Leavenworth Supply of Homes Continues to Grow

A few times last year I wrote about the record number of homes for sale in Leavenworth and Lake Wenatchee.

The first quarter did see an increase in the number of sales in Leavenworth, but I am worried that too many home sellers think that the market has regained its past glory.

Unfortunately, it looks to me like we will continue to break new records as far as the number of homes on the market.

Is this a bad thing? Not if you are a buyer - there are lots of options to choose from and it should put pressure on sellers to bring prices down.

Is this a bad thing? If you are a seller it is. A healthy market has about 6 months of supply of homes.

In the last 12 months 73 houses (single family homes) sold in the Leavenworth area. At the moment I'm writing this we have 160 homes actively being marketed for sale.  This is  26 months of supply - more than two years!

At the current rate of sales to have a balanced market we would need to have 37 homes on the market. (Imagine what it would look like if 100 families decided this summer was a bad time to sell and took their homes off the market.)

Leavenworth Homes for Sale

Leavenworth Homes for Sale

 Look at the January and March numbers for 2010. We are already seeing a double-digit % increase in the number of listings compared to last year.

Before we can claim to have "recovered" from the slump we are in we are going to have to tackle the issue of supply.

Only two things can help:

More houses sell

Less people decide to list their house

 

Any guesses which is likely to happen in Leavenworth?

 

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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.