Market Update - 4.15.25
In the midst of turbulent national headlines about tariffs and volatility in the stock market, the Lake Chelan real estate market has steadily marched ahead.
March showed a strong number of pending home sales (12). This is roughly double the performance of the previous two years (5 and 7 pending sales in 2023 and 2024 respectively).
And during the first half of April, the trend has continued. April recorded eight pending home sales to date. The total for April in 2023 and 2024 was 9 and 11 respectively. The odds look good that this year will best the previous two Aprils just like March.
Pending residential sales - Lake Chelan (961) - 4.1.25-4.15.25
We are still cautiously optimistic that this trend will continue and that 2025 will outperform the previous year.
Additional predictions:
Inventory will continue to improve over post-Covid levels. This could lead to a slight softening in some micro-markets in the valley.
Properties with a strong connection to the lake (view, proximity) will continue to sell. Read more about this “Lake Effect” in this blog post.
Focused sellers should be prepared to adjust pricing downward and consider owner-financing if a property is owned outright. Buyers can be patient.
