Leavenworth Real Estate Blog

Leavenworth Home Prices Spring 2020 Leavenworth Real Estate Report

Geordie Romer
on July 07, 2020

When we wrote our first quarter report back in April we had only been in the first month or so of the coronavirus pandemic and we knew that it would have some unpredictable effects on real estate, both globally and locally.

There were some predictions that WFH (work from home) trends would allow some folks to move to the mountains and countryside away from the cities, but we had assumed this might be a longer term trend and not something we would see immediately.  In fact, as soon as buyers became more comfortable travelling away from home and safe procedures for viewing real estate were implemented, the Leavenworth real estate market took off like a rocketship.

In the Spring of 2020, pending sales, average and median home prices, and closed sales of single family homes in Leavenworth all jumped up.  Unfortunately, home sellers mostly stayed out of the market and new listings were down 27% compared to 2019, which had pretty tight inventory as well.

Buyers wanted second homes in Leavenworth that would allow them to home school and work from home away from the big city and close to the mountains and outdoor recreation.  They were highly motivated to purchase and close quickly in a way we haven't seen buyers act in the past decade.

This increased demand coupled with low inventory could only lead to one thing.  Bidding wars were quite common and most homes did not last very long on the market.  The average sold price of a single family home in Leavenworth increased 23% to $717,000.

 

 

 

 

Leavenworth home prices 2020

 

What will the summer months bring?

Low inventory will likely be the big factor and without new homes on the market for buyers to purchase, it's likely that the number of homes sold in Q3 could be quite low.

Currently there is uncertainty about schools reopening in the fall. If schools don't open or parents don't feel comfortable with letting their children attend, it's quite possible that we could see another large spike of demand at the end of summer prior to the start of the school year.

For sellers in Leavenworth, 2020 will likley continue to be a very strong seller's market with high buyer demand and record low inventory.

 

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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 Leavenworth-area 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.