Leavenworth Real Estate - 2nd Quarter Market Report

The Leavenworth real estate market seems to be singing the same tune that we have heard for a while now.

The number of sales is down dramatically, but prices remain stable, perhaps even trending up if you're an optimist.

Leavenworth Home Prices

Leavenworth Home Prices

Here's what is not showing up on that chart. (Which may or may not be predictive.)

  • May Pending Sales are up 50% from 2008 to 2009. ( 6 homes increased to 9 homes)
  • June Pending Sales and Completed Sales stayed even in 2008 and 2009
  • Only 3 condos sold in Spring of 2009 (Compared to 5 in Spring 2008)
  • Land sales are down 66%this Spring (15 parcels sold in 2008, 5 in 2009)
  • There were a record # of homes for sale in June 2009.  Never before have there been 179 homes for sale all at once. Most years the record happens in the fall. (157 in 2008, 137 in 2007.)
  • A waterfront home sold in Leavenworth for $1.3 million, tying the record price set a few years back

I think that Summer 2009 looks like it should be on par with 2008 as far as prices and the number of homes sold. It won't be 2005 or 2006, but I'm not convinced we had a price bubble like so many other markets.

As many folks know, I try to find out the best way to look at the how the market is moving and how best to describe the trends I see.

I continue to take issue with those who feel that a monthly report has much statistical value and I am surprised by the low offers that some real estate agents are convincing their clients to submit because of some erroneous information floating around about price trends.

Certainly the condo market is not healthy and we have a glut of newer condos for sale. But condo prices have yet to drop to a price that makes home buyers switch to a condo for a better value. Until that happens, the Leavenworth condo market and the Leavenworth home market will remain separate beasts.

One project I am currently working on is to create price trend reports based on quartiles. (Thanks to the folks at Altos.com for the idea, sorry your product isn't available for my market.) Has the upper end of the market slowed down? Are the cheapest houses selling or only the houses in the median price ranges? Dividing the price ranges into quartiles should help.

What metrics would help you understand Leavenworth real estate a little better?

What info would you like to see that would help you make better decisions?

I can't wait to hear from you.

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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.