Leavenworth 3rd Quarter Home Sales 2013

Leavenworth 3rd quarter home sales were not as strong as those in the 2nd quarter of 2013, but continue a trend of strong sales volume and increasing prices in 2013.
We are seeing this in a number of sectors of the Leavenworth real estate market including condominium sales and even manufactured homes.
Leavenworth Condo Sales
14 condos sold in Leavenworth and Lake Wenatchee in the 3rd quarter of 2013.
Year to date, a total of 20 condominiums have sold in Leavenworth and Lake Wenatchee in 2013.
To give you some perspective, a total of 21 condos sold in ALL of 2012 which was a pretty decent year compared to 2011 when only a paltry 12 condos sold all year.
Prices for condos are up overall in 2013 with 8 condos having sold for more than $300,000 including some new construction in downtown as well as re-sale units at River Park (the Yellow building next to the hospital.)  For 2013 the average price of a sold condo is $268,000 with a median price of $221,000. These are annual increases of 29% and 34% respectively.
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Leavenworth Manufactured Homes
We have seen a dramatic uptick in the number of manufactured homes selling in Leavenworth this year too. In the 3rd quarter of 2013, 5 manufactured homes have sold compared to a total of 0 last year. Overall in 2013, we have seen 14 sales while we only saw 2 in 2012.  As prices for single family homes increase, we may see some buyers purchasing manufactured homes as an affordable alternative.  We also will likely see some manufactured homes sold mainly for the value of the land that they sit on. We have started to see this again in 2012 with properties along Icicle road and in the valley.
 
Single Family – Leavenworth 3rd Quarter Home Sales

While the number of home sales was up dramatically in the second quarter of 2013 the number of sales this summer was actually down compared to 2012.  This quarter saw 36 home sales compared to last year’s 40 home sales.
This is most likely related to rising prices.
The average price of a home that sold in Leavenworth this summer went up 24% from $327,000 to $409,000 while the median price went up from $303,000 to $355,000.
Year to date, the average price of single family home in Leavenworth is up from $340,000 to $376,000 (a 10% annual increase) and the median price is up from $300,000 to $329,000. (a 9 % increase)
What’s Next for Leavenworth Home Sales?
I predict a slightly larger sales volume for this fall compared to last year, assuming that the federal government shutdown is short and that the United States doesn’t default.  Prolonged uncertainty based on either of these could put a dent in consumer confidence and the real estate market.
Based on current trends, we should see 30-40 single family home sales with prices significantly higher than 4th quarter prices last year which were quite low.
 
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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.