When clients and friends ask me about the state of the Leavenworth real estate market, I tell them that it's recovering. It is in the process of improving and getting a little stronger each month. Leavenworth home sales were fairly strong in the 2nd quarter of 2014, just slightly less than 2013 levels for the same time period. The number of single family homes sold dropped from 43 down to 36. Similarly, the average sales price dropped 10% from $365,000 to $328,000 and the median price dropped 2% from $325,000 to $319,000. For the first 6 months of the year, Leavenworth home prices are reasonably stable compared to 2013. The year to date average price is down 5% to $335,000 while the median price is up 2% to $325,000. What's driving the market right now? It looks to us like consumer confidence is up. The Dow Jones Industrial Average recently crested 17,000 and the Conference Board reports that consumer confidence is at the highest levels since January 2008. Lack of supply continues to be an issue, especially for those houses priced less than $500,000. Supply in June is down from 132 last year to 107 homes. Buyers want more choices and many are choosing to wait rather than purchase one of the few homes currently listed for sale.
* 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.