2020 Leavenworth Home Prices

2020 was an unexpected and unprecedented year in every way imaginable.  No part of our lives or the economy was left unchanged from 2019 and real estate, especially in Leavenworth, was no different.  Massive demand led to a huge increase in 2020 Leavenworth home prices.

 

In the early spring months of March and April, we assumed that lockdowns and stay at home orders would devastate the real estate industry and that we would return to recession levels of home sales.  As time went on, new rules for operating safely were established and not only did the real estate sector survive, it thrived.

 

Across the country, buyer demand for homes skyrocketed and inventory remained at record lows throughout 2020.  Locations popular for vacation homes, like Leavenworth, turned into “zoomtowns” and folks decided to relocate and work from home and homeschool in a new location, away from the big city.

 

This massive increase in demand, coupled with an existing lack of homes for sale, made for an extreme seller’s market.  2020 Leavenworth home prices, for both average and median home prices, reached dizzying new heights in 2020. 

2020 Leavenworth Home Prices Soar

 

2020 Leavenworth home prices chart

 

The average Leavenworth home price was $722,000. This is an incredible 35% increase from 2019’s average price of $534,000.

 

The median sales price was also up 27% from $489,000 to $620,000.

 

While there was much talk of this price increase being driven by the lack of homes for sale in Leavenworth, the number of sold homes tells a different story.  192 homes sold in Leavenworth in 2020 which is a new record and up 12% from 2019.  High demand for homes appears to be the biggest driver of home prices.

 

What will 2021 bring? If 2020 taught us anything, then we know how difficult it can be to make annual forecasts. However, it seems safe to assume that demand for homes in the area will continue to be strong and prices are likely to follow.  20-30% price increases are extreme, so it would be unlikely to see those continue, but 2021 will likely be another tough year for homebuyers in the Leavenworth market.

 

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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 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.