Prices for Leavenworth Condos have continued their upward trend in prices despite a glut of new construction condos on the market.
This report is for the first quarter of 2008 and includes Kahler Glen condos as well as Leavenworth projects like Aspen Suites at Icicle Junction, RiverPark Homes in Leavenworth, Alpine Village, SkiView Condos on Titus Road, and The Boulders on Alpensee Strasse.
First quarter sales volume has been fairly consistent the past few years. This year 5 condos sold in the first 3 months, with 3 selling in 2007, 4 in 2006 and 2 in 2005.
The big news which has been mentioned here before is the number of new condos on the market in Leavenworth. 59 units were active on the MLS during the 1st quarter, despite Aspen Suites removing their condos from the MLS.
Prices continue to march upward. In 2005, the average condo was $121,000 and now it has risen to $284,000. Median prices have risen as well to $300,000 for 2008.
As of April 6, there are currently 51 condominiums available on the MLS at an average asking price of $420,000.
I expect that condos zoned for commercial use (and vacation rentals) will continue to sell well, especially those closest in price to the median sales price. Condominiums priced between $250,000 and $350,000 will remain popular, while others may continue to sit.
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