Kahler Glen Condos : Oversupply = Time to Buy

Updated 4/23/2012

Condos at the Kahler Glen Golf Course near Lake Wenatchee have been a favorite with Leavenworth vacation home buyers for the past few years. Everyone seems to have a favorite reason:

  • On the Kahler Glen Golf Course
  • XC ski out the door in winter on groomed trails
  • About 200 sqft bigger than other 2 bedroom condos
  • Minutes to Lake Wenatchee
  • Easy to add to Kahler Glen Rental Pool

 

Kahler Glen Golf and Ski Resort

 

 

 

 

 

 

 

From 2005 to 2007 we saw relatively few condos at Kahler Glen come on the market and even less of the Natapoc units on Clubhouse Drive. This scarcity has caused prices to climb up and up and up. In 2005, 2006, and 2007 all the units that came on the market were sold.

In early 2008, I had a client ask about Kahler Glen Condos and I helped him find one, even though there weren't any listed. We were able to get one for $325,000 which included a membership to the Kahler Glen Athletic Club .   A few months later another agent listed a unit for $369,000.

Unfortunately for Kahler Glen Condo owners more units came on the market in 2008 as our real estate market was quieting down and the stock market was taking a nose dive. As more units came on the market, and no condos sold, the sellers had to adjust their prices.

In 2008, 3 Kahler Glen Condos were listed on the MLS and in 2009 an additional 2 were added to the list. In 2009, oversupply lead to dropping sales prices and I wrote that this might be a good time to take advantage of low prices.

Despite an increase in sales, supply continued to outpace demand at Kahler Glen. The following is an updated chart showing the history of Kahler Glen condo prices over time.

 

Kahler Glen Condo Sales

Kahler Glen Condos

 

Kahler Glen condominium prices have dropped approximately 50% of their value since the peak of the market in 2007. They are the only subsection of the Leavenworth market to do so.

Future pricing of these condos depends on the number of units available for sale in relation to the number of sales.

Click here to see which Kahler Glen units are currently for sale.

 

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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.

Comments

Interesting analysis, Geordie. It's buying time in here as well. Cheers, Nicole

Congrats to Tom and Leslie and also John and Cherie who have all decided to buy condos at Kahler Glen. Both families are currently under contract with units along the golf course at prices we haven't seen in years. (2005-2006)

Here's what the Kahler Glen condo supply looks like at the beginning of 2010. 4 condos sold at an average price of $266,000. 1 condo is under contract with a list price of $275,000 2 condos are for sale at an average price of $289,000 If you are interested in Kahler Glen condos it's worth taking a look at these two units.

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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.