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Category Archives: Leavenworth Real Estate Market

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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 …

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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 …

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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 …

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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. But how to calculate months of supply …

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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 …

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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 …

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Leavenworth Condo Update – 2020 Mid Year

Earlier in the spring we documented the struggles that many condo sellers were having in the Leavenworth real estate market.  At that time, buyer demand for condos appeared low and inventory was starting to increase. Looking back at the first six months of 2020, it looks like demand for condos has returned and inventory is quite low again. While the number of closed sales …

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Leavenworth Home Prices Spring 2020 Leavenworth Real E...

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 …

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Leavenworth Condos in 2020

In early March of 2020 it became apparent that the coronavirus could likely have massive effects on the world economy including real estate markets in the United States.  By the end of March, Washington State was under a “Stay Home, Stay Healthy” order from the governor. Real estate was soon dubbed an “essential service” and limited real estate activities would be allowed with new …

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2020 Leavenworth Home Prices | 1st Quarter Market Repo...

Leavenworth’s real estate market in the first quarter of 2020 began with the common theme of high buyer demand and low inventory.  This is very typical of the Leavenworth area where many sellers take their homes off the market for the winter months and re-list in the spring. While challenging to quantify, we have anecdotal evidence that motivated buyers and their brokers were scouring …

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    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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