Leavenworth Real Estate

Leavenworth Home Prices for 2011

Home sales in Leavenworth and Lake Wenatchee continued to chug along in the 4th quarter of 2011 and I don’t think anyone was particularly surprised with the results.

All in all, 2011 looked a lot like 2010.

The median home price in Leavenworth fell from $310,000 to $307,000. This is down 12% from a peak of $349,000 in 2008

Average home prices in Leavenworth fell from $362,000 to $353,000. This is down 15% from a peak of $415,000 in 2007.

The total number of home sales is up this year from 84 to 86, but down considerably (47%!) from 162 in 2007.

 

What can we expect in 2012?

I actually think my predictions for 2010 still hold true in 2012..

Here’s what I said at the end of 2009.

• 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. ( We have two holdout projects still from 2007.)
• The overall number of foreclosures and short sales will remain low.
• Demand and prices for premium locations (waterfront properties) will remain strong.

 

 

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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 Thursday, January 12th, 2012 at 9:18 am 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.

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