2015 will be another strong year if rates stay low which is what we have heard and inventory gets better. Coldwell Banker Lake Chelan Properties knocked it out
of the park last year. We had over $70 Million in sales which is more than any other Real Estate firm in the surrounding 19 Counties. Twice as much volume as the next closest competitor in the Chelan Valley. Our agents put the Buyers and Sellers together and we crushed the existing inventory. Here is how it played out:
Waterfront Sales: We had 10 sales in 2014. This is a pathetic number compared to 2013 when we had 28 sales of Lake Chelan waterfront homes. We did such a great job getting this previous excess inventory of waterfront homes sold in the past three years that this category has dwindled down. Now we have Buyers and we don?t have much on the market to show them. Anyone that has ever studied economics knows that supply and demand drives prices and we are seeing those waterfront prices going back up now. Those of you who purchased in the last three years and bought all those small lake cabins for $500K to $600K I say congratulations. For those of you who didn?t buy and passed on owning waterfront on Lake Chelan I would suggest you get on it now. We will have some options this year and we already have 2 or 3 good deals but they will go fast. Least expensive waterfront home on Lake Chelan is now $725K. Two years ago it was $545K.
Columbia River Sales: We sold 5 homes on the River from our mls and only 5 lots. Prices were about the same but we had no inventory there either. We
sold every home we