Wenatchee real estate inventory out of balance?

Dear Readers,
Since I've been posting some statistical info on my other blog ( www.CarolsWenatchee.com ), I've been wondering if our inventory of Wenatchee & East Wenatchee real estate is getting a little out of balance. I confined my analysis and did not include real estate from Cashmere, Rock Island, Malaga or other outlying areas.

Here's what our current inventory looks like:

Current Inventory:
Under $130,000 : 56 homes (29 closed in May) 52%
$130,001 - $200,000 : 77 homes 64 closed in May) 83%
$200,001 - $300,000 : 140 homes (19 closed in May) 13%
$300,000 - $400,000 : 25 homes ( 4 closed in May) 15%
$400,000 + : 22 homes ( 5 closed in May) 23%

Ummm... do you see a trend here? If you were building "spec" homes, which price range do you think would be best?

It is interesting to note that the homes in the under $130,000 are selling a smaller percentage of inventory than the over $130,000. Much of this is because the inventory in that price range includes mobile homes on leased land and lower end condos, which are selling but not at as swift a rate as higher priced homes. Homes over $100,000 and under $130,000, in a good location, are selling within days of listing (regardless of condition)... and closing within 30 - 45 days.

It's a good time of year to be selling, so it will be interesting to watch how the trends go. To do your own home searches, go to www.TopPropertiesWenatchee.com

Enjoy your evening,
Carol