Sunday, April 14, 2013

April Real Estate Update for the Okanogan Valley
















OKANOGAN VALLEY MARKET REPORT
Sales were up in March for both land and homes, and spring is springing! There is still some snow hanging on in the higher parts of the highlands, but things are getting greener and warmer, and my tomatoes are in the greenhouse!

There were 13 homes sold in March in the Okanogan Valley, compared to three in February. The average selling price was also higher at $180,577, with an average of 299 days on the market. There were nine land sales, up from three in February, with an average of 627 days on the market. Search homes and land here.

I've had people ask me if home prices are rising as they are in other areas - at this point, no, I'm not seeing that. Properties are moving, but not as they are in more populated areas. I did a check in the NWMLS, and the inventory levels in King and Snohomish Counties are at a two month supply, whereas the Okanogan Valley has an 18 month supply of inventory. However, I'm encouraged to talk to brokers from busier areas, as that seems to eventually come here. We have come out of the winter slow down though and things are picking up again. Contact me for a free market analysis of your home or land!

MARCH HOME SALES
CITY BED BATH SQ. FT. LOT SIZEYEAR DOMLIST PRICE SOLD PRICE
Oroville 3 1.75 2,183 .13 1937 1,184 $89,900 $55,000
Tonasket 752 6.70 1986 47 69,500 63,000
Omak 1,200 .34 1927 99 94,500 87,000
Tonasket 2 1.00 1,050 1972 64 114,950 93,000
Omak 3 2.50 1,440 .15 1939 255 140,000 105,000
Tonasket 1.00 828 49.00 1903 172 125,000 120,000
Okanogan 5 1.75 2,352 .21 1956 229 179,500 149,500
Okanogan 3 2.00 1,375 .83 1956 352 170,000 150,000
Omak 3 2.00 1,680 1.03 1995 76 224,000 215,000
Okanogan 3 2.25 1,797 .60 1967 245 249,000 230,000
Omak 4 2.25 2,782 .29 1962 239 250,000 230,000
Tonasket 322 2,048 59.51 1981 697 399,000 355,000
Oroville 2,612 1.00 1999 225 497,000 495,000
AVERAGES 1,700

299 $195,624 $180,577

MARCH LAND SALES
CITY ACRE DOM LIST PRICE SOLD PRICE
Tonasket 5.30 449$16,500 $15,000
Okanogan 40.00 91430,000 18,000
Tonasket 19.95 9022,00022,000
Omak 5.53 158 75,000 27,500
Tonasket 7.34 320 30,000 30,000
Omak 1.13 203 31,500 30,000
Omak 2.12 2,150 76,000 49,000
Riverside 20.00 392 60,000 52,759
Tonasket 100.00 970 225,000 170,000
AVERAGES 22.37 266 $62,889 $46,029

These are sales reported through the NWMLS for the Okanogan Valley. They do not reflect the entire county, private sales, or those through offices who are not affiliated with the NWMLS. These statistics are deemed reliable, but are not guaranteed.

FEATURED PROPERTIES

Irrigated farmland, year round creek (with fish!), one mile of county road frontage, 230 acres!

20 acres on county maintained road! 

Tina or Tony Holan
509-486-0152