Leavenworth Real Estate - Great Deals

It's no news that the real estate market is quieter now than it was in 2007 or 2008. Luckily (for home sellers) home prices have not really fallen in Leavenworth like they have in places like Seattle or worse, Detroit.

Image by AntwerpenR

A quiet market can be a great opportunity for a savvy real estate buyer, so with that in mind, here are my thoughts on some great bargains that can be had.

Kahler Glen Condos

Condos at Kahler Glen have always been popular. They are large for two bedroom units ( 1266 sqft) , located on the golf course, and can be easily added to the Kahler Glen rental pool.

In 2004, the median condo sold for $170,000. In 2006, it was up to $275,000. In 2007 and 2008, the sales prices were up to $325,000. 

Currently, there are 3 condos available, each with listing prices of $299,000. I would be surprised if a buyer couldn't get a discount off that price and be closer to the 2006 prices.

You can see all the Kahler Glen Homes for Sale Here.

New Construction Condos in Leavenworth

Let's face it. The Leavenworth condo market is overbuilt. There are currently over 40 newly built condos for sale in Leavenworth which is probably 3 times as many as could possibly sell in one year.

Click to here to peruse the selection of Leavenworth Condos for Sale and don't be shy about making lowball offers.

Cabins in Ponderosa Estates

The Ponderosa neighborhood outside of Plain, has offered some of the best values in cabins over the past few years. In 2008, 13 homes sold in this neighborhood at an average of $340,000 with a median price of $314,000. Currently there are 12 homes available at an average of $259,000 and median of $306,000. Not every home for sale is a bargain, but there are some great ones here if you have been looking for a Leavenworth or Lake Wenatchee area cabin.

You can click here to see everything for sale in Plain's Ponderosa Neighborhood.

Building Lots in Ponderosa Estates

In 2007 I scoured the market trying to help builders find decent lots in the Ponderosa Estates neighborhood. A flat lot on a decent street was selling for about $100,000 and everyone was looking for a deal.

Currently there are 4 lots for sale in Ponderosa ranging from $79,000 to $99,000 and some are on great streets with pancake flat topography. Remember, these are listing prices. Sales prices are likely to be even lower!

First Time Homes in Leavenworth

Currently there are 9 single family homes for sale inside the Leavenworth city limits for sale for under $300,000.  Houses aren't cheap in Leavenworth, but you can get more for your money in 2009 than you could in 2008.  There are a number of programs available to make it easier for first time buyers.

 
Click here to Search for Leavenworth Homes 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.

Comments

Interesting, your market has not gone down. It also seeems by the data, it has continued to rise in price. That is very unique. What do you attribute it to? I have look at markets throughout the country, most have declined between 15-60%. Richard

That’s a great question and worthy of its own post. (Coming soon) Are you looking for lots right in town or outside of town? The markets are a little different. The short answer is that I think it is a good time to buy lots if you find the one that fits your needs and a seller who is motivated. Builders aren’t buying now so you don’t have to compete with them and many sellers are motivated.

Geordie, what do you think of the market for developed lots in Leavenworth? We are considering buying a lot and eventually building a house. At the time we decided to pursue this, we were not ready to buy a home and did not have the money for a condo that was big enough for us (we were not looking for a rental, we were looking for a permanent home someday). It seemed at the time that the market was pretty hot, and we wanted to "get a foot in the door" so that when the time came, we had something already. Now the market has changed, and we are wondering if this is the best way to go. We will most likely not be buying anything this year, but aren't sure if now is a good time to buy a lot, especially if in the future we decide to buy a home and then would have to sell the lot.

Great question Richard. Two simplistic answers, though I probably need to write a post about this. Scarcity of land and lack of speculative building. Chelan County, the home of Leavenworth and Lake Wenatchee is mountainous rugged terrain. Only 15% is in private hands, the rest is U.S. Forest Service, National Park, BLM or State Forest. Much of the private land is also steep and much of it is in agricultural land which is difficult to transform into residential land. We have had very little speculative building of single family homes. I would guess maybe 10 homes were built on spec each year and that number has dwindled. Lots and lots of condos were built and I think we will see that market stay softer longer than the market for single family homes. I have a saying about the Leavenworth real estate market and the effect that second homes play. "Buyers don't have to buy and sellers don't have to sell." If the sellers don't have to sell, then prices don't go down much.

Interesting - thanks for using and crediting my picture!

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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.