Cashmere Real Estate Update for 2008

 While I feel good about the constant updates we have done about Leavenworth and Lake Wenatchee's market activity, we haven't done nearly as many real estate updates for Cashmere.

( We'll have to add "More Cashmere Real Estate News" to our to-do list for 2009" )
So let's get to it shall we, how did Cashmere's real estate market do in 2008?
                                                                      2005  2006  2007  2008 
Total number of houses for sale          102      93       106     114
Total number sold                                      67       50       41         34
Average price                                            198      278     291      259
Median Price                                             180      235     238       238
*These numbers are for single family homes. Only 1 condo sold in 2008 or 2007.
What do these numbers mean? The median house price is pretty stable. (Half of all houses sold sell more more than the median, half sell for less.) 

The average home price is really affected by the upper price ranges. Only 10 homes have sold above $400,000 in Cashmere in the past 2 years. 2 of these sales were in 2008 and the rest were in 2007. 

If you are thinking of selling a luxury home in Cashmere 2009 may not be ideal.  
Cashmere Real Estate Supply and Demand
 
Cashmere currently has 34 homes listed for sale. This is equal to 13 months of supply based on the rate of sales in 2008.
A 6 month supply of homes is considered a balanced market and 13 months would be considered a strong buyers market.
However, much of this supply is above $400,000 which we know is in less demand.
For homes under $400,000 in Cashmere there are 21 active homes which gives us a supply of 8 months which is closer to being a balanced market though it is still in the buyers favor.

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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.

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Comments

Geordie, Your new blog looks great! Congratulations. Maureen

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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.