Absorption Rates

What is an absorption rate? It is the average number of houses that sell per month and it tells us what kind of inventory we have.

I ran some numbers today which confirm what I thought was the case. Currently there are 57 single family homes (not including condos or manufactured homes) in the general Leavenworth market. This includes Plain, Peshastin, and Lake Wenatchee. The average home is listed at $536,000. From the buyers I talk to and e-mail day in and day out, this is out of most folks price range. For 2006 so far this year, the average sold price is $310,000.

From these numbers, you might guess that high price homes stay on the market and more reasonable homes sell quicker.

You would be right.

There is currently a 2.4 month supply of homes between $150,000 and $350,000. These are the homes most of my clients are searching for. If you are trying to sell a home in this market, the odds are in your favor.

Between $350 and 450,000 there is a 5.69 month supply. A little longer wait, but you're likely to sell this summer if the house is priced competitively and shows well.

But wait, Geordie. You said the average home is listed at more than $500,000! We haven't gotten there yet.

For homes listed at above $450,000 (there are 27) the absorption rate is much smaller. We currently have 10.8 months of supply. I would guess that we could tease some more info out of this if we needed to. My guess? The absorption rate for waterfront homes is much higher than for non-waterfront homes in the higher prices.

What is the overall message here? Even in a healthy market, there are segments of the market that are more friendly to sellers (under $300,000) and there are segments that favor buyers (over $450,000).

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Allyson and Geordie Romer

Leavenworth real estate agents - Allyson and Geordie Romer

For over a decade, Allyson and Geordie have been serving clients in the Leavenworth-area real estate market. Together, they work tirelessly to stay on top of the regional market and present the most relevant opportunities to their clientele.

When not in the office, they can be found exploring the endless recreation opportunities of the area in all of its seasons.

 

Testimonials

 

Geordie provided excellent real estate representation! We appreciated his detailed knowledge of the market, his up front and honest approach, and his negotiation skills.
As reviewed on Zillow  – 

- Laura Anderson

 

 

As “west siders” looking for a getaway near Leavenworth, Geordie provided insight … his knowledge of design features important in a “snowy winter wonderland” was appreciated. Thanks Geordie!
As reviewed on Zillow  –
 

- Jean Stern

 

 

Geordie made this somewhat complicated transition easier for us…going above and beyond to help us work through issues that came up during the sale of our parents home. We appreciated his knowledge, attentiveness to details and his willing spirit.
Our family is grateful for Geordie!
As reviewed on Zillow  – 

- Terry Foster

 

 

Geordie was great in every way. We have been looking in the Leavenworth area for some time, and Geordie was absolutely the best for local knowledge, history and depth on neighborhoods, developments and the local market trends. He was very quick to respond (even when he was on his vacation) and worked very diligently to get all of our questions answered in a very timely fashion. We would recommend him highly to anyone looking to buy or sell a home. Very friendly, and helped us navigate all of the local options before we made an offer on the property that we purchased. Thank you, Geordie!

As reviewed on Zillow  – 

- Ryan Olsen

 

 

It was such a pleasure to work with Geordie and his wife, Allyson on our cabin purchase. They showed us a variety of locations, listened to what we wanted and helped us find the perfect match. Everything was smooth and not stressful, just relaxed and easy. We would definitely recommend Geordie and use him again if the need arises!

As reviewed on Zillow  – 

- Cammie Schlosser

 

Moving to Leavenworth?

Are you looking for a cabin or a condo in Leavenworth that your family can use as a home base when climbing, skiing or hiking around Leavenworth or Lake Wenatchee?

Maybe you rent a house here and have decided to stay, surprised how a summer of rafting somehow turned into seven years.

Maybe it’s time to escape the hustle of the big city (and its rain) and move to Leavenworth with its four seasons.

Maybe you bought a condo years ago, don’t seem to use as much, and it’s time to sell.

Whatever your motivation, we are here to help. If you are buying a home, the best place to start is with our Homebuyer’s Guide to Leavenworth.