2022 Market Report
IS THE MARKET BEGINNING TO SLOW?
2022 Real Estate MARKET REPORT
Overall Sales Volume By Area
The year closed with the overall market -- including all home, vacant land, farm & ranch, condo, and commercial transactions or listings—according to the data collected from the Northwest Multiple Listing Service (MLS), the overall sales dollar volume increased 8% over last year, finishing at $121.25M the highest in history. However, the number of overall sales for 2022 were 14% fewer than last year. A majority, (36%) of SingleFamily Home sales occurred in the $500K-$700K segment, increasing the median home price to $640K, nearly double over 4 years ago. The Luxury Market increased 31%, with 38 home sales above $800K, still supporting quick cash offers. The number of homes for sale are the lowest in 40 years.
The beginning of 2023, there are 40 active listings valley wide; 14 Homes, 21 Vacant Land, 4 Commercial properties, and 1 Farm and Ranch, compared to 404 active listings in 2012. Those hoping competition will slow in 2023, not likely, we believe in 2023 Buyers can expect trends similar to the past two years; elevated prices, low inventory, and bidding wars on well-priced listings.
Vacant land is continuing to be scarcer, and this trend may continue with only smaller, lower priced lots available. This year the Cumulative Days On Market for land sales were 59, the median sale price was $218,000 and 43% of the sales occurred between the $200K$400K segment.
We hope this report has given you a snapshot of market trends and as always, we would be glad to discuss the details with you. If you are scouting a professional Realtor to represent you in your next real estate transaction, or a confidential market analysis on your property, please call us. Our knowledge of the valley and the market, make us your Local Real Estate Experts.
Overall Sales Volume By Category
REAL ESTATE 130 +15% 743,842 40
2021 VS. 2022 $65M $60M $55M $50M $45M $40M $35M $30M $25M $20M $15M $10M $5M MAZAMA WINTHROP TWISP CARLTON METHOW 53 37 102 96 17 13 48 44 28 23
2021 VS. 2022 2021 UNITS SOLD 2022 $50M $45M $40M $35M $30M $25M $20M $15M $10M $5M <$399K $400K$599K $600K$799K $800K$999K >$1M 143 80 47 56 25 35 15 19 18 23 2021 UNITS SOLD 2022
LIST WITH US For the Seller
Our extensive market knowledge will help you to price your property in this ever-changing market, and our marketing expertise will ensure that you sell your property in a timely manner for the highest possible price. Respecting the unique characteristics of each and every property, we believe that every listing requires a different marketing strategy. We will develop a customized plan for you; market updates, showings, open houses and revised marketing plans are scheduled according to your desired frequency. We are skillful negotiators and will work to make the entire process, from start to finish, as streamlined as possible. We will live up to your high expectations.
We will provide you with the most accurate, in-depth data in the Methow Valley market, helping to value your listing accurately. Armed with analysis, we will then price your property according to your needs.
We will expose your home to our extensive list of former and current buyers.
We always use a professional photographer and will be on site for the shoot to ensure that every room is shot at the best angle. Drone photography for aerial photos are available as well.
Your property will have the most extensive online presence offered.
We know what is valued in property and will advise you accordingly.
We know about operating costs and can advise potential buyers accordingly.
We will conduct open houses to expose your property to other local realtors, one of the most valuable ways to show off your property and find a buyer.
We will market your property through the Northwest Multiple Listing Service (NWMLS), exposing your listing to all brokers in the region who can help us find a buyer.
NOW, MORE THAN EVER, THE EXPERTISE OF A REAL ESTATE PROFESSIONAL MATTERS IN THE SALE OF YOUR HOME.Delene Monetta, MB Bob Monetta, DB Alexis Port, MB John Aber, B Mary Lockman, MB Nicola Zahn, Admin
313 E. Hwy 20, Box 1088
Twisp, WA 98856
509-997-6562
methowinfo@windermere.com
WindermereMethow.com
MAZAMA
42 Lost River Rd. Mazama, WA 98833
509-996-6562
Single Family Homes
Sales Volume By Area
2021 VS. 2022
2021 UNITS SOLD 2022
Land & Ranches
Sales Volume By Area
2021 VS. 2022
2021 UNITS SOLD 2022
WINDERMEREMETHOW.COM
OFFICE
996-6562 MAZAMA BRANCH
(509) 997-6562 MAIN
(509)
$60M $55M $50M $45M $40M $35M $30M $25M $20M $15M $10M $5M 26 21 MAZAMA WINTHROP TWISP CARLTON METHOW 43 58 36 36 11 7 15 8
$12M $11M $10M $9M $8M $7M $6M $5M $4M $3M $2M $1M 27 16 MAZAMA WINTHROP TWISP CARLTON METHOW 50 29 17 14 6 6 13 14