Methow Valley Real Estate Market

The Methow Valley’s housing supply has always been tight, but the number of houses on the market was significantly down for the first half of 2020 as a direct result of statewide stay-at-home orders.

Now that Okanogan County is under Phase 2 of the state’s reopening plan, buyers and sellers are more eager to resume plans to buy or sell Methow Valley real estate.

Looking at property in Okanogan County? Read about these charming towns and communities to get started on your real estate journey.

Twisp

With a population of about 990 people, Twisp is the largest town in the “heart of the Methow Valley”. Despite its small size, the town is considered the center of the Valley’s arts and culture.

There is an abundance of art galleries, studios, and artist collectives. And for those with adventurous palates, Twisp boasts a varied dining scene of over 10 restaurants, offering meals ranging from authentic Mexican to upscale farm-to-table.

Twisp is currently a balanced market where homes have a median listing price of $396,000. Home values in this artsy town have catapulted this year. Year-over-year data from July 2020 record a 59% jump in home values (Realtor.com).

Winthrop

This former frontier town (population: 461) is thought to have served as the inspiration for the first American Western novel, The Virginian. A walk through its downtown district confirms this – it feels like a journey back in time or around a Western film set. Another remnant from its frontier past is Three-Fingered Jack’s Saloon, the oldest legal saloon in the whole state.

Even if you have no feelings of nostalgia for the Old West, Winthrop is a great destination for hiking, mountain biking, and fishing enthusiasts.

Winthrop’s real estate market currently favors sellers. Home values have surged 40.7% year-over-year as of July 2020 (Realtor.com).

Mazama

If great mountain views and access to adventures in the Cascade Mountains sound like huge perks to you, the community of Mazama, Washington is worth a closer look.

Even though Mazama’s population is a diminutive 158, its intimate community has an adventurous and open spirit. There are plenty of outdoor activities to undertake in each season, and you’ll find one of the longest cross-country skiing trails in the country here.

Homes in Mazama are currently valued at $428,572 (median), and they have appreciated by 3.5% over the current year.

Pateros

A peaceful strip of green in the sagebrush country of its immediate area, Pateros, Washington embodies the idyll associated with the country: big blue skies, clear waters, chirping birds, and a blanket of serenity. Once a community of miners, fur trappers, and cattlemen, the town is now a modest community of 565 residents supported by agriculture, healthcare, and tourism.

Median home values for Pateros are around $287,619, placing its median listing prices below those of Washington State and of the country. Home values for the year are up by 3.6% and could increase should the trend of people seeking to move to more sparsely populated communities continue.

Are you checking for options in Okanogan County? Reach out to Coldwell Banker Winthrop Realty to realize your goals. Our local experts go beyond business transactions to help our clients settle into their new Methow Valley community. Call us today at 509.996.2121 or send an email to info(at)cbwinthrop(dotted)com.