2014 Leavenworth Home Sales
2014 Leavenworth home sales didn’t break any new records, but it was another solid year.
The total number of single family homes that successfully closed in Leavenworth in 2014 was 122 . This is slightly down from 138 in 2013, but much improved over the recession years of 2008-2011.
Pricing is slightly down as well. The average single family home sold for $350,000 which is down from $378,000 in 2013. The median home price however was stable at $326,000.
As we have repeated throughout the past year, inventory remains the big challenge in the Leavenworth real estate market like it is in many markets.
It is a bit of a chicken vs the egg dilemma. Which comes first, the home buyers or the home sellers? Many buyers are waiting for more homes to come on the market in Leavenworth to choose from and many sellers are waiting for higher prices to return.
Many homeowners are still underwater and owe more than their home is worth, so motivation may be low to sell their home at a loss. Looking at the chart, we can see a big discrepancy between pricing in 2007 and pricing in 2014.
Buyer demand remains strong for both condominiums and single family homes. Interest rates at 4% and lower coupled with a mild winter point towards another very strong real estate market for Leavenworth in 2015.
**********************************************************************************************************
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.
