Leavenworth Washington Home Prices Spring 2019

Spring home sales in Leavenworth remained strong this year, despite a late appearance by Old Man Winter in February.  The number of closed sales was nearly identical to the same period in 2018 and both median and average home prices increased dramatically.  The average sold price for a single family home during this 3 month period climbed to $580,000 for a home in the Leavenworth zip code, while the median price rose to $550,000.

Other indicators are harder to measure and anecdotal evidence seems to point to a cooling market.  Price reductions for unsold properties appear to be increasing and the number of bidding wars and multiple offer scenarios has decreased since last year.

A quick survey of the 34 sold homes shows that 30% of the homes required at least one price reduction while 44% sold for less than asking price without a change to their listed price. Meanwhile only 18% sold for their original asking price and 9% sold for above asking price.  This means that only 3 single family homes sold above asking price in the spring quarter.

Similarly we have seen list price to sales price ratios which have dropped from 98% to 95% compared to last spring.

But a “cooling market” isn’t the same as a recession.

In all likelihood, we are seeing a return to a more balanced market with more choices for buyers and sellers who need to negotiate in order to sell their homes.  There are unlikely to be many “bargains” in the local market and home sellers who properly price and prepare their home for sale are likely to find success.  Competition among buyers will probably remain high for moderately priced homes, both inside the city limits of Leavenworth and for cabins in the Plain and Lake Wenatchee area.

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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.