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Buying a Leavenworth Condo?

 

Buying a condo in Leavenworth this year? Here are 5 things to consider:

 

Do you want to use your condo as a vacation rental? In the city limits and the Urban Growth Boundary of Leavenworth this means the condo needs to be zoned for commercial use. Condominiums in residential areas may be rented on a monthly basis, but not nightly or weekly. Condominiums at Granite Court, along Whitman and Prospect Streets, and up Titus Road all fit into the category of non-commercial condos. Without looking at a zoning map, you can safely assume that any condo located North of Highway 2 in Leavenworth is not zoned for commercial use. If you want to a condo as a vacation rental good options include Aspen Suites at Icicle Village, River Park Condos, Haus Wunderbar or the Amadeus Suites.

Do you want your condominium on a golf course? In addition to golf, in Leavenworth this means xc skiing in the winter on the golf course. There are two courses in the Leavenworth area with nearby condos. Kahler Glen, near Lake Wenatchee has the Kahler Glen Condos and also the Natapoc townhouse units. The Leavenworth Golf Club also has condominiums nearby at the 17th Fairway and Summer Green.

 

 

 

Do you want to walk into downtown Leavenworth from your condo? Options would include the River Park Homes in downtown Leavenworth, Amadeus Suites, Aspen Suites at Icicle Village Resort or Haus Wunderbar. The condos at Kahler Glen are 30-45 minutes away and the Leavenworth golf course condos are a short drive too.

 

 

 

 

How much room do you need in your condo? In the past the majority of condos sold in Leavenworth were 1 or 2 bedroom units averaging about 1000 square feet. With many of the new projects going in we are seeing units in the 1500 square foot range and more bedrooms. Expect to pay a premium for more than 1000 square feet and more than 2 bedrooms.

 

For the first time condo buyer parking can be a real issue. If this is going to be a primary residence, you may not have the three car garage you are used to. Single car carports are more common and there may be much less storage than you are used to.

New or Used? 2007 is going to be the “year of the new condo” in Leavenworth. New construction projects can be found all over town – Titus Road, River Park Condos, Aspen Suites, the long awaited Haus Wunderbar, Alpensee Strasse. For more budget conscious buyers there will also be a few existing condos that come on the market throughout the year.

 

Search all current Leavenworth Condos for Sale

Cruise Ship Condos

Condominiums have been a popular seller here in Leavenworth and in Kahler Glen for some time. There are even four new condo projects being built here as I type.

I just read that about a new cruise ship, Magellan that will be selling on board “condos.” The ship is at sea year round visiting exotic ports and units are priced between $1.8 million to $8 million. A one month fractional ownership is a mere $156,250.

If you are thinking about buying one of these condos give me a call first. I could find you something nice on the water in Leavenworth for a little less :)

National Records in Condo Sales

According to data recently released by the National Association of Realtors, condominiums sold at a record pace in 2004. A total of 970,000 condos sold last year at a median price of $193,600. The volume was up 8% while median price was up 17%. (Single family homes rose 8.3%) Median price for condos in the West was $246,100, up 14.5%.

I can’t say these numbers suprise me. We had a decent stock of available condos in the Leavenworth and Lake Wenatchee area for the first half of 2004, but all available units sold in the last half of the year. We currently only have 1 condo on the market in Leavenworth.

If you have a condo to sell, please call me right away. I have buyers contact me all the time looking for condos, especially in Kahler Glen.