Leavenworth Homes Sales – 1st Quarter of 2013

After a healthy increase in sales activity in 2012, I think we all had big expectations for 2013.
Unfortunately, we had a huge storm in December which I think delayed sales at the beginning of the year. (For example this January only 2 homes closed compared to 8 the previous year.)
Here’s a great video of the snow and the down trees for those of you not familiar with the storm. (Closed roads, down trees and power outages make for poor showings.)
http://youtu.be/9xkE6y7LN6U?t=34s
Looking at all three months of the 1st quarter of 2013, it is mixed bag.
The number of closed sales is clearly down.  These dropped from 20 to 14.  (Which is similar to the difference in just January sales as I mentioned earlier.)
The good news is that the number of pending sales this quarter is up significantly from 15 in 2012 to 26 in 2013. I think this is some indication that we will have continued buyer activity in 2013 as expected.
The average price for a single family home in Leavenworth stayed almost even, dropping slightly from $326,000 to $325,000.
However, the median price went up from $273,000 to $289,000.
As we move on into the spring season, I expect that we will see continued strong buyer demand with prices staying flat or possibly increasing slightly.
I don’t see a strong bounce in prices this year like we are seeing in the Seattle market since we aren’t seeing the same lack of inventory that they have there. (But that is a story for another 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.