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Affordable Housing In the

Upper Valley:

Update 2011

Chelan County Cashmere city Chelan city Entiat city Leavenworth city Wenatchee city

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

9%

3%

10%

16%

-5%

15%17%

0%

22%24%

12%15%

11%

1%

9%

23%

1%

15%

42%

-12%

56%

28%

60%

7%

Change in Population, Housing Units, and Housing Unit Satus: 2000-2010Cities in Chelan County

Population

Housing Units

Occupied Housing Units

Vacant Hous-ing Units

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

1.8%3.3%

5.1%

8.5%

16.7%

2.0%

12.0%

28.5%

8.5%

12.2%

17.8%

38.1% 38.4%

13.2%

9.6%

6.5%

11.1%

7.0%

25.0%

18.9%13.2%

67.7%

38.8%

15.5%

34.3%

74.0%

45.5%

13.7%

Change in Population, Housing Units, and Housing Unit Status: 2000-2010

School Districts in Chelan County

Population

Housing Units

Occupied Housing Units

Vacant Hous-ing Units

Chelan County Cashmere city Chelan city Entiat city Leavenworth city Wenatchee city0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

18%

3%

25%

7%

11%

5%

18%

6%

29%

14%

19%

6%

22%

5%

36%

15%

27%

6%

24%

6%

42%

19%

35%

7%

Housing Unit Vacancy Rates: 1990-2010 and 2020 Projection

Cities in Chelan County

1990200020102020 (Est)

Real Estate MarketIn the Upper Valley

• 219 Residential Properties Listed for Sale (5/16)– Leavenworth, Peshastin, Dryden, Lk

Wenatchee, Steven’s Pass– Single Family Median List Prices (183)

• $465,000 Leavenworth (Range: $109,000-$2.0m)• $349,000 Peshastin/Dryden (Range: $125,000-$1.1m)

− Condo Median List Prices (36)• $259,900 (Range: $173,000-$549,000)

– 40 Properties $250,000 or less• Single Family

• 8 City of Leavenworth• 16 Other Upper Valley

• 16 Condos, Median $219,000

Chelan County Median Resale Q1, 2011: $207,300; Washington State: $228,200

Affordability% Area Median Income

Income Hourly Maximum Home Price

Cash Required

120% $70,320 $33.80 $267,000 $49,000

100% $58,600 $28.20 $227,000 $42,000

80% $46,880 $22.50 $178,000 $33,000

60% $35,160 $16.90 $134,000 $25,000

Based on conventional mortgage, 6.25% fixed for 30 years, no other consumer debt.