Leavenworth Condominium Market : 2011 Fall Update
Leavenworth’s 2011 Oktoberfest is just around the corner and it’s prime time for vacation rentals in the city. Many of the most popular vacation rentals in Leavenworth are condos so we thought this would be a great time to look at how the real estate market for condos was performing in 2011.
So far in 2011, only 8 condominiums sold in Leavenworth that were recorded in the North Central WA Multiple Listing Service (MLS). This is considerably less than last year when 15 had sold by this point in time. Four additional condos are under contract (pending) at this point in time. These include one unit at Kahler Glen on the golf course , two at Riverpark Homes (the “yellow building”), and 1 at Alpine Place.
What condos have been selling in Leavenworth?
Sales of Condos at Kahler Glen have been very slow over the past two years. In 2010 only 0ne of the Kahler condos and one of the Natapoc townhomes sold and in 2011 we only have one sale pending. Currently there are 4 two bedroom units for sale at Kahler Glen with prices as low as $175,000. All 16 of the condos at Rivepark (The “Yellow Condos” across from the hospital) have now sold. Two re-sale units are under contract and an additional two units are listed for sale.
Are New Construction Condos Still Available in Leavenworth?
New construction condominiums are still available at Ski View aka Ski Blick (on Titus Road). Ten units are currently listed for sale out of the 24 originally listed, though I believe only nine units have actually sold. No units have sold in 2011. Just one unit remains available at The Boulders on the Wenatchee River. The original units first listed in 2006 have now all sold, including two sales in 2011. Eight units are currently for sale at Icicle Village Resort. The majority of these units were built in 2005, though some were built in 2007. These are a mixture of re-sale condos and sales by the original condominium developer. No condos ever sold at Haus Wunderbar (across from Gustav’s). According to Chelan County records, this building went back to the bank in June of 2010. In July the building was sold to EGN Legacy out of Wenatchee for $2,226,000. There were 10 residential units listed here, in addition to some commercial space at street level. The total listed value of these units was above $5 million. Click Here to see all Leavenworth Condos for Sale
Condo Dreams Abandoned
A number of condo projects in Leavenworth were not built or have been delayed indefinitely. These include:
Obststadl (At the Fruit Warehouse)
Sonnenterrassen
Construction is well underway at the Blackbird site overlooking the river, but we have unconfirmed rumors that the construction is going to be a hotel and not condos for sale.
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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.
