2012 Leavenworth Home Prices
It’s time for our year end review of 2012 Leavenworth home prices.
Overall, 2012 saw continued improvement for the Leavenworth real estate market. We saw a huge uptick in volume of sold homes, both in the number sold and the total dollar value of those homes.
As you can see from this chart, 2012 was a big improvement from 2009-2011.
We are still seeing a little bit of softening of prices with both average and median 2012 Leavenworth home prices lower than in 2011. The average home price in 2012 was down to $336,000 which is down 5% from last year’s average home price of $353,000. The median price is down as well, to $300,000 which is down about 2% from last year’s $307,000.
As you might guess, the lower prices have a lot to do with the large number of homes selling. Low prices, along with interest rates under 4% and increased consumer confidence have brought buyers back into the Leavenworth housing market.
If we continue to have a large number of home sales like we did this summer and continue to see a reduction in inventory then I we will start to have some good news for home owners about increasing Leavenworth home prices. This might occur in 2013 or it might not, but the buyer’s market in Leavenworth will likely come to an end at some point.
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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.
