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David asks about Leavenworth condos under $275,000

Posted by Geordie Romer on July 1, 2010

In response to my most recent post about the Leavenworth real estate market, David asks:
What do you think of Leavenworth condos under 275K? It seems to me there are an awful lot of those for sale now. Some of the Ski Blick are under 275, there are 3 Alpine condos, etc.
Thanks for the great question David.
The Leavenworth condo market isn’t a monolithic group. It is made of many sub-sets and buyers usually aren’t willing to move from one sub-set to another. For example, if you want a condo at the Kahler Glen golf course you wouldn’t trade for one in town, just because the price is less.
Currently we have 25 condos for sale under $275,000 in the Leavenworth area.
6 condos are for sale at the Kahler Glen Golf and Ski Resort near Lake Wenatchee.
6 Condos are for sale at Ski Blick on Titus Road. (cannot be used as vacation rentals.)
5 of the condos are in other developments that cannot be used as vacation rentals.
3 are at 475 Alpine Place (of the 6 total units in that development)
2 are at 575 Alpine Place
3 are at other developments that can be rented as vacation rentals
The easiest groups are Kahler Glen vs Leavenworth (6 and 19) or vacation rental vs non-vacation rental (14 vs 11) or best yet a combination of all 3.
Kahler Glen 6
Leavenworth non-vacation rental 11
Leavenworth vacation rental 8
Now let’s look at which 19 condos have sold in Leavenworth in the last 12 months:
5 at Kahler Glen
6 at Cascade Crest (1107 Front Street)
2 at 525 Alpine Place
2 at Ski Blick
4 non-vacation rental
If we break it down into our 3 main categories as before:
Kahler Glen 5
Leavenworth non-vacation rental 6
Leavenworth vacation rental 8
Are condos in Leavenworth under $275,000 in a buyers market?
You bet, but some are more than others:
Kahler Glen: 14 months of supply
Leavenworth non-vacation rental: 22 months of supply
Leavenworth vacation rental: 12 months of supply
What about condo prices?
Average SELLING price of Kahler Glen Condo: $266,000
Average SELLING price of Leavenworth non-vacation rental: $174,000
Average SELLING price of Leavenworth vacation rental condo: $228,000
What do you think is the best value in the Leavenworth condo market today? I’d love to hear your thoughts.
(Want to look at current condos for sale? Click here Leavenworth Condos for Sale )
Required Disclaimer
NOTE: This representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.



    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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