Leavenworth Real Estate Update Spring 2017
Most quarters we focus on the sales activity in our Leavenworth real estate update. We look at info about the number of sales, and the median and average home price to give us an approximation of the health of the real estate market. Large numbers of home sales and increasing prices tell us that demand is high.
This quarter we’ll mix it up a little and talk about the “elephant in the room” (or is it a 300 lb. gorilla?)
We have mentioned it for sometime, but in recent months it’s gotten out of control. The lack of supply is the biggest factor right now in the Leavenworth real estate market.
The blue line is the number of homes for sale. Each year the number of homes available increases in the spring, peaks in the summer and then hits its lowest point in the winter.
In recent months we have looked at inventory and have told homebuyers that there are only 45 or 50 homes for sale in Leavenworth. But this doesn’t mean there are 50 homes to choose from. This is the TOTAL number of homes for sale ranging from $100,000 shacks to $2,000,000 lakefront homes.
In most price ranges, buyers have only a handful of choices.
The bottom line is that 2017 is a great time to sell a house in Leavenworth. If you are considering a move, don’t hesitate to reach out to us.
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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.