percent less than last year. The area’s overall vacancy rate is now 2 percent, down from 3 percent in 2018.
But construction continues to grow — 127 single-family permits have been issued so far this year, according to the Snapshot, which covers Wenatchee, East Wenatchee, Malaga, Orondo and Rock Island.
There have also been building permits issued for 204 apartments, up from 144 this time last year.
That growth is largely due to the 60-unit Sage Crest Apartments in Wenatchee and an additional 48 units that are planned for the Mary Hill Plaza Apartments in East Wenatchee, said Mary Rose of Pacific Appraisal Associates.
Cashmere and Leavenworth
Cashmere saw 23 home sales close in the second quarter of this year, up from last year’s second-quarter total of 12.
In that same time period, an average home’s time on the market fell 31 percent. The median sales price, meanwhile, ticked up 5 percent to $405,000.
Leavenworth saw more modest growth in closing sales, which were up 18 percent in the second quarter of this year, according to the Snapshot.
Median sales were up 8 percent, but houses spent an average of 98 days on the market, up 29 percent from the second quarter of 2018.