Spring home sales in Leavenworth remained strong this year, despite a late appearance by Old Man Winter in February. The number of closed sales was nearly identical to the same period in 2018 and both median and average home prices increased dramatically. The average sold price for a single family home during this 3 month period climbed to $580,000 for a home in the Leavenworth zip code, while the median price rose to $550,000.
Geordie Romer's blog
For some reason, we like to think of the first quarter of the year as Spring, but that isn’t really the case is it? Only the last week and a half is Spring, but the rest is Winter on everyone’s calendar. This was certainly the case in Leavenworth this year, with February delivering a series of storms and snow flurries that were sure to delay spring and with it, the start of the real estate season.
Buyers, sellers, real estate brokers, and appraisers all find themselves asking the same question.
Is the real estate market in Leavenworth slowing down?
We read reports in the Seattle papers about their market cooling off and wonder if the same thing is happening here. Are we headed to a more balanced market with more options for buyers or a systemic crash like we experienced in the recession?
Thanks to Don Hester of NCW Home Inspections for sharing with us his thoughts on wildfire smoke and indoor air quality.
As most of us in Leavenworth and Wenatchee have seen, breathed and muddled through, fire season and the related wildfire smoke has been more severe in the last several years.
Looking back at the second quarter Leavenworth real estate statistics for 2018, we see a familiar theme. Buyers continue to struggle with very limited choices in the Leavenworth market. More homes always get listed for sale in the spring, but it’s just not enough this year.
While there were nearly 100 newly listed homes for sale, too many are at price ranges that are out of reach for most buyers.
Of the 95 new listings in Leavenworth this quarter, an incredible 17 (18%) are listed for $950,000 and up. Only 1 has sold.
Guest Post by Don Hester of NCW Home Inspections, LLC a Licensed Washington State Home Inspection service located in Wenatchee Washington
A recent house fire in Leavenworth has numerous homeowners wondering "Can heat tape cause a fire?"
On January 19, 2018 Governor Inslee signed the Hirst fix legislation passed by the state legislature as SB 6091. This fixes the very troubling 2016 Washington State Supreme Court ruling known as the Hirst decision.
2017 Leavenworth home prices set many new records. We have had five years of increasing prices and home sales in a row, but this was the first year that all of these numbers surpassed the records set in the “bubble” years of 2006 and 2007.
A record 178 single family homes sold in Leavenworth in 2017. This is a 10% increase from both 2016 and also 2006.
UPDATED JANUARY 2018
The Washington State legislature passed SB 6091 which fixes the state Supreme Court ruling known as the Hirst decision. Governor Jay Inslee signed the Hirst fix legislation January 19, 2018. We will link to a blog post with new information - this is good news.
In the past year, we have heard a ton of Chelan County well drilling myths in the wake of the Hirst decision, many of them unfortunately propagated by the Wenatchee World.
In the summer of 2017, the Leavenworth home prices continued on the path we have seen for the past few years. Demand remains strong and inventory very low.
The number of new listings that came on the market in Leavenworth was identical to the summer of 2016, but since we had a dearth of listings coming into summer it meant not enough homes for sale. The total number of home sales in 2017 is at record levels, despite the lack of choices.