2020 Leavenworth Home Prices | 1st Quarter Market Report

Leavenworth’s real estate market in the first quarter of 2020 began with the common theme of high buyer demand and low inventory.  This is very typical of the Leavenworth area where many sellers take their homes off the market for the winter months and re-list in the spring.

 

While challenging to quantify, we have anecdotal evidence that motivated buyers and their brokers were scouring the MLS to find these off market homes and writing offers on them. Two of our sellers benefited from this high demand, which seemed higher this year than in years past.

 

While we do expect the current coronavirus pandemic to have an effect on the Leavenworth real estate market and 2020 Leavenworth home prices,  we won’t see this in the first quarter statistics. The lag time of 30 to 45 days on residential closings means that buyers wrote offers on most of these homes prior to the end of February.

 

 

Much of the activity in the first quarter was in the luxury sector of the market. Five homes sold for more than $1,000,000 in these first three months of 2020.  This had a dramatic effect on both the median sales price (up from $385,000 in 2019 to $620,000) and the new average price of $691,000 (up from $452,000.) (For perspective, only ten homes sold above $1 million in Leavenworth in 2019 and there were seven in 2018.)

 

This spike in 2020 Leavenworth home prices should not be seen as a trend and will likely look even more out of place if second quarter sales activity is depressed.

 

What will the second quarter bring? It’s too early to tell, but it’s safe to assume that both listing and pending activity will be down in April based on the current “stay at home” directives.  It’s certainly possible that pent up demand from April will result in strong numbers for May and June, but predicting the length of the “stay at home” order is difficult.

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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.