Leavenworth Real Estate – Great Deals
It’s no news that the real estate market is quieter now than it was in 2007 or 2008. Luckily (for home sellers) home prices have not really fallen in Leavenworth like they have in places like Seattle or worse, Detroit. A quiet market can be a great opportunity for a savvy real estate buyer, so with that in mind, here are my thoughts on some great bargains that can be had.
Kahler Glen Condos
Condos at Kahler Glen have always been popular. They are large for two bedroom units ( 1266 sqft) , located on the golf course, and can be easily added to the Kahler Glen rental pool. In 2004, the median condo sold for $170,000. In 2006, it was up to $275,000. In 2007 and 2008, the sales prices were up to $325,000. Currently, there are 3 condos available, each with listing prices of $299,000. I would be surprised if a buyer couldn’t get a discount off that price and be closer to the 2006 prices. You can see all the Kahler Glen Homes for Sale Here.
New Construction Condos in Leavenworth
Let’s face it. The Leavenworth condo market is overbuilt. There are currently over 40 newly built condos for sale in Leavenworth which is probably 3 times as many as could possibly sell in one year. Click to here to peruse the selection of Leavenworth Condos for Sale and don’t be shy about making lowball offers.
Cabins in Ponderosa Estates
The Ponderosa neighborhood outside of Plain, has offered some of the best values in cabins over the past few years. In 2008, 13 homes sold in this neighborhood at an average of $340,000 with a median price of $314,000. Currently there are 12 homes available at an average of $259,000 and median of $306,000. Not every home for sale is a bargain, but there are some great ones here if you have been looking for a Leavenworth or Lake Wenatchee area cabin. You can click here to see everything for sale in Plain’s Ponderosa Neighborhood.
Building Lots in Ponderosa Estates
In 2007 I scoured the market trying to help builders find decent lots in the Ponderosa Estates neighborhood. A flat lot on a decent street was selling for about $100,000 and everyone was looking for a deal. Currently there are 4 lots for sale in Ponderosa ranging from $79,000 to $99,000 and some are on great streets with pancake flat topography. Remember, these are listing prices. Sales prices are likely to be even lower!
First Time Homes in Leavenworth
Currently there are 9 single family homes for sale inside the Leavenworth city limits for sale for under $300,000. Houses aren’t cheap in Leavenworth, but you can get more for your money in 2009 than you could in 2008. There are a number of programs available to make it easier for first time buyers.
$8000 tax credit from the Federal Government
0% down USDA loan program for “rural development”
3% down FHA loan
Click here to Search for Leavenworth Homes for Sale
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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.
