Leavenworth Real Estate Blog

Leavenworth Home Prices 3rd Quarter 2021

Geordie Romer
on October 21, 2021

It’s hard not to write about the Leavenworth real estate market and not use a clickbait style headline to gain the reader's attention.

“Home sales drop to lowest number in 8 years!”

“Home sales drop 43%!”

“Average home price in Leavenworth nearly $1 million!”

“Leavenworth home prices soar 46%!”

All of these statements are true, but none really get to the heart of what is going on in the Leavenworth market.

Like most real estate markets around the country, inventory has been very limited.  In 2020, we saw massive demand outstrip the supply which led to huge price increases.  In 2021, we have seen the number of new listings drop 20 % compared to 2020.  If there are less houses to choose from, less houses will sell.

Looking at the chart, the number of home sales in the 3rd quarter of 2019 and 2020 were at record levels. Our 2021 sales for the quarter are below average, but they only look tiny compared to these record years. Compared to the rest of the decade, they are only slightly depressed.

Leavenworth home prices 2021

A more careful examination of home prices also tells another story.

While the average home price in Leavenworth rose 46% from $648,000 to $945,000 the median home price grew 31% from $590,000 to $775,000.

At the same time, the median sold home grew in size from 2040 sqft to 2344 sqft. The price per square foot of a median home increased from $289 to $330 or 15% compared to last year during the same period.

This 15% increase in price is probably the best representation of the current trend for home prices in Leavenworth in 2021.  A 45% year over year price increase sounds incredible and it really is, but that’s not really the whole story.

So what are the takeaways for the Leavenworth real estate market in 2021?

  • Less homes for sale, means less homes were bought

  • The homes that did sell were bigger than last year.

  • Most homeowner's values likely increased 15-20% not 45%.

 

 

 

 

 

 

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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.

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.