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Leavenworth Real Estate Update – Quarter 3 2009

Leavenworth Buyers and Sellers are in a Stalemate. Photo by Lilit In most markets, an oversupply of  product (in this case homes) leads to a drop in prices which then leads to sales. The law of supply and demand. When supply exceeds demand, prices fall. Of course, loyal readers know that the Leavenworth real estate market is no “normal” market. For some time we …

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Ponderosa Estates to Ban Vacation Rentals?

The Chiwawa River Pines neighborhood‘s discussion about prohibiting vacation rentals has been a hot topic on this blog and a heated discussion at the association meeting has recently turned into a lawsuit. It seems that the Ponderosa Estates neighborhood aka the Ponderosa Community Club is considering doing the same. Bill Griffin, current President of the Ponderosa Community Club writes in the September issue of …

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Discounts on Leavenworth Homes

As a Leavenworth real estate agent one of the most common questions I hear is “How much should we offer on this house?” The answer always depends on the motivation of the seller, time on market, and a dozen other factors. While we do expect to see some low offers in a buyer’s market due to the oversupply of homes , buyers often ask …

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Record Number of Leavenworth Homes for Sale

Leavenworth has too many homes for sale. End of Story. Leavenworth Real Estate News Each year the number of homes on the market waxes and wanes throughout the seasons. In Leavenworth, like most areas in the United States, home sellers put their homes on the market throughout the spring and summer months. Because of the snow and wintry conditions, it’s common for some sellers …

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FHA Mortgages – Loans for Limited Repairs

This is a Guest Post provided by Kevin Rimes, of Taylor Mortgage in Wenatchee HUD has developed an FHA insured mortgage, called the “Streamline (K)” Limited Repair Program that permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property repairs …

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Leavenworth Real Estate – First Quarter 2009 : M...

  Looks like you get your choice of headlines for the latest in Leavenworth real estate news:           Leavenworth Home Sales Drop 60%! Leavenworth Home Prices Plateau! Leavenworth Home Prices Up 7%! Leavenworth Real Estate Investments Trounce Wall Street!       Is your glass half full? Photo by Jesie Hart   It appears as though the trends we have been seeing for the last …

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Leavenworth vacation homes – new tax rules for 2...

Owners of Leavenworth vacation homes or people considering buying a vacation home should be aware of some recent tax law changes that may effect you. Before I go too much further, I have to state this obvious disclaimer. I am not a lawyer, CPA, or tax professional. Please use the following information as a starting place for your discussion with a tax professional.   …

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Unlisted Homes in the Leavenworth Luxury Market

Searching for a home in any market can sometimes be a frustrating experience. In the Leavenworth real estate market it is even tougher because there are so few homes for sale. I have seen inventory as high as 150 homes, but this includes Leavenworth to Lake Wenatchee and Stevens Pass and price ranges from $150,000 to $3,000,000. Buyers looking for a cabin under $300,000 …

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Cashmere Real Estate Update for 2008

 While I feel good about the constant updates we have done about Leavenworth and Lake Wenatchee’s market activity, we haven’t done nearly as many real estate updates for Cashmere. ( We’ll have to add “More Cashmere Real Estate News” to our to-do list for 2009″ ) So let’s get to it shall we, how did Cashmere’s real estate market do in 2008?        …

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Riverpark Condo Auction Update

Leavenworth had its first auction for condos on Saturday December 13 for the Riverpark Homes located on Main Street. Simultaneous bidding occurred in Leavenworth and in Kenmore. Approximately 50-60 people were on hand in Leavenworth, though most were local agents, builders and looky loos. There were perhaps 10 buyers in Leavenworth.  [youtube]http://www.youtube.com/watch?v=YyY0ACy6_hg[/youtube] 6 condos sold during the auction which means the building is now …

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