Leavenworth Real Estate

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Leavenworth Real Estate | Sold Homes December 2010

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In December, ten homes sold in the Leavenworth area.  No condos sold this month.

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2253 Riffle Drive, Leavenworth

List price: $144,900.  Sold price: $132,000.

Days on Market: 221

0 bedrooms | 1 bath | 600 sqft | .52 acres

A small cabin in the Chiwawa River Pines neighborhood, this home technically didn’t have a bedroom.  It has a small sleeping loft and one main living area.  This home was a foreclosure.  It had previously been listed in Sept 2008 with an original list price of $325,000 and was on the market for 368 days.

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23900 Alder Creek Road, Leavenworth

List price: $154,900.  Sold price: $150,000.

Days on Market: 147

1 bedrooms | 1 bath | 1200 sqft | 20 acres

This property was originally a garage and about half of the area converted into living space.  The property is not accessible by car in the winter.   This was a foreclosure property and was originally listed for $214,000.  It came on the market previously in March 2010 with a list price of $468,000.

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915 Pine Street, Leavenworth

List price: $209,900.  Sold price: $180,000.

Days on Market: 225

3 bedrooms | 1 bath | 1553 sqft | .14 acres

An older home built in the 1930′s, it has some upgrades and refinished wood floors.  It originally came on the market with a list price of $239,000.  This property was part of a bigger parcel that sold in June 2010 for $200,000 and consisted of a church, this house, and .45 acres in 5 platted lots.

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193 Mine Street, Leavenworth

List price: $269,000.  Sold price: $249,500.

Days on Market: 92

3 bedrooms | 1 bath | 1584 sqft | .16 acres

Estate sale of a cute home on the west end of town.  This home has an open floor plan and a one car garage.

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9411 Lone Pine Orchards Road, Leavenworth

List price: $399,000.  Sold price: $375,000.

Days on Market: 152

3 bedrooms | 3 bath | 1964 sqft | 1.25 acres

This house is located between Peshastin and Leavenworth off of Hwy 2 on the Wenatchee River.  The house  was built in 1980 and still has most of the original finishes.  It also has a large three car attached garage plus an additional detached garage.  This was a guardian estate sale.

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10404 Eagle Creek Road, Leavenworth

List price: $439,000.  Sold price: $383,637.94.

Days on Market: 638

3 bedrooms | 2 bath | 1829 sqft | 2.04 acres

A three bedroom rambler built in 2001, the property has an extensive garden and also borders Eagle Creek.  When the home originally came on the market the list price was $529,000.  The strange selling price is due to repairs negotiated during the inspection response.

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19830 Hwy 207, Leavenworth

List price: $509,000.  Sold price: $512,000.

Days on Market: 42

4 bedrooms | 2 bath | 2772 sqft | 12acres

A newer construction home built in 2008, the home has a large, open living space.  We were surprised to see this home back on the market since it just sold in November 2010 for $507,000.  We were also surprised to see it close so quickly since it had been on the market previously since 2008.  The home sits in the flood plain and while the property borders Nason Creek, you cannot see the creek from the house.

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10390 Eagle Creek Road, Leavenworth

List price: $595,000.  Sold price: $579,000.

Days on Market: 257

4 bedrooms | 3.5 bath | 3807 sqft | 5.01 acres

A large home up Eagle Creek Road built in 2006.  This home sits on the hill side and most of the acreage is sloped, but does afford a nice view of the surrounding area.  The home originally came on the market with a list price of $644,900.

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16437 River Road, Leavenworth

List price: $599,000.  Sold price: $565,000.

Days on Market: 514

3 bedrooms | 2.25 bath | 2300 sqft | 1.26 acres

A beautiful home on the Wenatchee River in Plain, the home has a nice interior with lots of tongue and groove wood decor.  The home originally came on the market with a list price of $875,000.  It is one or two lots removed from the railroad tracks.

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8255 Mountain Home Road, Leavenworth

List price: $985,000.  Sold price: $850,000.

Days on Market: 214

4 bedrooms | 3 bath | 4800 sqft | 32.72 acres

This log home at the top of Mountain Home Road has unparalleled views of the Enchantments.  The property is horse friendly with a huge barn and fencing.  The home is not accessible in winter by car.

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More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for November 2011
• Click Here to See Cashmere Sold Homes for December 2011
• 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.

 

 

 

Leavenworth Home Prices for 2011

Home sales in Leavenworth and Lake Wenatchee continued to chug along in the 4th quarter of 2011 and I don’t think anyone was particularly surprised with the results.

All in all, 2011 looked a lot like 2010.

The median home price in Leavenworth fell from $310,000 to $307,000. This is down 12% from a peak of $349,000 in 2008

Average home prices in Leavenworth fell from $362,000 to $353,000. This is down 15% from a peak of $415,000 in 2007.

The total number of home sales is up this year from 84 to 86, but down considerably (47%!) from 162 in 2007.

 

What can we expect in 2012?

I actually think my predictions for 2010 still hold true in 2012..

Here’s what I said at the end of 2009.

• I would guess prices will continue to muddle along. Some neighborhoods will see price drops and others won’t.
• Condo inventory will clear out.  I would guess that foreclosure or auctions will be part of this equation. ( We have two holdout projects still from 2007.)
• The overall number of foreclosures and short sales will remain low.
• Demand and prices for premium locations (waterfront properties) will remain strong.

 

 

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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.

 

Leavenworth Foreclosure Report 2011

Foreclosures, short sales, bank owned properties (REOs) and distressed sellers continued to be an important part of the national real estate landscape in 2011. However, despite all the press, these distressed sales had very little effect on the Leavenworth real estate market.

How little?

Of the 98 single family homes and condominiums that sold in 2011 in Leavenworth and Peshastin (including Lake Wenatchee and Plain) only 4 homes were bank owned properties or short sales.

You read that right. About 4% of Leavenworth home sales in 2011 were foreclosures.

Nationally, about 19% of home sales were distressed sales so we are pretty lucky in that regard.

One of our biggest requests from clients is info about Leavenworth foreclosures. We get it. Everybody wants a good deal.  I am just not convinced that foreclosures are the place you will find the deals locally.

In 2011, the bank owned properties that sold in Leavenworth and Peshastin were an odd bunch:

• huge fixer upper project in Peshastin
• 600 sqft cabin in Chiwawa River Pines
• newer home in rough shape backing to the railroad tracks
• off grid home without winter access

Riverfront properties? None

Houses on Lake Wenatchee or Fish Lake? None

Luxury Homes? Nope – The most expensive house here sold for $204,000 (and this was a house that sold for $250,000 in 2006.) The other three sold for less than $150,000.

How did 2011 compare to 2010?

In 2010 we had 10 distressed sales and that number has dropped significantly.  However, there are 7 distressed sales that are pending/ under contract. 2011′s numbers maybe a little low because these pending sales took so long to close.

We certainly haven’t seen a rash of short sales or foreclosures come on the market. I see no signs nor have I heard anything that would lead me to believe that there is a large amount of “Phantom” inventory owned by banks or likely to be foreclosed on soon in the Leavenworth market.

 

 

 

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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.

 

 

 

Will Your Leavenworth Home Insurance Go Down?

 

State Agency Grants Some In Leavenworth New Lower Fire Insurance Rating

(The following is a guest post by Eric Kossian of Leavenworth Insurance)

 

Some Leavenworth area residents will benefit from Fire Chief Kelly O’Brien’s successful effort to have the rating agency for fire protection classifications reevaluate Fire District #3.

Chief O’Brien was able to prove that those county residents that reside within 5 miles from a district fire station and have a standard fire hydrant should now qualify for a lower rating of 6, to match the 6 rating inside Leavenworth city limits.

 

 The Washington State Rating Bureau verifies the rating for each piece of property in the state for insurance companies. The better the fire protection, the better your insurance rate will be. While Seattle is a class 2, residents inside Leavenworth city limits have had a class 6 for years. However, a house just across the street outside the city limit, was higher, even though they both used the same hydrant and were serviced by the same fire trucks. Kudos to Chief O’Brien for getting that changed effective Dec. 1, 2011; it took several years of diligent effort.

 

This mainly will financially benefit residents just outside town who have had hydrants for years. But it will also affect some of the upper Titus Rd and Ski Hill area residents who had hydrants put in on their streets over the last decade but were outside the city limit, so did not previously qualify for a class 6. It also helps property owners trying to put in subdivisions in those areas.

 

 

 

Those with a rating higher than 6 that are still within 5 miles of a fire station pay a little higher insurance rate.  Those beyond 5 miles from a station (Class 9 & 10) pay a 3-5 times higher fire insurance premium than inside the city (Class 6), due to the higher risk of total loss of a remote property.

 

If your location was affected by the rate revision, your insurance premium should automatically go down, by your renewal at the latest, if your property was affected.

Click here to read the Fire District’s press release or to see a map of the Fire District.

 

 If you want to get a free report showing your specific fire zone rating for your property anywhere in WA state, feel free to email or call Eric. He has password access to the rating bureau and can email you a copy of the report for your home.

 

Eric Kossian, is an Underwriting Specialist and Agency Principal for Leavenworth Insurance and InsurePro. He can be reached at [email protected] or by calling 1-877-548-5488.

 

Leavenworth Real Estate | Sold Homes November 2011

In November, 5 homes and 2 condos sold in the Leavenworth area.

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335 Whitman Street, Leavenworth

List price: $169,900.  Sold price: $149,500.

Days on Market: 167

3 bedrooms | 1.5 bath | 1689 sqft | .26 acres

A 1910′s craftsman style home in the residential part of town.  It has a two car detached garage and a view of the mountains.  The home is a bit rough around the edges.

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22608 Corral Street, Leavenworth

List price: $259,000.  Sold price: $249,000.

Days on Market: 76

2 bedrooms | 2 bath | 1589 sqft | .42 acres

Cute cabin in the Ponderosa neighborhood in Plain.  The home has a one car garage and backs to community open space.  The home was built in 2008.

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66 Twisted Cliff Lane, Leavenworth

List price: $446,000.  Sold price: $434,000.

Days on Market: 550

3 bedrooms | 3 bath | 2588 sqft | 2.66 acres

Custom built home in the Plain area, the home features a closed in sun room with a hot tub and large grill.  It has an attached 2 car garage plus a detached shop.  The home originally came on the market in May 2010 with a list price of $710,000.

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18370 River Road, Leavenworth

List price: $449,000.  Sold price: $435,000.

Days on Market: 1316

5 bedrooms | 3 bath | 2744 sqft | .84 acres

This home is about a mile down River Road.  It has been on the market since 2007 with differing acreages attached to it.  Originally it came on the market for $719,000 with 5 acres for $719,900.  Next in September of 2008 for $575,000 with .84 acres and an additional listing in December 2009 through September 2010 of 8.84 acres with an asking price of $740,000.  As the house was sold with only .84 acres, the seller has retained 8 acres.

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9864 East Leavenworth Road, Leavenworth

List price: $599,000.  Sold price: $500,000.

Days on Market: 614

2 bedrooms | 2 bath | 1971 sqft | .5 acres

This home is a successful nightly rental known as the Rivendell House.  There is an accessory dwelling unit which is rented out separately from the main home and has a sleeping loft, living room and kitchen.  The property is high bank Wenatchee River waterfront.  It originally came on the market in July 2009 with a list price of $799,000.  It was usually pulled off the market in the winter.

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Leavenworth Condos

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20795 Kahler Drive F-4, Leavenworth

List price: $175,900.  Sold price: $162,500.

Days on Market: 797

2 bedrooms | 1.75 bath | 1266 sqft

A Kahler Condo ground floor unit which has patio access to x-c skiing and the golf course.  This condo originally came on the market in Aug 2009 for $299,000.

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20795 Kahler Drive G1, Leavenworth

List price: $179,000.  Sold price: $175,000.

Days on Market: 82

2 bedrooms | 1.75 bath | 1266 sqft

Ground floor end unit at Kahler Glen.  The condo has a nice mountain and golf course view.

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More Leavenworth Real Estate Info

• Click Here to See Leavenworth Sold Homes for October 2011
• Click Here to See Cashmere Sold Homes for Novemeber 2011
• 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.