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.

305 Cottage Avenue, Cashmere

List price: $259,000.  Sold price: $156,000.

Days on Market: 820

3 bedrooms | 2 bath | 1744 sqft | .21 acres

Classic Cashmere home on Cottage Ave, this home was on the market a LONG time and finally sold in a short sale situation.  House has a nice backyard with alley access but steep stairs to the second floor and is a bit dated.

8978 Motel Road, Dryden

List price: $250,000.  Sold price: $245,000.

Days on Market: 137

3 bedrooms | 1 bath | 2309 sqft | 2.90 acres

This home was a foreclosure sale and the bank gave the buyer an additional $5000 in closing costs.  The house was previously on the market in a short sale situation for 310 days with an initial asking price of $439,000 and they ended at $320,000 before the bank got it.

5600 Weatherend Drive, Cashmere

List price: $570,000.  Sold price: $259,000.

Days on Market: 505

4 bedrooms | 1 bath | 2324 sqft | 3.10 acres

Turn of the century home within the Cashmere urban growth boundary.  The property is zoned Suburban Residential and might have the potential to be developed into residential lots.  This potential was reflexed in the initial asking price.  The land also borders Brender Creek.

207 Paton Street, Cashmere

List price: $309,000.  Sold price: $279,000.

Days on Market: 310

4 bedrooms | 1.75 bath | 2610 sqft | .26 acres

Large 1950’s home on a quiet tree lined street a short walk from downtown.  The home has nice wood floors, updated kitchen and backs to Mission Creek.

5804 Evergreen Drive, Cashmere

List price: $377,000.  Sold price: $325,000.

Days on Market: 407

4 bedrooms | 3 bath | 2887 sqft | 1 acre

Large rambler on an acre just outside the city limits.  The property includes a large 2 car garage with 3 car carport and has irrigation rights.

More Leavenworth and Cashmere Real Estate Info

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

Let’s start with a chart comparing Q2 of 2010 to previous years.

• The number of sales this quarter was up 50% from last year’s dismal numbers.
• The number of sales is still 50% of 2006’s stellar numbers
• Home prices have remained fairly flat over the past few years.

What numbers are missing from this chart?

• The number of pending sales (contracts agreed to) is nearly identical from 2009 to 2010. This may not be a good sign for the rest of summer.
• We have a record number of homes on the market in Leavenworth. Buyers have more choices than ever before. On July 9th, 2010 we reached the 200 homes threshold.

As I mentioned over on our Facebook page, I would rather be a buyer than a seller in the Leavenworth market. On the other hand I’d rather be selling a home in Leavenworth than trying to sell one in Cleveland, Detroit, Las Vegas or Phoenix.

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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?

Maybe everyone else already knows this, but I just learned this week, that a person can actually sell their home through a short-sale and immediately buy a new home with FHA financing !!  I was shocked.

  Here are the general limitations:

 1)    The client must stay current on their payments through the short sale

2)    Client must have been current on all their payments for the 12 months leading up to the short sale

 3)    They can’t be using the process to just take advantage of low home prices in their market – in our scenario, the buyer was taking a new job and relocating.

So this could work for someone who is transferring into our area but thinks they are stuck upside down in their current home.

I have attached the FHA letter.

If someone was delinquent going into a short sale, they would have to wait 3 years to be eligible for a new mortgage.

Call or email with any scenarios.