Leavenworth Condo Update: Spring 2011

How well  are condominiums in Leavenworth selling?

Last spring I wrote:

 The Leavenworth condominium  market seems to be on the road to recovery. There are still some bumps in the road, but we are headed towards a healthy market again.

In 2010, 19 condominiums sold in Leavenworth that were recorded in the North Central WA Multiple Listing Service (MLS).  This  is slightly more than 2009, when 18 condos sold locally.

 In 2011, 4 condos have sold so far in Leavenworth and another is pending.  Currently there are 34 condos for sale, though we usually see more come on the market throughout the spring and summer.

Leavenworth Condos Leavenworth Condos 

What condos have been selling in Leavenworth?

Sales of Condos at Kahler Glen  have been sluggish. One of the Kahler condos and one of the Natapoc townhomes sold in 2010.  Currently there are 6 two bedroom units for sale at Kahler Glen with an average asking price of $253,000.

The Cascade Crest Condos  on Front Street sold well. All six units sold in less than 6 months after the bank holding the construction loan agreed to sell them at short sale prices. The average price for these units was $240,000.

An investor holding numerous units at the Tumwater Townhomes decided to liquidate and we saw those units going for $129,000. Four of these condos sold in 2010 and no units are currently available at that price.

All 16 of the condos at Rivepark (The "Yellow Condos" across from the hospital) have now sold. Three units sold in 2010 at an average price of  $288,000. Currently, there are 3 re-sale units available.

New Construction Condos Still Available in Leavenworth?

New construction condominiums are still available at Ski View aka Ski Blick (on Titus Road). Four of these units sold last year and currently there are 7 units currently listed for sale (A total of 9 units have sold which means that 7 units have neither sold nor been listed.)

 One unit remains available at The  Boulders on the Wenatchee River.  The orginal units first listed in 2006 have now all sold.

 No condos ever sold at Haus Wunderbar (across from Gustav’s).  According to Chelan County records, this building went back to the bank in June of 2010. In July the building was sold to EGN Legacy out of Wenatchee for $2,226,000.  There were 10 residential units listed here, in addition to some commercial space at street level.  The total listed value of these units was above $5 million.

Click Here to see all Leavenworth Condos for Sale

Condo Dreams Abandoned

A number of condo projects in Leavenworth were not built or have been delayed indefinitely. These include:

  • Obststadl (At the Fruit Warehouse)
  •  Sonnenterrassen

Construction has begun at the Blackbird site this spring, but we have unconfirmed rumors that the construction is going to be a hotel and not condos 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.

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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.