Leavenworth Real Estate
Kahler Glen Condos 2009
This article was originally published in May 0f 2009. It is archived here for your convenience.
Over the past five years we have seen relatively few condos at Kahler Glen come on the market and even less of the Natapoc units on Clubhouse Drive. This scarcity has caused prices to climb up and up and up. In 2005, 2006, and 2007 all the units that came on the market were sold.
In early 2008, I had a client ask about Kahler Glen Condos and I helped him find one, even though there weren’t any listed. We were able to get one for $325,000 which included a membership to the Kahler Glen Athletic Club . A few months later another agent listed a unit for $369,000. (Which has not yet sold.)
Unfortunately for Kahler Glen Condo owners more units came on the market in 2008 as our real estate market was quieting down and the stock market was taking a nose dive. As more units came on the market, and no condos sold, the sellers had to adjust their prices.
In 2008, 3 Kahler Glen Condos were listed on the MLS and in 2009 an additional 2 were added to the list.
I scratched my head trying my best to make a chart that shows this classic give and take between supply and demand.
- Kahlen Glen Condo Sales
As of May 2009, there are 5 Kahler Glen Condos for sale in addition to one of the newer Natapoc units. The condos range in price from $279,900 to $300,000, down from their high of $325,000.
As I said in the title oversupply = time to buy.