Leavenworth Home Prices, Quarter 3 2010
What are Leavenworth home prices doing? The easy answer is that they are dropping, but not nearly as dramatically as elsewhere in the country, or even Washington State.
The chart below has 4 metrics measured from 2004-2010. The first two are the average home price and the median home price for the 3rd Quarter. The second pair are the Year to Date average and median home prices for Leavenworth. The red line across the chart shows the average for the 7 year period.
What does this chart tell us? Home prices this quarter certainly took a hit (prices are similar to 2005) , but the YTD numbers are about average (a little better than 2006.)
The chart below does link to an interactive chart that lets you scroll over the bars and tell you exactly what all the numbers are.
For those who are curious:
2010 3rd Quarter Leavenworth Home Prices:
Average $292,000 down from $375,000
Median $257,000 down from $315,000
Year to Date Leavenworth Home Prices:
Average $348,000 down from $400,000
Median $298,000 down from $340,000
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Why are prices are headed down? Though the number of sales has improved from last year, we have had 3 years in a row with very few sales. Some sellers needed to break the stalemate and did so by lowering their prices.
We’ll dive into the number of sales in the next post.
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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.
