Leavenworth Home Prices 1st Quarter 2011

How's the Leavenworth real estate market doing? Is the market picking up?

Don't worry you're not alone in asking those questions. I get asked those questions everywhere I go - at Safeway, at church, at the Wenatchee Wild hockey games.

Local media outlets and other real estate bloggers tend to rely on Pacific Appraisal's "Real Estate Snapshot" which they produce quarterly for the Leavenworth area.  Unfortunately, I think they distort some of the data by mixing condo and single family home sales.

"Sales in Leavenworth for homes and condos are down 17% in dollar volume and 9% in transaction volume for the first quarter of 2011," writes the Ncwrealestateblog.com

In the Leavenworth real estate market, condo sales and home sales move independently and I think it doesn't make sense to combine them. Buyers may substitute houses for condos in other markets, but they rarely do in Leavenworth.

Leavenworth Homes Sales 2005- 2011

Leavenworth Home Sales 2005- 2011

I see good news and bad news (for sellers) in the first quarter numbers.

Good News

  • The number of home sales is up again to 17 from 15 last year and a low in 2009 of 9.
  • The median home price in the 1st quarter is up from $285,000 to $337,000

Bad News

  • The number of home sales is still paltry compared to 2005-2008.
  • The average home price continued to slide from $379,000 to $355,000.
Leavenworth Home Prices 2011 1st Quarter

Leavenworth Home Prices 2011 1st Quarter

Overall I think the worst is behind us. We still have a lot of inventory to clear out before prices start to climb again but I feel like we are continuing to see a slight improvement each quarter.

Other Notes

  • We have been seeing a large number of cash transactions - about 70% of offers written.
  • We have been seeing lots of multiple offers, even for stale listings that have been on the market for years. Again about 70%.

More Leavenworth Real Estate Info

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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.