1st Quarter Leavenworth Home Prices
The Leavenworth real estate market continued a trend in the first months of 2012 which we’ve seen for some time now.
Prices continue to be a little lower and the number of home sales continues to climb.
1st Quarter Leavenworth Home Prices
Median Leavenworth Home Price:
1st Quarter 2012: $273,000 down from $338,000 in 2011. (-19%)
Average Leavenworth Home Price:
1st Quarter 2012: $326,000 down from $355,000 2011. (-8%)
Number of Homes Sold:
1st Quarter 2012: 20 up from 17 in 2011. (+18%)
Additional Thoughts:
5/20 or 25% of these sales were distressed sales. The number of distressed sales for the rest of 2012 is likely to be much less.
Inventory is down. There were 12% less listings on the market this year compared to the beginning of 2011.
Home prices tend to bounce around from quarter to quarter. The chart below shows a less dramatic shift.
Leavenworth Annual Home Prices
(2009-2011 Median Home Prices down 6.5% Average Home Prices down 9%)
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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.
