Cashmere Real Estate Update
Cashmere real estate has picked up since I wrote about it in March for my last Cashmere real estate market update.
The number of houses sold in the first half of 2007 is up 35% from the same time last year. The sales volume is up 53%!! This year 5.5 million dollars worth of homes have been sold in Cashmere in the first 6 months.
The average sales price in Cashmere is now $292,000, up 12% from 2006. The median sales price is up 31% to $282,000!
Right now there are 29 homes for sale in Cashmere at an average price of $396,000.
There are 10 pending sales with an average listing price of $325,000. This will continue to raise both the median and average sales prices for the year.
What is driving Cashmere real estate? I think Cashmere is a cute town, centrally located between Wenatchee and Leavenworth. For those commuting to either city, it is about a 15-20 minute drive. There are options for rural living or small town living in cute Craftsman era homes. Cashmere’s school district is also in high demand with lots of praise coming from parents and students.
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