Leavenworth Real Estate

Hog Loppet 2010 – Still Time to Register

As most folks know, Icicle Creek Real Estate is a proud sponsor of the 2010 Hog Loppet Ski Tour. This is an annual event put on by the Leavenworth Winter Sports Club. It is a 30 kilometer trek from Mission Ridge to Blewett Pass.

Early Bird Registration for Hog Loppet ends February 8th for the event on February 27th.  Save money and register early! As of today it looks like 218 skiers are signed up and the shuttle bus from Leavenworth is 54% full.

Allyson and Geordie had planned to ski this year, but we’ll be at an Olympic hockey game the night before in Vancouver BC. We hope to be able to make it to the official party at the Fest Halle in Leavenworth afterwords.

Two Minute Home Inspection : Plumbing

If you’re new to the Two Minute Home Inspection series, it’s true, you can’t do a home inspection in 2 minutes.

 A home inspection generally takes 2-4 hours and we always recommend using a home inspector who is licensed by the State of Washington and a member of a national home inspection organization like ASHI or NACHI.

Here’s another guest post by Chip Roberson, of Mission Home and Pest Inspection:

When looking at a house you are considering turning into your home, take two minutes to examine some of the visible components of the plumbing system.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The plumbing system must provide both hot and cold potable water for cooking, cleaning and provide a way to dispose of the contaminated water and a means of keeping the two separate. An improper installation has the chance of introducing a dangerous condition to a household from either a back-pressure or back-siphon situation, which can put a contaminated liquid into the potable water supply. Back-pressure in the water supply system can be caused from a high water pressure event from pumping equipment that overcomes the water systems pressure. Back-siphon happens during a low water pressure event such as a water main bursting or a fire truck pumping from a hydrant during a fire creating a large demand.

The simplest and most effective way to provide backflow prevention, to protect your drinking water, is to provide all needed air gaps. An air gap is simply a space between any device that opens the water supply system (like a valve or faucet) and any place where water can collect or pool (like a sink or bathtub). One example of air gap is space between the end of a faucet and the rim of a sink or bathtub. Another example of an air gap is between the toilet’s fill tube and over flow tube which is located inside the toilet’s tank. If either the faucet or fill tube becomes submerged, they can, in some instances, siphon contaminated water which can enter the potable water supply.

When air gaps cannot be provided to maintain the needed separation then a backflow prevention device is required. These anti backflow assemblies are mechanical devices that permit water to flow only in the intended direction, thus preventing contaminated liquid from entering into the potable water supply. These safety devices should be installed at locations such as between hose bibs and hoses as well as between potable water supply piping and outdoor sprinkler systems. Dishwashers should employ either an air gap device, found above the countertop, or a high loop in the drain hose, which can be found attached to the underside of the countertop, to create the air gap.

Interested in more articles by Chip Roberson?

Click Here to Read About:

 Foundations

Electrical Systems

 

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Leavenworth Real Estate Update: Q4 2009

How best to summarize the 2009 Leavenworth real estate market?

I often tell folks that our market is kind of “muddling” along. Home prices are stagnant or maybe even down a little, but not much in comparison to the Seattle area  or other parts of the country.

 

In addition to my usual quarterly graph, I’ve included a year end graph.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 And here’s a different take, just looking at the 4th quarter.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interesting how they tell a different story isn’t it?

This is especially true for condos. The quarterly chart makes it look like prices just keep going up for condos.  In 2009 we had 8 condos sell in the fourth quarter, while in 2008 and 2007 only 1 condo sold and they were for pretty low prices as you can see.

I think  the Year over Year chart is more accurate because it is based on more data. Condo prices simply aren’t going up.

Synopsis:

• Home prices are flat and slightly off their 2007 peak.
• Condo prices are down, due to oversupply.

Not in these charts:

• Huge number of condo sales in the 4th Quarter. Bargain seekers taking advantage of low prices. This will continue in the 1st and 2nd Quarters of 2010.
• Number of raw land parcels that sold in 2009 was abysmal. Down 50%.
• Number homes sold down 36%.
• Very few foreclosures or short sales
• Very little spec building for single family homes

We often get asked about the effect of the First Time Homebuyer Tax Credit in the 4th Quarter. (It expired and then Congress renewed it again until Spring of 2010.) While it may be a big deal in Seattle and Wenatchee, it hasn’t had much effect in Leavenworth.  Since most buyers aren’t buying primary residences, we aren’t seeing increased demand.   First time home buyers in Leavenworth are looking for homes under $250,000 and preferably $200,000 and if that product doesn’t exist, then $8000 of tax credit won’t help. 

Predictions for 2010

The prudent thing would be to avoid making predictions at all. I certainly wouldn’t be the first real estate prognosticator to pass on the opportunity.

Some thoughts:

• I would guess prices will continue to muddle along. Some neighborhoods will see price drops and others won’t.
• Condo inventory will clear out.  I would guess that foreclosure or auctions will be part of this equation.
• The overall number of foreclosures and short sales will remain low.
• Demand and prices for premium locations (waterfront properties) will remain strong.

What do you think? What does your crystal ball show that mine is missing?

Update 1/26/10

Looks like I transposed two numbers when making my chart. Here’s the corrected version of the Year over Year chart.

 

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Required Disclaimer

NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.

Leavenworth Real Estate | Sold Homes December 2009

 

This month there were 3 homes and 4 condos that closed.

 

10556 Chumstick Highway, Leavenworth

List price: $315,00.  Sold price: $240,000.

Days on Market: 364

2 bedrooms | 1.5 bath | 1271 sqft| 5 acres.

Tucked away on a hillside this home is about a mile outside of Leavenworth.  Home was built in 1980 and has an original interior.  This was an estate sale.

 

 

 

 

 

 

20681 Miracle Mile Road, Leavenworth

List price: $499,000.  Sold price: $450,000.

Days on Market: 189

3 bedrooms | 2.5 bath | 3500 sqft| .29 acres.

Large Kahler Glen Lindahl Cedar Home with a secluded back yard.

 

 

 

 

 

 

16056 Cedar Brae Road, Leavenworth

List price: $697,000.  Sold price: $599,000.

Days on Market: 234

3 bedrooms | 2.5 bath | 2224 sqft| .52 acres.

South shore of Lake Wenatachee waterfront.  As with most south shore lots, steep driveway and steep hike down to the lake.

 

 

Leavenworth Condos:

 

20795 Kahler Drive F-3, Leavenworth

List price: $299,000.  Sold price: $250,000.

Days on Market: 277

2 bedrooms | 1.75 bath | 1266 sqft

Kahler Glen condo on the ground level.  Condo has some newer updates, mainly flooring and paint.

 

 

 

 

 

1107 Front Street Unit 5, Leavenworth

List price: $298,000.  Sold price: $240,000.

Days on Market: 137

2 bedrooms | 1.75 bath | 1307 sqft

Second Cascade Crest unit to sell.  The condo was available last summer for $519,000 and was sold in a Short Sale situation.  Master bedroom has its own balcony.

 

 

 

 

 

1107 Front Street Unit 6, Leavenworth

List price: $298,000.  Sold price: $240,000.

Days on Market: 148

2 bedrooms | 1.75 bath | 1226 sqft

Cascade Crest condo with its own staircase to back deck and rear entry.  The condo was available last summer for $519,000 and was sold in a Short Sale situation.

 

 

 

 

 

 

100 Ski Blick D-202, Leavenworth

List price: $465,000.  Sold price: $300,000.

Days on Market: 822

2 bedrooms | 2 bath | 1321 sqft

Condo project off Titus Road.  One of the reasons for the long days on market is due to being listed during construction.  Another reason is that the condos can not be used as nigthly/weekly rentals because they are in the City of Leavenworth’s urban growth boundary.

 

 

 

 

 

More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for Nov 2009
• Click Here to See Cashmere Sold Homes for Dec 2009
• Click Here to Search for Leavenworth Homes for Sale

 

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Required Disclaimer

NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.

Cashmere Real Estate | Sold Homes December 2009

 

This month, 2 homes sold in Cashmere.

 

 

113 Perry Street, Cashmere

List price: $45,000.  Sold price: $40,000.

Days on Market: 90

1 bedrooms | 1 bath | 400 sqft| .10 acres.

Small home on Perry Street that was a converted garage.  Home was in need of extensive repairs.

 

 

 

 

100 Cascade Place, Cashmere

List price: $310,000.  Sold price: $310,000.

Days on Market: 32

2 bedrooms | 2 bath | 1989 sqft| .26 acres.

Home was probably a For Sale By Owner and not on the MLS.  New construction craftsman style home.

 

 

 

 

 

More Leavenworth and Cashmere Real Estate Info

• Click Here to See Cashmere Sold Homes for Nov 2009
• Click Here to See Leavenworth Sold Homes for Dec 2009
• Click Here to Search for Cashmere Homes for Sale

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Required Disclaimer

NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.