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Leavenworth Home Prices, Quarter 3 2010

What are Leavenworth home prices doing?  The easy answer is that they are dropping, but not nearly as dramatically as elsewhere in the country, or even Washington State. The chart below  has 4 metrics measured from 2004-2010. The first two are the average home price and the median home price for the 3rd Quarter. The second pair are the Year to Date average and …

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Working Harder to Sell Your Leavenworth Home

I spoke with a homeowner the other day who was disappointed by the results that he got from the three agents who had previously listed his home. His big question to me was great –  “What do you do that is pro-active when it comes to selling my home?” I started my answer telling him about the marketing we do on the internet.   …

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Leavenworth Home Prices Spring 2010

Reporting about Leavenworth home prices usually starts with a great image of a half filled cup.  It’s rarely a simple story and there is both good news and bad depending on whether you are buying or selling a home. Let’s start with a chart comparing Q2 of 2010 to previous years. Leavenworth Real Estate 2010 So what does this tell us? The number of sales …

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Leavenworth Neighborhoods: Buyer’s or Seller&#82...

With a record number of homes for sale in Leavenworth, we generally are telling folks it’s not the best time to put your house on the market.  The corollary of that, of course, is that it is a great time to be a buyer. But even our small market in Leavenworth is made of a number of different sub-markets and neighborhoods and while we …

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Buying FHA after a Short Sale

This just came in my email from Darel Ansley at Peoples Bank in Wenatchee: Maybe everyone else already knows this, but I just learned this week, that a person can actually sell their home through a short-sale and immediately buy a new home with FHA financing !!  I was shocked.   Here are the general limitations:  1)    The client must stay current on their payments …

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Why doesn’t my Leavenworth home get more showing...

If you are asking this question about a current home in Leavenworth, think about the following dilemmas. Overpriced. With over 160 Leavenworth homes for sale  homes that are not aggressively priced aren’t likely to get shown. Expensive homes. Let’s face it. Very few homes sell above $700,000. Expect fewer showings because less qualified buyers exist. Tough showing instructions. 24 hr notice? Listing Agent must be …

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Leavenworth Supply of Homes Continues to Grow

A few times last year I wrote about the record number of homes for sale in Leavenworth and Lake Wenatchee. The first quarter did see an increase in the number of sales in Leavenworth, but I am worried that too many home sellers think that the market has regained its past glory. Unfortunately, it looks to me like we will continue to break new records …

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Our Graph : Your Headlines

  I thought I would try something a little different this quarter. I’ve posted the chart showing the trend in prices and I’ll leave it up for a few days for folks to add their own headlines or commentary about what they think is going on. I’ll post my thoughts later in the week.       The second chart shows the volume – …

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Writing Offers in the Leavenworth Real Estate Market

Mostly when we look at sales statistics in the real estate world, we are looking at a few numbers. Closed sales and pending sales are the most important. But before a home goes “pending” it needs to be shown to prospective buyers and it needs to have written offers presented. The numbers of showings that a certain property receives and the number of offers …

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Leavenworth Condo Update: Spring 2010

The Leavenworth condominium  market seems to be on the road to recovery. There are still some bumps in the road, but we are headed towards a healthy market again.   In 2009, 18 condominiums sold that were recorded in the North Central WA Multiple Listing Service (MLS).  This does not include condos sold at auction in December of 2008 that closed in 2009. In 2010 …

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