2004 Growth in Local Real Estate
No real surprises here. The Leavenworth and Cashmere real estate markets continued to see great growth in 2004. The average price of a 2 bedroom home in Leavenworth went from $196,000 in 2003 to $210,000 in 2004. 3 bedroom homes went from $260,000 to $295,000. These are gains of 7% and 13.5%. The average home price went from $219,000 to $254,000, a nearly 12% gain. Volume went from 106 to 161 homes – an amazing 52% increase!
Cashmere saw incredible growth too. Average home prices soared 27% from $142,000 to 180,000. Volume was up 38%.
What does all this mean? This is a great time to sell a house! Interests rates remain low and there’s really not much left on the market. If you are even remotely thinking about selling, please give me a call to discuss your options.