Price Reduction

This Tuscan home features the best of what you want in your vacation or year around home. Stained glass adorns the entryway to this immaculate 2 plus bedroom home with handicap access from your own private courtyard. Situated a half block away from the sandy beach public access on the south shore of Lake Chelan near the walking trail at Lakeside park. Tile floors, rock fireplace, sound system and panoramic views from the wood wrapped windows are just a few of the amenities. Beautifully designed kitchen with gas range and electric oven and center island. The lower level boasts a spacious entertainment room complete with heated tile floors and an official regulation size sports court for racquetball, handball, or basketball. A finished three car garage with hot water and sound system for just a few more added features. Sports court is primed to be converted to additional living space for buyers preference.

Now listed at $559,000

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Annual Home Values Rise 6.2 Percent Nationwide in January

DATE:FEBRUARY 21, 2013 | CATEGORY:MARKETTRENDS | AUTHOR:

The strong momentum the housing market built up in 2012 has officially carried over into 2013, ashome values rose to $158,100 last month, up 0.7 percent from December and 6.2 percent from January 2012, according to the January Zillow Real Estate Market Reports.

 

January marked the 15th consecutive month of home value gains. The 6.2 percent annual gain is the largest since July 2006, when home values rose 7.5 percent year-over-year. The last time national home values were at this level was in June 2004.

Home value appreciation was widespread in January, as all of the top 30 metros covered by Zillow experienced year-over-year gains. Major markets where home values rose the most over January 2012 included Phoenix (21.9 percent), San Francisco (17.2 percent), San Jose (16.8 percent), Las Vegas (16.2 percent) and Sacramento (13.7 percent).

On a monthly basis, 27 of the top 30 metro markets showed home value appreciation in January. TheSt. Louis and Orlando metros were the only markets that fell month-over-month. Baltimore was flat.

Because of seasonality, national rents fell slightly in January compared with December, down 0.2 percent to a Zillow Rent Index of $1,271. Year-over-year, national rents were up 4.3 percent.

Foreclosures, while falling, still remain an important and significant part of the market. Completed foreclosures slowed in January, falling to 5.54 homes foreclosed out of every 10,000 homes nationwide. That was down 0.8 homes over December and down 2.3 homes year-over-year.

“The winter months are typically when things cool off in the housing market, but high demand and continued tight inventory in many markets have helped keep things at a boil through the early part of 2013,” said Zillow Chief Economist Dr. Stan Humphries. “Demand will continue to be high throughout 2013, which will help home values and rents alike continue to rise. Foreclosure activity remains high, despite recent drop-offs. This will have the dual effects of nurturing rental demand, as displaced former homeowners seek new lodgings, and of adding supply to many markets, as foreclosed properties re-enter the market.”

Read more here.