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
7 Brilliant Reasons Why Leavenworth is the Ultimate Re...
Retiring in Leavenworth, Washington is the perfect opportunity for those seeking a scenic location to spend their golden years. With its picturesque mountains, outdoor recreation opportunities, and unique Bavarian architecture, Leavenworth is a popular destination for retirees. 1. The Weather in Leavenworth One of the most significant benefits of retiring in Leavenworth is the area’s weather. The region features four distinct seasons, with warm …
Leavenworth Home Prices 2022
2022 was a dramatic shift from the pandemic real estate boom many markets like Leavenworth experienced in 2020 and 2021. A massive spike in mortgage interest rates, rapidly increasing inflation and recessionary fears caused an abrupt slowdown in buyer demand. Leavenworth was not immune to these economic trends. Additionally, 2022 started with a record snowfall that shutdown and slowed down nearly everything for weeks. …
Leavenworth Home Prices Fall 2022
We’ve seen a lot of descriptions for the recent shift in the real estate market, but a “return to normalcy” seems like it might be the most accurate. Both the number of homes sold this summer and the sales prices are less than the crazy records set during the pandemic, but there’s certainly nothing to suggest a return to the “Great Recession” like we …
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 …