Leavenworth Real Estate Stats for Q1 2008
Leavenworth real estate prices for both houses and condos have continued their upward trend in the first quarter of 2008. This includes the area from Peshastin to Stevens Pass including Lake Wenatchee, Fish Lake and Plain.
In the past, I have focused on comparing year to year trends, but this quarter I decided to compare 2008 to the past few years.
As you can see, home prices (both average and median) were a bit down in Q1 of 2007, but have rebounded in 2008. We have seen average home prices (for single family stick built homes) go from an average of $251,000 in 2005 to $420,000 – a 67% increase!
Inventory of single family homes went up 8% from last year to 131 active listings, but new listings were down considerably (31%). I think the national news is convincing some folks to hold off on selling their home if they don’t really need to right now.
The number of houses that sold during the first quarter is up from 20 to 24 (a 20% increase), but down from 25 in 2006 and 32 in 2005.
As of April 6, there are 80 homes for sale in the Leavenworth area at an average price of $589,000.
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