Spring is right around the corner and in Kittitas County, that means the buyers are looking forward to putting away their snowshoes and ready to get out on the trails in boots and sneakers. This is a very interesting time for our area as we are experiencing EXTREME demand for housing – not just from area residents, but also from folks on the westside, searching for drivable vacation homes. How much has our area’s real estate market been changing? Let’s take a look:
Inventory and Pendings
Below we compare the number of active listings (supply) and pendings (demand) for several of the key Kittitas County neighborhoods including Cle Elum, Roslyn, and Suncadia. Our table includes single family residences comparing February 2020 and 2021.
Median Sales Prices
The Seattle Times just reported that Kittitas County had the largest year-over-year increase of any county in Washington comparing 2019 with 2020 at a whopping 21%!
Comparing February 2020 with 2021, Upper Kittitas County’s median sales price for residential grew from $506,000 last February to $583,250 last month (represents a 15.3% gain).
The specific area median sales prices are listed below. With the low number of sales per month in our area on average, the median sales price can vary quite a bit.
List Price to Sales Price
When the list price to sales price is over 100%, this is usually an indicator of multiple offers.
All the numbers indicate that our market is growing due to limited inventory and increased market demand. Curious about the market value of your property, or how to buy in such a fast and competitive market?