Brags and Confessions:
Probably one of the most notable Rotary Action Groups is the one to eradicate Polio.
Sam Mack introduced Nicole Begin, a local realtor, to give a prospective of the real estate market and sales of the Wenatchee Valley during the CoVid-19 pandemic.
Nicole Begin has been a realtor with the local John L. Scott Real Estate office for 3 years. Her background in interior design and construction.
Wenatchee Valley real estate inventory is down slightly; possibly because of the CoVid crisis. New construction is up over 51% from this time in 2019. Recent property sales have resulted in bidding wars.
Sales of the most sought-after Wenatchee properties are in the $360k median price. Properties in the $550k-$850k range have increased 180%. Most of those buyers are from the Seattle area, and are older retirees! Most homes sales have been in the 1800 square foot size with a 2 car garage. The trend is for builders to build homes in the 1300-1800 square foot range, as opposed to the "McMansion" built 10 years ago.
The rental market in Wenatchee has been as low as 1%, but is now up to 4%. With low interest rates for home sales, many renters have become buyers.
The current CoVid phase requirements only allows 2 persons to be in a home for a showing. That can be the realtor and one buyer, or two buyers. In the future, relaxed regulations may allow 3 people at once into a home showing.
President Earl presented Nicole with a children's book, donated in her name to the North Central Regional Library for the presentation she gave to our club.
Meeting was adjourned at 7:45 am.