Leavenworth Real Estate Blog

2017 Leavenworth Condo Shortage

Geordie Romer
on February 12, 2017

In the past year or two, the demand for Leavenworth real estate has skyrocketed and the supply has dwindled. This is especially true in the Leavenworth condominium market leaving us with a Leavenworth condo shortage for 2017.

Why do we call it a Leavenworth condo shortage?

In the past 12 months a total of 30 condominiums have sold in the Leavenworth zipcode.  The median sales price was $217,000 and the majority (22) of these condos sold for less than $300,000.

As of February 2017, there are only 4 Leavenworth condos for sale. Only a single condo is listed for under $300,000 and the median list price is $359,000 or $142,000 MORE than the median sales price.

(click here to see recent Leavenworth condos sales )

At the current rate of sales, there is less than a 2 month supply of condos and less than 1 month supply of condos less than $300,000 which are the most popular with buyers.

When there is less than 6 months of housing supply, it is called a seller's market. For 2017, I think it's fair to say that we have a Leavenworth condo shortage.

Do you own a condo in the following areas? It probably is a great time to sell 

leavenworth condo shortage

Alpine Village

These 2 bedroom units are just on the edge of downtown Leavenworth just off Icicle Road and are popular for vacation homes or vacation rentals. In the past 12 months, 5 condos sold at Alpine Village between $207,000 and $238,000.  We currently have multiple clients looking to purchase a condo in Alpine Village in 2017.

kahler glen condos

Kahler Glen

Condos at Kahler Glen include the 2 bedroom Kahler Glen condos and the 2 and 3 bedroom Natapoc townhouses. In 2016, 7 condos sold at Kahler Glen and an additional 2 townhouses sold at Natapoc. Already in 2017, we have seen 2 Kahler Glen condo sales.  Updated 2 bedroom condos at Kahler Glen are selling for around $200,000.

900 main street Leavenworth WA

Riverpark Homes aka The Yellow Building

The large 2 bedroom condos at Riverpark Homes are popular because of their downtown location at 900 Main Street close to shopping, restaurants and Leavenworth festivals. The 4 story building features underground parking and all units have balconies looking out to town and the mountains. In 2014, 2015, and 2016 we saw only a single unit sell in this building each year.

 

 

If you are considering selling a Leavenworth condo or wondering how the Leavenworth condo shortage has effected the value of your condo, please reach out to Geordie or Allyson 

 

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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.  

 

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.