Leavenworth Home Prices Summer 2016

There are a lot of opportunities for gratuitous headlines looking at the latest statistics from the Leavenworth real estate market.

"Home Sales Drop 23% in Leavenworth!"
"Leavenworth Home Prices Down 11%!"

While both are true statements, neither paint a particularly true picture of the market. Buyers who are getting beast out in multiple offer scenarios for a house in town, would be particularly surprised by these numbers.

Leavenworth Home Prices Summer 2016

(For the second quarter of 2016, for single family home sales in Leavenworth)

Sold Homes - 23% 47 in 2015 to 26 in 2016
Average Price - 4% $394,000 to $375,000
Median Price - 11% $365,000 to $322,000
New Listings - 17% 138 to 114

In our mind, the lack of new listings and the rising asking prices are tempering buyer enthusiasm. The average Leavenworth home is listed for $647,000 with a median price of $535,000.

These prices are $200-$275,000 more than average and median sales prices!

Inventory numbers confirm this too.

In Q2 of 2016 there were 24 homes sales under $400,000 in Leavenworth and only 12 above $400,000. Currently there are only 32 homes for sale under $400,000 or 4 months of supply, which is considered a seller's market. 

Above $400,000 is a different story. With 67 homes currently for sale above $400,000 there is nearly 17 months of supply or a very strong buyer's market.

New home sales mirror this activity. Spec building activity is minimal in Leavenworth, but for the seven homes newer than 2015 that have been on the market in the past year, the 3 listed for under $400,000 have all sold and those 4 above $400,000 are still listed for sale.

When you look at this Spring compared to years past, the numbers look pretty stable. It's not that 2016 saw a big decline, it's more that we are nearly in line with years like 2014 and 2013.

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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.

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Allyson and Geordie Romer

Leavenworth real estate agents - Allyson and Geordie Romer

For over a decade, Allyson and Geordie have been serving clients in the Leavenworth-area real estate market. Together, they work tirelessly to stay on top of the regional market and present the most relevant opportunities to their clientele.

When not in the office, they can be found exploring the endless recreation opportunities of the area in all of its seasons.

 

Testimonials

 

Geordie provided excellent real estate representation! We appreciated his detailed knowledge of the market, his up front and honest approach, and his negotiation skills.
As reviewed on Zillow  – 

- Laura Anderson

 

 

As “west siders” looking for a getaway near Leavenworth, Geordie provided insight … his knowledge of design features important in a “snowy winter wonderland” was appreciated. Thanks Geordie!
As reviewed on Zillow  –
 

- Jean Stern

 

 

Geordie made this somewhat complicated transition easier for us…going above and beyond to help us work through issues that came up during the sale of our parents home. We appreciated his knowledge, attentiveness to details and his willing spirit.
Our family is grateful for Geordie!
As reviewed on Zillow  – 

- Terry Foster

 

 

Geordie was great in every way. We have been looking in the Leavenworth area for some time, and Geordie was absolutely the best for local knowledge, history and depth on neighborhoods, developments and the local market trends. He was very quick to respond (even when he was on his vacation) and worked very diligently to get all of our questions answered in a very timely fashion. We would recommend him highly to anyone looking to buy or sell a home. Very friendly, and helped us navigate all of the local options before we made an offer on the property that we purchased. Thank you, Geordie!

As reviewed on Zillow  – 

- Ryan Olsen

 

 

It was such a pleasure to work with Geordie and his wife, Allyson on our cabin purchase. They showed us a variety of locations, listened to what we wanted and helped us find the perfect match. Everything was smooth and not stressful, just relaxed and easy. We would definitely recommend Geordie and use him again if the need arises!

As reviewed on Zillow  – 

- Cammie Schlosser

 

Moving to Leavenworth?

Are you looking for a cabin or a condo in Leavenworth that your family can use as a home base when climbing, skiing or hiking around Leavenworth or Lake Wenatchee?

Maybe you rent a house here and have decided to stay, surprised how a summer of rafting somehow turned into seven years.

Maybe it’s time to escape the hustle of the big city (and its rain) and move to Leavenworth with its four seasons.

Maybe you bought a condo years ago, don’t seem to use as much, and it’s time to sell.

Whatever your motivation, we are here to help. If you are buying a home, the best place to start is with our Homebuyer’s Guide to Leavenworth.