Leavenworth Real Estate

My Metrics – Leavenworth Real Estate Edition

Despite the so called “death of print media” we still subscribe to a number of magazines in our household. I enjoy Fortune magazine and one of the regular columns they have is called “My Metrics”.   Each issue, some analyst or economist shares a hidden secret about some number that they use to determine how the economy is doing or how a specific business is doing.

I thought I’d share with you a metric that I think is key to understanding the health of the Leavenworth real estate market. 

It really boils down to this…

Did 10 homes sell last month?

In the chart below, we have the data from 2008, 2009 and 2010.

• Months with 10 sales or more have a green arrow
• Months with 9 sales (almost good!) have a black arrow
• Months with less than 5 sales have an orange dodo (bad!)

 

 

So let’s look at the sales year by year.

2008

3 great months, 3 good months and 1 bad month

2009

1 great month, 1 good month, and 6 bad months

2010

0 great months, 3 good months, 1 bad month

2011

Looks like we get another January dodo.. only 4 homes sold last month.

 

As we move through 2011, watch the number of sold homes in Leavenworth each month.  To me it looks like 2009 was our worst year, what do you think?

 

 

 

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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.

This entry was posted on Saturday, February 12th, 2011 at 2:17 pm and is filed under Home Buyers, Home Sellers, Leavenworth Real estate market. 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. Brian Porter said at February 14th, 2011 at 10:00 pm

   I agree that 2009 was the worst year for real estate. In 2010, at least we got a little boost from the tax credit. I also think that sellers with equity have come to terms with the new paradigm. In 2011, we may have another leg down, but at the lower prices, buying will make more sense.

2. Geordie Romer said at February 15th, 2011 at 4:22 pm

   Brian- I don’t know that we got much of a boost from the tax credit here in Leavenworth. We do sell a handful of homes to first time buyers, but mostly it’s vacation homes. Ironically, the tax credit should have helped the Wenatchee market, but they seemed to have a decent 2009 and a poor 2010.

3. Record July Home Sales in Leavenworth - Icicle Creek Real Estate said at August 2nd, 2012 at 11:02 am

   [...] I have noted in the past ten is the magic number of home sales for Leavenworth in my book. Any month with ten or more sales [...]

4. Has the Leavenworth Real Estate Market Recovered? » said at November 12th, 2012 at 6:46 pm

   [...] As I have mentioned before on this blog, 10 homes selling per month is a good metric to measure sales activity and demand. I have been waiting for a time when we saw multiple months in a row of 10 or more home sales in Leavenworth. We saw that in Leavenworth this summer, which is a great sign that buyers have returned to the market. [...]

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