In July, eight homes and one condo sold in Leavenworth.

232 Center Street, Leavenworth

List price: $229,900.  Sold price: $175,000.

Days on Market: 439

3 bedrooms | 1 bath | 976 sqft | .16 acres

Small Leavenworth rambler that has had a number of additions over the years.  I believe the house was listed with a Seattle area agent for a time, so the days on market is actually higher.

1213 Front Street, Leavenworth

List price: $499,900.  Sold price: $180,000.

Days on Market: 514

4 bedrooms | 1.75 bath | 2411 sqft | .16 acres

This 1914 classic home definitely has had a rough go.  Last sold in 2006 for $416,000, it came back on the market in Sept of 2008 for $499,900, then the bank took possession of it in the summer of 2009.  It went thru a few Fannie Mae auctions and failed to sell due to low bids.  The house is zoned commercially and can be used as a nightly rental, which was the original owners intent.  However, from what I heard, the city required sprinklers in every room to authorize it as a nightly rental and was going to make the owner of the home pay for upgraded sewer along Front St so there was enough pressure to run the sprinklers.  During foreclosure, an issue with the front porch came up where it was possibly going to have to come off due to foundation issues.  There was no guarantee that the front porch, once removed could be rebuilt due to “bavarianization” laws in the commercial zoning district.  All in all, it proved a hard sell, and while it got us some great clients, we were not the selling agents.

22507 Saddle Street, Leavenworth

List price: $289,500.  Sold price: $217,950.

Days on Market: 257

1 bedrooms | 1 bath | 1313 sqft | .29 acres

Located in the Ponderosa Estates neighborhood, this home has been on and off the market since 2007.  While listed as a one bedroom, the home also has a very large loft that could be used as another room.

247 Prospect Street, Leavenworth

List price: $329,000.  Sold price: $235,000.

Days on Market: 407

4 bedrooms | 3 bath | 2112 sqft | .21 acres

Large, 1970’s home in Leavenworth with an open floor plan.  There is a very large master bedroom upstairs and three bedrooms on the main floor.  The garage had been converted so there was no covered parking.

8210 Riverview Road, Peshastin

List price: $428,876.  Sold price: $263,000.

Days on Market: 1048

3 bedrooms | 2 bath | 2400 sqft | .26 acres

This house in Peshastin has a small view of the river and also has a large detached shop.  The basement has an additional kitchen which could potentially allow it to be a separate rental.

2324 Kinnikinnick Drive, Leavenworth

List price: $325,000.  Sold price: $307,000.

Days on Market: 29

3 bedrooms | 1.50 bath | 1279 sqft | 1.02 acres

Cute cabin in Chiwawa River Pines that was originally an A-frame that had a few additions.  In addition, there was a separate bunk house with loft and a few outbuildings for snowmobiles.

9030 Icicle Road, Leavenworth

List price: $596,000.  Sold price: $441,750.

Days on Market: 323

3 bedrooms | 2 bath | 1825 sqft | .37 acres

This is a 1960’s home with high bank Wenatchee River frontage.  It has a nice back deck to take in the view.

12490 Shore Street, Leavenworth

List price: $550,000.  Sold price: $500,000.

Days on Market: 115

4 bedrooms | 3.5 bath | 3212 sqft | 2.11 acres

Large home at the end of Shore Street.  It has nice mountain views and a tennis court.

Leavenworth Condos

900 Main Street #302, Leavenworth

List price: $285,000.  Sold price: $260,000.

Days on Market: 283

2 bedrooms | 2 bath | 1100 sqft |

Interior unit at Riverpark in downtown Leavenworth.  This unit last sold at the auction.

More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for June 2010
• Click Here to See Cashmere Sold Homes for July 2010
• Click Here to Search for Leavenworth Homes for Sale

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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.

This month eight homes and one condo sold in the Leavenworth area.

915 Pine Street, Leavenworth

List price: $325,000.  Sold price: $200,000.

Days on Market: 364

3 bedrooms | 1 bath | 1552 sqft | .45 acres

This is a multi-building property that included a 3 bedroom home and a former church all on 5 1/2 city lots.  It will be interesting to see what happens with this property.

12774 Wilson Street, Leavenworth

List price: $209,800.  Sold price: $220,000.

Days on Market: 60

3 bedrooms | 2 bath | 1384 sqft | 1.06 acres

This house was a foreclosure with multiple offers.  This house last sold in Jan 2007 for $300,000.  The new owner then put it back on the market two months later in March for $439,900.

8449 Mountain Home Road, Leavenworth

List price: $310,000.  Sold price: $310,000.

Days on Market: 60

2 bedrooms | 1 bath | 1152 sqft |  7.27 acres

Cute cabin in the woods.  In the winter, the house does not have road access.  It is snowmobile or ski in.

23095 Lake Wenatchee Highway

List price: $450,000.  Sold price: $407,500.

Days on Market: 77

3 bedrooms | 2 bath | 1822 sqft | .45 acres

Great cabin across North Shore Dr from Lake Wenatchee.  Lake and beach access are across the street.  The house had a large basement with another family room for entertaining.

12275 Village View Drive, Leavenworth

List price: $699,000.  Sold price: $495,000.

Days on Market: 617

4 bedrooms | 2.5 bath | 2635 sqft | .57 acres

New construction home on Ski Hill outside the city limits.  Nice view of Wedge Mountain.  The house was on the market during construction.

14132 Idlewild Road, Leavenworth

List price: $549,000.  Sold price: $745,000.

Days on Market: 244

2 bedrooms | 1 bath | 2232 sqft | .31 acres

This cabin is on Fish Lake.  The house was sold with an adjoining waterfront lot, which is why the sales price is higher than the asking price.  Originally the house was listed for $875,000 which included the lot.

6310 Campbell Road, Peshastin

List price: $685,000.  Sold price: $540,000.

Days on Market: 1317

3 bedrooms | 2 bath | 2103 sqft | 40 acres

This house has been on the market since October 2006.  The whole property consisted of 100 acres, in five 20 acre parcels and was listed for $1,600,000.  Over the years they have tried to sell the property a variety of ways; the house plus 20 acres for $775,000 & again at $499,000, the remaining lots separately for around $225,000, the house plus 40 acres, etc.  It is a very private setting on the Peshastin side of Mountain Home ridge.

8156 Icicle Road, Leavenworth

List price: $799,000.  Sold price: $742,000.

Days on Market: 55

4 bedrooms | 3.5 bath | 4168 sqft | 1.01 acres

Custom home out Icicle Road on an acre.  The apartment above the garage had a view of Wedge Mountain.  A buyer was waiting in the wings for this house and it was under contract quickly.

Leavenworth Sold Condos

900 Main Street #303, Leavenworth

List price: $400,000.  Sold price: $245,000.

Days on Market: 1124

2 bedrooms | 1.75 bath | 1096 sqft |

One of the last remaining condos in the building still with developer.  This is an interior condo on the third floor.

More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for May 2010
• Click Here to See Cashmere Sold Homes for June 2010
• Click Here to Search for Leavenworth Homes for Sale

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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.

What do you think of Leavenworth condos under 275K? It seems to me there are an awful lot of those for sale now. Some of the Ski Blick are under 275, there are 3 Alpine condos, etc.

Thanks for the great question David.

The Leavenworth condo market isn’t a monolithic group. It is made of many sub-sets and buyers usually aren’t willing to move from one sub-set to another. For example, if you want a condo at the Kahler Glen golf course you wouldn’t trade for one in town, just because the price is less.

Currently we have 25 condos for sale under $275,000 in the Leavenworth area.

6 condos are for sale at the Kahler Glen Golf and Ski Resort near Lake Wenatchee.

6 Condos are for sale at Ski Blick on Titus Road. (cannot be used as vacation rentals.)

5 of the condos are in other developments that cannot be used as vacation rentals.

3 are at 475 Alpine Place (of the 6 total units in that development)

2 are at 575 Alpine Place

3 are at other developments that can be rented as vacation rentals

The easiest groups are Kahler Glen vs Leavenworth (6 and 19) or vacation rental vs non-vacation rental (14 vs 11) or best yet a combination of all 3.

Kahler Glen 6

Leavenworth non-vacation rental 11

Leavenworth vacation rental 8

Now let’s look at which 19 condos have sold in Leavenworth in the last 12 months:

5 at Kahler Glen

6 at Cascade Crest (1107 Front Street)

2 at 525 Alpine Place

2 at Ski Blick

4 non-vacation rental

If we break it down into our 3 main categories as before:

Kahler Glen 5

Leavenworth non-vacation rental 6

Leavenworth vacation rental 8

Are condos in Leavenworth under $275,000 in a buyers market?

You bet, but some are more than others:

Kahler Glen: 14 months of supply

Leavenworth non-vacation rental: 22 months of supply

Leavenworth vacation rental: 12 months of supply

What about condo prices?

Average SELLING price of Kahler Glen Condo: $266,000

Average SELLING price of Leavenworth non-vacation rental: $174,000

Average SELLING price of Leavenworth vacation rental condo: $228,000

What do you think is the best value in the Leavenworth condo market today? I’d love to hear your thoughts.

(Want to look at current condos for sale? Click here Leavenworth Condos for Sale )

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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.

But even our small market in Leavenworth is made of a number of different sub-markets and neighborhoods and while we may have an oversupply of condos at Kahler Glen, properties for sale on Lake Wenatchee are pretty rare.

With that in mind, we created a chart to help consumers sort this out:

Chart: Is Leavenworth a Buyer’s Market or a Seller’s Market?:

What do you think? Does this represent the number of real estate signs you’re seeing around town?

Before we get to May, there was one additional house that closed in April but was not reported as sold until May.

20689 Miracle Mile, Leavenworth

List price: $698,800.  Sold price: $480,000.

Days on Market: 818

4 bedrooms | 4.25 bath | 3128 sqft | .39 acres

This is a large home in Kahler Glen that backs to the 18th fairway and a pond.  It was used as a nightly rental and could accommodate a large number of guest and as set up to be business retreat.  The sellers were a non-profit organization who were gifted the house when the previous owners couldn’t sell it.

May Sold Homes in Leavenworth and Lake Wenatchee: 

This month 5 homes and 1 condo sold.

8475 Lake Street, Peshastin

List price: $135,000.  Sold price: $135,000.

Days on Market: 38

3 bedrooms | 1 bath | 1452 sqft | .11 acres

This starter home in Peshastin went pending the first day it was on the market.

21829 Pinto Lane, Leavenworth

List price: $354,500.  Sold price: $275,000.

Days on Market: 211

2 bedrooms | 2 bath | 1200 sqft | .26 acres

New construction home in the Ponderosa Neighborhood near Plain.

12790 Pobst Place, Leavenworth

List price: $439,000.  Sold price: $360,000.

Days on Market: 261

0 bedrooms | 1 bath | 500 sqft | 5.01 acres

This house was a converted garage with a loft.  The acreage was nicely forested, backed to Forest Service property, and had a small creek.

12789 Spring Street, Leavenworth

List price: $699,000.  Sold price: $419,000.

Days on Market: 1175

3 bedrooms | 2.5 bath | 2096 sqft | 1.0 acres

This house has interesting design with three different levels of living space.  It also has a two car garage and accessory dwelling unit that was used as a rental.  Sellers went through three different agents and ended up chasing the market down.

17801 North Shore Drive, Leavenworth

List price: $750,000.  Sold price: $522,000.

Days on Market: 546

2 bedrooms | 1 bath | 840 sqft | .34 acres

Older cabin on the lake with 75′ of waterfront and a dock.  The lot didn’t really have a driveway down to the house and most of the value was in the lot.

Leavenworth Condos

138 West Whitman Street #2, Leavenworth

List price: $215,000.  Sold price: $133,000.

Days on Market: 271

2 bedrooms | 2.5 bath | 1066 sqft

This is a non-nightly rental condo in the residential part of Leavenworth.  Two of its sister condos sold in Feb 2010 for $129,000.  There is currently still one condo similar to this one on the market.

More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for April 2010
• Click Here to See Cashmere Sold Homes for May 2010
• Click Here to Search for Leavenworth Homes for Sale

**********************************************************************************************************

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.