BUYER’S GUIDE
If you’re planning to buy a home in this area, the best place to start is with the Leavenworth Home Buyer’s Guide.
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Leavenworth Real Estate Update
I ran some stats today for the Leavenworth real estate market. The statistics show what my instinct tells me. Generally it is a Buyers market based on months of inventory and percentage of pending listings. However, sellers are continuing to raise prices and are perhaps more confident than they should be. Of course all of this depends on price point and location. These statistics …
The Psychology of Numbers
Much of real estate revolves around negotiating between sellers and buyers. This is something I count as one of my skills and I am really happy to provide it to my clients in the Leavenworth real estate market. Much of negotiating revolves around what I call the “pychology of numbers.” We all know that a house listed at $199,950 is a $200,000 house. It …
Fiber Optics Coming Soon?
We had a client call and ask about the availability of fiber optics. As many of you know, Chelan County PUD has an ambitious goal to make fiber available to its residents. The PUD hopes to get fiber to 75% of residents by 2008 and the entire county by 2012. To learn more, or see if a particular address has fiber available check here.
Pending Ratios
As I’ve discussed before, pending ratios are a good way to look at how “hot” a particular real estate market is and to compare it to other markets or the same market at a different time. I noticed today we have 83 active listings for single family homes in the Leavenworth area. This is certainly a lot more than the 40 some we had …
Market Update
I had a spare moment so I decided to take a look at market numbers for the Leavenworth market. I think this is really important since these numbers are in contrast with housing sales nationally. (National Stats) If we look at the number of homes (single family, not condos or manufactured homes) sold in 2006 we see an increase of 7% in the number …
Spokesman Review Blogspotter
Thanks to Frank Sennett of the Spokane Spokesman Review for including me in his review of Washington State real estate blogs. The mention is enouraging. I think blogs are a great resource for both consumers and industry insiders. When I’m not out selling homes or blogging here, I’m over at Rain City Guide peeking in at the Seattle real estate market.
Lake Wenatchee Website
I wanted to take an opportunity to plug Dave Neir’s LakeWenatcheeInfo.com Dave has done a great job making the Lake Wenatchee and Fish Lake area accessible to visitors and locals alike via the web. Dave has a great understanding of the possibilities such a resource can be. I’m amazed at how many websites are static and become quickly dated or useless. Not the case …
Owning a Vacation Rental
A frequent request we get is a buyer who wants to buy a vacation home, but would like to rent it out when they aren’t using it. It sounds like a great idea in theory, but rarely works out. First of all you need to consider zoning. In the city limits of Leavenworth nightly rentals are only legal in commercially zoned areas. There are …
THE PERILS OF BEING AN UNREPRESENTED BUYER
Mostly we focus on how people shouldn’t be an unrepresented seller. We stress the importance of listing a home with a trusted REALTOR who will put their home on the Multiple Listing Service, look out for their best interest and get them the highest price. However, there is also danger in being an unrepresented buyer. It is dangerous to blindly enter into a contract …
Absorption Rates
What is an absorption rate? It is the average number of houses that sell per month and it tells us what kind of inventory we have. I ran some numbers today which confirm what I thought was the case. Currently there are 57 single family homes (not including condos or manufactured homes) in the general Leavenworth market. This includes Plain, Peshastin, and Lake Wenatchee. …