2015 Leavenworth condo prices had a slight uptick in both average and median prices compared to 2014. Overall the market is very stable without the huge growth in prices or number of sales that we have seen among single family homes. The average Leavenworth condo sold for $222,000 with a median sales price in 2015 of $207,000. Twenty-six condos sold compared to twenty-eight units that sold in 2014.
Geordie Romer's blog
When exploring home price trends in real estate, it's common to use two different numbers to describe what is going on.
Is there a difference between Leavenworth average home prices and median home prices?
The median home price:
"denoting or relating to a value or quantity lying at the midpoint of a frequency distribution of observed values or quantities, such that there is an equal probability of falling above or below it"
It continues to be a very busy year and Spring 2015 Leavenworth home prices made some big gains. The big number that sticks out is the number of home sales in the second quarter. As you can see, 47 closed sales from March to June of 2015 is a record in recent history beating out peak years like 2006. More dramatically, it was 3 times the number of homes that sold in the spring of 2009.
Leavenworth home prices for 2015 first quarter remain relatively stable compared to past years. The average sales price for a single family home in Leavenworth (excluding condominiums) was $385,000 up 8% from $355,000. Meanwhile, the median home price was down to $332,000 from $363,000 (down 8%). First quarter numbers haven't been a great predictor of trends, but it is nice to see a strong start in the number of closed sales for the first 3 months. Twenty-two homes sold in Leavenworth which is the biggest first quarter since 2008.
They Probably Aren't In Your Policy (But Should Be!)
Guest Post By Eric Kossian
Over the past decade we have had the opportunity on this blog to chronicle some extreme swings in the Leavenworth Washington real estate market.
In the first few years of this blog we were charting the amazing upswing of home prices and quick sales of the boom years from 2004-2007.
In the following years, we wrote about the numerous failed condo projects that went up for auction or sold as short sales.
2014 Leavenworth home sales didn't break any new records, but it was another solid year.
The total number of single family homes that successfully closed in Leavenworth in 2014 was 122 . This is slightly down from 138 in 2013, but much improved over the recession years of 2008-2011.
Pricing is slightly down as well. The average single family home sold for $350,000 which is down from $378,000 in 2013. The median home price however was stable at $326,000.
Leavenworth had a good summer of home sales and Leavenworth home prices are mostly stable, although we did see a small drop in the average home price this quarter. The number of homes that sold in Leavenworth in the 3rd quarter is up 16% from 2013. 42 homes sold compared to only 36 last year. Year over year we are mostly on par with 2013. 93 homes sold last year and 91 have sold in the first 3 quarters of 2014. Home prices are much improved from the bottom of the market in 2009 and mostly the same as 2013.
Update Monday October 6, 2014 - Fish Lake Safe for Swimming
It is now safe to use Fish Lake but swimmers should still be cautious, say officials with the Chelan-Douglas Health District. Levels of the liver toxin microcystin, caused by an algae bloom, have gone down to healthy levels, officials said Friday. Late last month, levels had been as high as 785 micrograms per liter, more than 100 times the threshold of 6 micrograms per liter for human safety. The levels are now down to less than the threshold.
September Update - Leavenworth Forest Fire September 14, 2014
The Tumwater Fire in Leavenworth is currently burning in steep terrain at the edge of town above the Heidleburger Restaurant and above Marson Drive, west of Ski Hill Road. There are a few helicopters with water buckets working the fire as well as hand crews. Marson Drive is on a level 1 evacuation notice, but no structures are directly threatened at this time.
Tumwater Fire Update
Release Date: Sep 16, 2014
Tuesday, September 16, 2014 – 9 a.m.