Leavenworth Home Sales Quarter 3 2010

In our most recent post we tackled current Leavenworth home prices. Today we are going to look at the number of homes that have sold in Leavenworth this quarter and so far this year in 2010.

We're still working out the bugs, so I apologize for the fuzzy chart. The good news is that you can get an interactive chart by clicking on the image below. (Go ahead, click on it, you'll see how cool it is!)

This is the chart I need to have in my pocket when people ask "How is the Leavenworth real estate market doing? Are things picking up?"

Sure you could make up some crazy headlines like:

3rd Quarter Home Sales UP 47%! (3rd quarter sales went from 17 to 25)

2010 Home Sales UP 55%! (62 sales YTD compared to 40 last year)

But you could also say:

2nd Slowest Year in Leavenworth Real Estate in Recent History

or even:

More Homes Sold in 2006 than in 2009 and 2010 Combined

Click to See Interactive Chart
Click to See Interactive Chart

 

The increase number of sales certainly is due to lower prices of Leavenworth homes. These lower prices are due to two factors: an increase in foreclosures and bank owned properties and sellers finally adjusting their listing prices in order to sell and break the stalemate.

Earlier in the Spring I mentioned that foreclosures were starting to have an effect on prices here. By my count we have had 9 bank owned properties sell in 2010 (among single family homes).  This about 14.5% of the total sales which is below the state average but clearly more than in years past. (Currently there is only 1 bank owned house in Leavenworth on the market.)

Along with a few short sales, these foreclosures certainly bring the prices down. They sell for less money and they cause other sellers to lower their prices to compete. So far in 2010 bank owned properties have sold for an average of $260,500 compared to an average of $362,400 for non-bank owned homes.

You read that right, $100,000 difference between a bank owned home and non-bank owned! That's a 28% difference.

 

In an upcoming post, Allyson will explore the recent trends in land sales.

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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.