Leavenworth Real Estate

Kahler Glen Condos : Oversupply = Time to Buy

Condos at the Kahler Glen Golf Course near Lake Wenatchee have been a favorite with Leavenworth vacation home buyers for the past few years. Everyone seems to have a favorite reason:

• On the Kahler Glen Golf Course
• XC ski out the door in winter on groomed trails
• About 200 sqft bigger than other 2 bedroom condos
• Minutes to Lake Wenatchee
• Easy to add to Kahler Glen Rental Pool

 

 

 

 

 

 

 

 

Over the past five years we have seen relatively few condos at Kahler Glen come on the market and even less of the Natapoc units on Clubhouse Drive. This scarcity has caused prices to climb up and up and up. In 2005, 2006, and 2007 all the units that came on the market were sold. 

In early 2008, I had a client ask about Kahler Glen Condos and I helped him find one, even though there weren’t any listed. We were able to get one for $325,000 which included a membership to the Kahler Glen Athletic Club .   A few months later another agent listed a unit for $369,000. (Which has not yet sold.)

Unfortunately for Kahler Glen Condo owners more units came on the market in 2008 as our real estate market was quieting down and the stock market was taking a nose dive. As more units came on the market, and no condos sold, the sellers had to adjust their prices.

In 2008, 3 Kahler Glen Condos were listed on the MLS and in 2009 an additional 2 were added to the list.

I scratched my head trying my best to make a chart that shows  this classic give and take between supply and demand.

 

 

As of May 2009, there are 5 Kahler Glen Condos for sale in addition to one of the newer Natapoc units. The condos range in price from $279,900 to $300,000, down from their high of $325,000.

As I said in the title oversupply = time to buy.

Contact me or your real estate agent for more info or click here to go directly to the Kahler Glen Real Estate Search

 

**********************************************************************************************************

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.

This entry was posted on Saturday, May 23rd, 2009 at 12:57 pm and is filed under Condominiums, Home Buyers, Real estate market, Vacation Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. MN MLS said at June 11th, 2009 at 1:39 am

   Interesting analysis, Geordie. It’s buying time in here as well.

   Cheers,
   Nicole

2. Geordie Romer said at July 24th, 2009 at 6:45 pm

   Congrats to Tom and Leslie and also John and Cherie who have all decided to buy condos at Kahler Glen. Both families are currently under contract with units along the golf course at prices we haven’t seen in years. (2005-2006)

3. Geordie Romer said at January 2nd, 2010 at 4:15 pm

   Here’s what the Kahler Glen condo supply looks like at the beginning of 2010.

   4 condos sold at an average price of $266,000.
   1 condo is under contract with a list price of $275,000
   2 condos are for sale at an average price of $289,000

   If you are interested in Kahler Glen condos it’s worth taking a look at these two units.

4. Leavenworth Real Estate | Sold Homes December 2009 | Icicle Creek Real Estate said at January 11th, 2010 at 9:22 pm

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

Leave a Reply

Name (required)

Email (will not be published) (required)

Website