20%. That’s the big number that just came out from the recent Real Estate “Snapshot” put out by Pacific Appraisal in Wenatchee. There has been an overall gain of 20% value in real estate in the Wenatchee Valley since last year.
Not all properties appreciated at this rate. Some market sectors are hot and others less so. Ramblers and their convenient one story living continue to be money makers. Cabins and condos seem to be the hot item in the Leavenworth area. Multi-family investment properties are also very popular throughout the valley.
I’m a big fan of 20%. I know some people would love the 40% (or more) increases that some really hot markets have seen. Not me. Let them have their BUBBLE. I would rather have continuous growth and a healthy market.