Homes Sales Down in the Upper Wenatchee Valley

The Cashmere and Leavenworth real estate markets seem to be telling two different stories.

Data from Pacific Appraisal Associates shows that in the Cashmere, Dryden and Monitor areas, home sales were up 63% in the first quarter of 2022 as compared to the same time last year. Homes are spending less time on the market and the average sales price is up nearly 50% year over year to almost $600,000.

However, in the Leavenworth and Peshastin area home sales were down 41% since the 1st quarter of 2021. Homes are spending more time on the market and the growth in the average sales price is far less that further down the valley in Cashmere, rising just 13% over the last year, but to nearly $800,000.