My Metrics - Leavenworth Real Estate Edition

Despite the so called "death of print media" we still subscribe to a number of magazines in our household. I enjoy Fortune magazine and one of the regular columns they have is called "My Metrics".   Each issue, some analyst or economist shares a hidden secret about some number that they use to determine how the economy is doing or how a specific business is doing.

I thought I'd share with you a metric that I think is key to understanding the health of the Leavenworth real estate market. 

It really boils down to this...

Did 10 homes sell last month?

In the chart below, we have the data from 2008, 2009 and 2010.

  • Months with 10 sales or more have a green arrow
  • Months with 9 sales (almost good!) have a black arrow
  • Months with less than 5 sales have an orange dodo (bad!)

 

Sold Homes in Leavenworth WA

Sold Homes in Leavenworth WA

 

So let's look at the sales year by year.

2008

3 great months, 3 good months and 1 bad month

2009

1 great month, 1 good month, and 6 bad months

2010

0 great months, 3 good months, 1 bad month

2011

Looks like we get another January dodo.. only 4 homes sold last month.

 

As we move through 2011, watch the number of sold homes in Leavenworth each month.  To me it looks like 2009 was our worst year, what do you think?

 

 

 

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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

Brian- I don't know that we got much of a boost from the tax credit here in Leavenworth. We do sell a handful of homes to first time buyers, but mostly it's vacation homes. Ironically, the tax credit should have helped the Wenatchee market, but they seemed to have a decent 2009 and a poor 2010.

I agree that 2009 was the worst year for real estate. In 2010, at least we got a little boost from the tax credit. I also think that sellers with equity have come to terms with the new paradigm. In 2011, we may have another leg down, but at the lower prices, buying will make more sense.

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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 Lake Wenatchee and Leavenworth 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.