North Central Washington
WEEK OF MAY 26TH
Realtor’s Corner VikkiGildenRealEstate.com century21exclusively.com
Future of U.S. Housing Markets Depends Largely on Echo Boomers
Where were you born and where have you lived since then? I was born right here in Wenatchee; at the ripe old age of 5 my family moved to Leavenworth where I completed my education graduating from Leavenworth High School. With the exception of going to college in Ellensburg, I have lived my entire life in North Central Washington. Upon graduation from college I took my first and only teaching job. I taught and coached for the Waterville Schools. I spent 28 of my 34 teaching years living in Waterville. In 1999 I married a wonderful East Wenatchee woman and relocated back into the Wenatchee Valley.
Gene Palmquist Century 21 Exclusively (509) 393-9820
NAR: News Release
What got you into real estate and what keeps you there? I have always been interested in the housing industry, my grandfather was a local carpenter and my uncle was also involved in the industry. My dad built several homes in the area. My wife and I enjoy viewing homes and after attending several Open Houses a local realtor said, “Why don’t you become a Realtor, get paid, and be doing something you enjoy.” Long story short, I retired from teaching in 2005 and began my second career in Real Estate. What keeps me interested in this profession are the interesting people I get to meet and helping them in their real estate needs.
Tell us about your family? My family includes my wife and her four grown children; their spouses and eight grandkids; my two sons, their spouses and one granddaughter. We also have one great granddaughter, but my wife thinks we are too young for that. We do have three remaining house guests—our three little dogs.
Which living person do you most admire and why? The person that I most admire is my 90 year old mother. Mom was the housekeeper, councilor, cook and chief person in charge of our daily lives. I don’t know how she did it. Somehow she was able to hold it all together and spread all the love that I and my brother and sister required. What is most remarkable is she and Dad enjoyed 70 wonderful years of marriage.
What is the most interesting property you have ever listed/sold? The most interesting piece of property I listed and sold was probably the old Grange Hall in downtown Waterville. Interesting because, how do you market and old building that hadn’t been used for years and needed some TLC? I was fortunate to have some very creative people buy the Hall and have turned it into a very nice Bakery. Next time in Waterville stop by for some wonderful fresh baked goodies.
What tip would you offer to someone looking to purchase and/or sell a home in this market? The tip or suggestion for buyers and sellers I would give is---first take your time, do your research, the Internet is a great tool. Once you have collected your data find a Real Estate Broker. When you start working with your Broker let them get to know you and what you are looking for; they will be able to help you through all stages of your buying or selling. They will make the process as painless as possible. In this market knowledge is king. There are many great homes to be purchased so enjoy the experience and don’t get bogged down in all the red tape.
If you could spend six months anywhere in the world, where would that be and why? If I had a chance to live anywhere in the world for six months, I would probably use the old adage of “If it’s not broken don’t fix it”. I love North Central Washington and I don’t feel there is any other place on earth that I’d rather be. Sure I’d like to visit some other places for a short time but there is no place like home and the Wenatchee Valley is Home.
What is your forecast for the real estate market for the remainder of 2012?
Agents Over 21 Years of Real Estate expertise partnered with the National Exposure of !
1 S. Chelan St., Wenatchee •
My forecast for the real estate market for the rest of 2012 is a positive one. According to the snapshot our local market has shown a positive growth over the last year and we all hope it will continue.
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Coldwell Banker LaVigne 1 S.1 Chelan St., Wenatchee • 509-888-8887 S. Chelan St., Wenatchee • 888-8887
Debbie Chase • 630-0235 • ColdwellBankerLaVigne.com ”
People are “Our Business”
Lorre Stimac Realtor cell: 509 670-7653 fax: 509 662-2164 email@example.com
Bringing Buyers & Sellers Together Roger Downer
R E A L E S TAT E
679-0592 Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave. This Office independently Owned & Operated
www.wenatcheepremierhomes.com Stephen Office: 662-3491 Bishop fax: 664-3897
Laura Mounter Cell: 509-670-3303 Office: 509-665-9200 Laura@LauraMounter.com • www.LauraMounter.com
Bringing Your Dream Home 175 E. Penny Rd. ~ Wenatchee, WA 98801
WASHINGTON (May 18, 2012) - The next two decades in housing markets depends largely on the Echo Boomers. That’s according to panelists at the “Shifting Demographics and Housing Choice: A Whole New World?” session today during the Realtors® 2012 Midyear Legislative Meetings & Trade Expo here. There are approximately 62 million echo boomers in the U.S. Also called “millennials,” echo boomers are currently ages 17-31. According to the 2011 National Association of Realtors® Profile of Home Buyers and Sellers, younger home buyers - those ages 18-34 - represent 31 percent of all recent home purchases. “We know that although many young people may be delaying home purchases in today’s economic climate, most of them still aspire to homeownership,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “Realtors® are committed to ensuring that the dream of homeownership can become a reality for generations of Americans to come.” During the session, economists NAR, the University of Washington, and Florida State University presented various research and data that illustrate the future of homeownership from a generational standpoint. “Demography is destiny,” said NAR Chief Economist Lawrence Yun. “In that vein, demographics can provide very useful insights into the future of housing and homeownership, and the results of these reports indicate that certain generational shifts will have a significant impact on the real estate industry over the next two decades.” NAR Economist Selma Hepp identified several key demographic trends on both ends of the housing age spectrum.The demand for affordable, accessible housing will increase as the 65-and-over population grows; at the same time, as seniors leave their homes and move into assisted living and other arrangements, they will add to the current supply of housing. Because of their sheer size, however, echo boomers will significantly impact the next two decades in housing. “Echo boomers represent a long-term opportunity for a housing market recovery, but they are struggling in the current economic crisis,” said NAR’s Selma Hepp. “Consequently, demand for rental housing is likely to climb in the near term.” As a group, the echo boomers are more racially and ethnically diverse than their baby boomer parents. While 65 percent of baby boomers are Caucasian, only 55 percent of echo boomers are Caucasian. Echo boomers are also more likely to be college educated than previous generations, and are remaining single longer. Glenn E. Crellin from the Runstad Center for Real Estate Studies at the University of Washington shared his insights into recent declines in homeownership and whether those declines indicate possible generational trends. “It is worrying that the homeownership rate for those under 35 has fallen more sharply than the rate for older Americans,” said Crellin. “But I think we need to examine homeownership rates by generation in a more balanced way. Although the Millennial generation does not own homes at the same percentages of those in other generations, many of them are still in the early stages of household formation - in fact, some of them are still in high school.” Crellin presented data from the American Community Survey that shows a significant increase in homeownership among millennials when compared to baby boomers at the same age. While 900,000 households in the millennial generation own their own home, only 500,000 baby boomer households owned their own homes at the same point in their lives. “Given these data, what we’re looking at in terms of the millennial generation is likely only a delay in homeownership of three to five years, not a long-term trend away from homeownership itself,” said Crellin. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
North Central Washington
WEEK OF MAY 26TH
May 26 & 27, 2012
N<<B<E; FG<E ?FLJ<J Saturday Open Homes $298,500
625 Easy Street Open Sat. & Sun. 12-4 RE/MAX Landmark Jon Port 669-5400
17326 Chumstick Hwy Open Sat. 12-3 Log cabin on 10.2 acres. Great vacation home. Approximately 10 miles from Leavenworth; 6 miles from Plain. Loft bedroom, 1 bath. Diections: Hwy 2 to Chumstick Highway, 10 miles on left. Century 21 Exclusively Harold Jones 699-1214.
Wenatchee $164,900 1235 Malaga Ave. Open Sun 12:30-2 Cute Rambler in great, private, central location. 3 Bedrooms, 1.50 Baths with a large fenced yard. Directions: South Miller, left on Red Apple Road, right on Malaga. Premier One Properties Steve Bishop 679-7004 $177,900 1045 Kittitas Street Open Sun. 2:30-4 Super Cute, Impeccable 1,892 sq. ft. Cottage, 3 Bedroom, 1.75 Bath. Alley, 2 car garage, extra parking. Updates and a really Nice Yard with Covered patio. Directions: South on Miller, left on Red Apple, left on Kittitas St. Premier One Properties Steve Bishop 679-7004 $292,000
701 Woodward Open Sun. 1-3 1/2 3+ / ! C ! Century 21 Exclusively Annette Johnson 630-6107
2110 Sage Grouse Open Sun. 12-1:30 Century 21 Exclusively Betsy Loomis 669-6464
East Wenatchee 3331 Sunset Hwy Open Sun. 2-4 2007 4 bed, 2 bath home on .52 of an acre! 2 car attached garage, oak cabinets, formal dining, warranty and room for your toys. Directions: From Odabashian bridge, South on Sunset Hwy, across Street from Shell Station, house on the left. Windermere Real Estate/NCW Diana Hinkle 860-1685
2178 Blackstone Court Open Sun. 1-3 2012 4 bed, 2.5 bath home in newer development. Custom cabinets, granite counter tops and hardwoods adorn the custom kitchen. Master features 2 closets with built-ins. Directions: North on Baker, right on 21st, Left on Blackstone Ct. Century 21 Exclusively Gene Palmquist 393-9820
$299,900 351 19th St NE #7 Open Sun. 1-3 Century 21 Exclusively Pam Wright 860-4487 $405,000
846 Briarwood Dr. Open Sun. 1-3 Custom built 5 bedroom daylight rambler with huge views and a large deck to enjoy it. Located in the desirable Briarwood neighborhood. Directions: North on Eastmont Ave., right into Briarwood, left on Briarwood Dr. Windermere Real Estate/NCW Becky Long 741-0287
Cashmere $198,000 330 Division St. Open Sun. 12-1:30 Laura Mounter Real Estate & Co. Cindy Smith 664-6278
2113/2109 Yarrow Open Sun. 2-4 Century 21 Exclusively Betsy Loomis 669-6464
$359,900 2003 Broadway Place Open Sun. 12:30-2 Laura Mounter Real Estate & Co. Lela Castro 509-322-6060
$259,950......... EAST WENATCHEE
17326 Chumstick Hwy. Open Sun. 12-2 Vacation cabin ten miles outside Leavenworth. Cozy log cabin has loft bedroom, covered deck in back, barn and 10.2 acres. Directions: Hwy 2 to Chumstick Highway, 10 miles on left Century 21 Exclusively Lee Hildebrand 669-7601
3933 SR 97 Open Sun. 1-4 Premier One Properties Mae Hamilton 630-1104
For additional information on these Open Houses visit: www.ncwaropenhouses.com
OPEN HOUSES See Our Open Houses and other Fine Listings at www.century21exclusively.com
34 S. MANDOLIN - EAST WENATCHEE Beautiful open concept daylight rambler. Gourmet kitchen features slab granite countertops, double ovens and 5 burner cook top. 9’ ceilings. Fifth bedroom/office/hobby space in lower level. 3 Bathrooms. Large deck to the west to take advantage of the panoramic view plus large covered patio with stamped concrete on lower level. $359,900 Please Contact JEANNIE KING @ 679-5150 For more information. MLS# 697994
200 ROLLING HILLS LANE - WENATCHEE This is a beautiful home with room for everything! 4 bd. 3.5 bath with a HUGE shop and Bonus living space that is wired and plumbed for a 2nd full kitchen. Kitchen has granite countertops with beautiful slate floor. Opens to eating area and nice size family room. Formal Dining room and Living room. Shop and additional living space have seperate heat pump. This is a must see! $399,900. Please Contact GARY MULLEN @ 679-4132 For more information. MLS# 697642
2487 PLATEAU DRIVE - EAST WENATCHEE Ready for those hot summer days by your pool? This is the house for you! Gorgeous Swim World in-ground pool with lush and beautiful landscaping. Upgraded tri-level home with newer carpet & granite. Includes 4 bedrooms and 2.75 baths. Large lot with room for your RV and lots of privacy. Come see your new home today! NEW PRICE $259,900. Please Contact ERIN DAVIDSON @ 293-2214 For more information. MLS# 697997
116 S. FRANKLIN AVE. - WENATCHEE This 1924 Grandview Historic District home screams ‘’Charm’’ inside and out! Two master bedrooms. Updated heating, air conditioning, wiring, plumbing and fixtures. Office, two bedrooms on lower level(w/non-legal windows) make a total of 5 bedrooms. Gas fireplace w/ built-in’s, newly refinished hardwood flooring, lush landscaping, fenced backyard, large flagstone patio and a storage shed. $299,900. Please Contact HEIDI FAVOR @ 741-2548 For more information. MLS# 698198
RESERVE YOUR SPACE TODAY! Contact: Tom
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OPEN HOUSES FEATURED LISTINGS
$255,000...................WENATCHEE Need a little elbow room? 3 bedroom rambler + office on .42 acre! RV parking, new bamboo flooring, stainless appliances, granite counts. Master with walk-in closet & heated tile floors in master bath. MLS# 698211 Jacque Hurst 860-3963
$185,000...................WENATCHEE 3 bedroom 2 bath rambler. Family room off the kitchen. Fenced back yard with big deck. Needs a few cosmetic updates, but overall is in good shape. Excellent neighborhood, close to Rotary Park. MLS# 698144 Cindy Seyster 670-6466
$175,000............... SUNRISE EAST It’s all here! Secure 55 +gated community with club house, pool and exercise facility. Over-sized Silvercrest model home. 3 bedrooms, large master suite, kitchen with center island, over-sized pantry/sewing room. MLS# NEW Mary Tabler 885-3902
$75,000........... EAST WENATCHEE Come enjoy the pool this summer! Perfect Condo for your 1st home or low maintenance lifestyle. 2 bedrooms, good sized covered parking, storage unit, and fenced patio area with great privacy. MLS# 698239 Jacqueline Hurst 860-3963
Windermere Real Estate / NCW
662-7184 • 1-800-841-0055 www.windermerewenatchee.com
1681 EASTMONT AVE. - EAST WENATCHEE Updated rambler! New two-toned cabinetry in kitchen with granite surfaces. Cozy family room with fireplace and a separate living room. 3 spacious bedrooms, builtin storage, updated bathrooms, double vanity in both baths, large patio, newer roof, fenced park-like backyard! $269,900. Please Contact HEIDI FAVOR @ 741-2548 For more information. MLS# 697751
1226 LOIS PLACE - WENATCHEE Spacious 3 bedroom rambler with lots of room to roam inside and out! Kitchen with large eating bar is open to vaulted family room with fireplace, separate living room,dining room (with wainscoating)and nook (perfect for computer area). Attached garage plus detached 32 x 32 shop with office. Fenced area complete with above ground pool. Mature landscaping, large patio on two city lots. $289,900. Please Contact HEIDI FAVOR @ 741-2548 For more information. MLS# 696835
North Central Washington
Homefinder’s FREE Guide A monthly advertising supplement to
Immaculate Broadview Home 2026 Maiden Lane
2935 CASCADE RIDGE - EAST WENATCHEE Classic 2 story home with an absolutely incredible setting! This home has it all, formal living and dining, family room with cathedral ceilings, gourmet kitchen with stainless appliances, four bedrooms, nearly 1/2 acre fully landscaped lot with in-ground pool, RV parking, and a fantastic location with a view. A must see property that feels like an estate! $324,900. Pleae Contact PAUL MARES @ 670-2119 For more information. MLS# 697679
617 GRANDVIEW LOOP - WENATCHEE
135 N. Mission Wenatchee, WA • 509-662-2100
Price Reduced! Classic Brick Rambler appraised for $285,000. This is a great buy! 2700 sq ft, hardwood floors, slate entry, overlooking the golf course fountains. Ready for some equity building updates! MLS# 697965 Tim Seyster 509-669-5786
So many custom features! This 2008 daylight rambler has an open floor plan that is great for entertaining! Main floor master. Slate, travertine and solid walnut flooring! Slab granite counters and 10’ island! Alder cabinets, double ovens and gas range. Panoramic city and river views! Two more br’s, full bath and theater room downstairs! Huge 3 car garage, fully fenced yard and auto sprinklers. $464,900. Please Contact PAUL MARES @ 670-2119 For more information. MLS# 696949
661 BRIARWOOD TER. - EAST WENATCHEE AMAZING BRIARWOOD HOME for only $350,000. This home is priced to sell. Similar homes are going for close to $400,000. Custom everything, three car garage, outdoor kitchen, sport court, top of the line finishes. A real must see! Please Contact JEFF BENSON @ 630-6859 For more information. MLS# 697698
Cell: 509-670-3303 Office: 509-665-9200 Laura@LauraMounter.com • www.LauraMounter.com
Bringing Your Dream Home 175 E. Penny Rd. ~ Wenatchee, WA 98801
ATTENTION HOMESELLERS! Is your home being listed and promoted by a local Realtor in the region’s most widely distributed Real Estate Magazine? The HomeFinder’s Guide distributes 10,000 copies all over NCW AND an additional 10,000 copies in the Wenatchee World. Sell your home faster using a Realtor in the region’s premier Real Estate Magazine:
www.premierone.biz 925 Fifth St., Wenatchee • 662-3491
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