BUYER’S GUIDE
If you’re planning to buy a home in this area, the best place to start is with the Leavenworth Home Buyer’s Guide.
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Category Archives: Leavenworth Real Estate Market
Leavenworth Real Estate Prices Spring 2023
The real estate market in Leavenworth in 2023 is a hard one for many people to wrap their head around. The number of listings is generally low and supply is outstripping demand, but demand is moderate, not robust. Some parts of the market are quiet with sellers reducing their list prices, while other sellers are experiencing bidding wars and record prices. In the spring …
Are there new Chelan County short term rental rules?
In a previous post we outlined Leavenworth vacation rental rules for those interested in a short term rental in the city limits of Leavenworth. This article will follow up with an overview about Chelan County short term rental rules for properties in unincorporated areas outside of Leavenworth. Vacation rentals are known as short term rentals or STRS or even “nightly / weekly rentals.” Any …
How to Calculate Months of Supply
We use the term “months of supply” in real estate to tell us how much inventory of homes for sale we have on the market. The months of supply is the time it would take for all the current inventory to sell if it all sold at the current rate without new inventory coming on the market. What does supply mean in real estate? …
Leavenworth Real Estate Update Spring 2022
As most folks have heard, the Leavenworth real estate market has changed dramatically in recent months. Mike Simonsen, a real estate analytics expert at Altos Research, declared on May 30th “the pandemic real estate frenzy is over.” Simply put, inventory is increasing, demand has slowed and prices are not increasing at the astronomic rates that we have seen in recent years. However, real estate …
Lake Wenatchee Real Estate
Real Estate at Lake Wenatchee and Fish Lake has really taken off in the last decade. Lake Wenatchee’s popularity comes from the wealth of recreational opportunities (boating, fishing, windsurfing, hiking, snowmobiling, skiing, golfing) and its proximity to the Seattle area. I wrote about Fish Lake real estate in a previous post, so this article will be mostly about Lake Wenatchee. There are two roads …
2021 Leavenworth Home Prices
Leavenworth home prices continued their ascent in 2021 fueled by the same factors that we saw in 2020, though perhaps at not quite as dramatic a pace. Buyer demand remained very strong and limited inventory caused prices to climb. The number of homes sold in the Leavenworth area dropped from 193 to 171, which is very similar to 2019’s number. Demand continued to be …
2021 Spring Home Prices – Leavenworth Washington
At the risk of sounding like a broken record player, the Leavenworth real estate market has not ceased to astound all observers. The second quarter of 2021 broke all sorts of new ground, driven by buyer demand that continues to radically outpace supply. While the average consumer might gasp at the increase in Leavenworth home prices, the statistic that grabs us is the record …
How much should I offer over asking price on a Leavenw...
With record low inventory in the Leavenworth real estate market and extremely high demand, bidding wars are becoming commonplace. Many buyers are asking what they need to do to compete right now. How much should I offer over asking price on a Leavenworth house in 2021? As of June 2021, 59 single family homes have sold in the Leavenworth zip code. Five of these …
2020 Leavenworth Home Prices
2020 was an unexpected and unprecedented year in every way imaginable. No part of our lives or the economy was left unchanged from 2019 and real estate, especially in Leavenworth, was no different. Massive demand led to a huge increase in 2020 Leavenworth home prices. In the early spring months of March and April, we assumed that lockdowns and stay at home orders would …
Leavenworth Home Prices Summer 2020
When we wrote our spring market update for the Leavenworth real estate market, our fear was that inventory might not be able to meet the extremely strong buyer demand. It seemed likely that Leavenworth home prices would climb in the summer of 2020, but without any properties to sell the number of homes sold might come to a halt. Luckily, the number of new …