Leavenworth Median Home Price At Record Levels for 2015

The Leavenworth real estate market was very strong in 2015 with significant growth in number of homes sold, average home price and median home price.  When it comes to headlines, bigger is better and "Leavenworth Median Home Price at Record Levels" certainly tells an important part of the story. As we expected, strong demand for homes partnered with low inventory caused home prices to rise in Leavenworth in 2015.  The number of homes that sold (159) was nearly on par with boom years like 2005 and 2006. The average price of $382,000 for a single family home in Leavenworth is now at it's highest in five years. It's still not at record levels, but continues to climb. The median price of $350,000 is a new record and eclipses pricing we saw in 2007 and 2008. (For a detailed look at median versus average prices, please see our earlier article.)   As is often the case, some neighborhoods and niche markets did better in 2015 than others. We'll break down the neighborhoods in detail in future articles, but here are some highlights. In modest neighborhoods near Plain like Chiwawa River Pines and Ponderosa Estates, there was a small increase in the number of cabins sold, but prices were down slightly year over year. Mostly this meant that lots of smaller cabins were selling and is not an indicator of a decrease in demand. Homes close to or within the city limits of Leavenworth did very well in 2015. The number of homes sold within the city limits jumped up 60% and the average home price increased 13%. Similarly, we saw a big jump in prices of homes on upper Ski Hill. Both the average and median home prices for 2015 were over $700,000. Only one million dollar home sale was recorded in 2015 in the Leavenworth area, but in general luxury homes above $700,000 have been selling more consistently. In 2015 the number of luxury sales in Leavenworth doubled from 6 homes sold in 2014 to 13 in 2015.

2016 Predictions for Leavenworth Home Prices

Home prices are affected by a number of variables.  If we continue to see strong demand and low inventory like we have seen in the past two to three years, we can expect to see continued growth in both average and median home prices and probably we will surpass records broken in the boom years of 2005 to 2007. However, the overall economy is a big unknown and Chinese weakening economy and the low price of oil have sent some big shocks through the stock market in January of 2016.  It's been our experience that vacation home sales are tied to consumer confidence, so an uncertain stock market will not likely be good for the Leavenworth real estate market. In our opinion, there are no local factors that will cause a change in market trajectory for Leavenworth real estate.  Forces on a global scale could certainly impact real estate markets, but it is probably too soon to tell.   ********************************************************************************************************** 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.