Market Review

The local Windermere offices in Wenatchee and Leavenworth have recently published a market review which has local real estate statistics for 2005. (I will mail you one for free if you ask.) Average prices for local towns (excluding new construction):

Wenatchee $189,000
E. Wenatchee $188,000
Cashmere $182,000
Leavenworth $267,000

Those prices seem ridiculously low, don't they. Yep, that was 2005. Old news.

As of May 1, 2006.

The average pending home sale in Leavenworth is a home listed at $331,000. Since the average home here is selling at 95% of list we get a price of $314,000. We're certainly heading towards another record year.

Currently there are only 44 homes on the Multiple Listing Service in the greater Leavenworth, Washington area. The average list price? $518,000.

What's my point? $266,000 homes are harder and harder to find. If you own a modest home in the Leavenworth home, especially if it isn't your primary residence, this might be a good time to sell. (or more likely a GREAT time)

Cashmere is hopping too. Because it's a smaller portion of the market the numbers are easier to skew with a few listings. The average pending sale is $278,000. A little different than last year eh? A hundred thousand different! Average listing prices are astronomical, but easily explained. 2 multi-million dollar homes on 100+ acres bump the average up to $640,000. But with only 11 homes to choose from, prices are going up.

I guess the real estate bubble hasn't popped here...

Comments

Thanks for leaving a comment about pending ratios on our blog. I answered your questions in today's pending ratio post. It is very interesting to see that you still have a very low inventory in Leavenworth. Here in Bellingham, we are still seeing the same number of properties sell as we did last year, but our inventory has increased dramatically.

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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.