Leavenworth Condos in 2020

In early March of 2020 it became apparent that the coronavirus could likely have massive effects on the world economy including real estate markets in the United States.  By the end of March, Washington State was under a "Stay Home, Stay Healthy" order from the governor.

Real estate was soon dubbed an "essential service" and limited real estate activities would be allowed with new rules and restrictions.

In April and May of 2020, the landscape of the Leavenworth real estate market changed dramatically.  Many expected a general slow down of activity similar to the recession of 2008-10.

Over the course of my career, I've often found myself reminding folks that real estate is local and is made up of different parts and pieces that move in different directions at different speeds.  Such is the case with homes sales in Leavenworth, Washington in 2020.  The single family home market and the condominium market are behaving very differently.

I'll tackle the single family home market in another post.  The news for sellers though is very good. Demand has skyrocketed, sales are through the roof, and bidding wars are common.

Unfortunately, the Leavenworth condo market has not been as active. 

 

As you can see in the chart only four condos have sold in the first five months of the year.  This is a dramatic shift from 2019's strong performance and is quite weak compared to slower years like 2017 and 2018.

 

 In recent years, the lack of sales could often be attributed to lack of supply. Unfortunately, in 2020 supply appears to be outpacing demand significantly.  As of early June, nine condos are listed for sale and there is one pending sale.

Leavenworth condos 2020

High inventory however, can be a blessing for buyers who have not had many choices in years past.  2020 may be an opportunity for buyers to buy a condo without engaging in a bidding war and though it's hard to guess how prices will be affected in the long run, the meteoric rise in values seems to have at least paused for the moment.

 

 

 

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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.