2021 Leavenworth Home Prices

Leavenworth home prices continued their ascent in 2021 fueled by the same factors that we saw in 2020, though perhaps at not quite as dramatic a pace.  Buyer demand remained very strong and limited inventory caused prices to climb.

 

The number of homes sold in the Leavenworth area dropped from 193 to 171, which is very similar to 2019’s number.  Demand continued to be very high and the number of sales was constrained by the reduced number of homes available to purchase.

 

The average price of a single family home in Leavenworth, Washington continued to climb to a new record. The average Leavenworth home sold for $819,000 in 2021 which is up 13% from $722,000. The median sales price in Leavenworth is up to $705,000 from $620,000 in 2020.

 

 

High home prices are often expected to cause a number of reactions in the marketplace. Some buyers will drop out of the market when prices make a purchase unobtainable and new sellers will list their homes when high sales prices look attractive to them. Homebuilders will also try and build more homes to take advantage of high prices.

 

The record home prices certainly dissuaded some homebuyers and caused them to halt their home search or choose to look in another location. However, demand remained very strong and any homebuyers leaving the market were easily replaced by new buyers entering it.

 

New construction has helped a small amount in recent years, especially the homes on lower Ski Hill, but it’s a tiny drip in the bucket. Nine new construction homes sold on the MLS in 2020 and that number jumped to 15 in 2021.

 

Unfortunately, the total number of new homes listed throughout the year was down from 239 to 182.  The addition of 6 new construction homes doesn’t have much of an effect when compared to an overall loss of 57 listings year over year.

 

What does 2022 have in store for the Leavenworth real estate market? Given the high uncertainty around the pandemic, we are loath to make any bold predictions.  However, it seems likely that high demand and low inventory will likely continue to be the headline for another year unless some unforeseen global event causes a catastrophic decline in consumer confidence.

 

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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.