Leavenworth Washington Home Prices Summer 2016

(For readers with a keen eye, you will note that our July report referred to Q2 data as "summer home prices." That report was really talking about SPRING prices in Leavenworth and the report you are reading now is the actual summer home price data.)

In the summer of 2016, Leavenworth Washington home prices continued on the path we have seen for the past year or more. Demand remains strong and inventory fairly low.

The number of new listings that came on the market in Leavenworth was identical to the summer of 2015, but since we had a dearth of listings coming into summer it meant not enough homes for sale.

The number of pending sales was up 19% to 50 transactions, but the number of actual closed sales was down 14% from 55 to 47 sold homes. Both average and median home prices continue to creep up.


Leavenworth Washington Home Prices Q3 2016

Looking over the longer term, the year-to-date numbers are fairly stable. The average home price is up from $382,000 to $399,000 (a 4% gain) while the median home price is stable ($351,000 down to $349,000).

The activity within the city limits of Leavenworth has been the talk of the town this year. Twenty-one homes have sold in the first three quarters of the year and only eight homes are currently listed for sale. This gives us 3.5 months of inventory, which is low, but not astronomically so.

It's the pricing of homes for sale compared to the homes that are selling that is the real shocker. The median price of the eight homes for sale in town is $399,000 while the median price of the homes sold this year is only $328,000. (A 22% difference) The average price of a home for sale is $525,000 while the average home sold for $336,000. This is a whopping 56% increase.

Just because inventory is limited, doesn't mean that the sellers name their price. The demand for homes under $400,000 remains high and the demand for intown homes over $500,000 remains quite low.

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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.