Spring 2015 Leavenworth Home Prices
It continues to be a very busy year and Spring 2015 Leavenworth home prices made some big gains. The big number that sticks out is the number of home sales in the second quarter. As you can see, 47 closed sales from March to June of 2015 is a record in recent history beating out peak years like 2006. More dramatically, it was 3 times the number of homes that sold in the spring of 2009. Many homeowners, especially those who purchased their home at the peak of the last real estate boom in 2006 and 2007 want to know if the market has recovered from the “great recession.” Average and median prices are certainly getting close to those peak numbers, but we aren’t quite there yet. For the first 6 months of the year, Leavenworth home prices are much higher compared to 2014. The year to date average price is up 16% to $391,000 while the median price is up 12% to $365,000. Two thoughts come to mind when reviewing these sales data. 1. Each neighborhood and price range behaves a little differently. Prices at Fish Lake don’t always mirror prices at Kahler Glen or the Ponderosa Estates. The chart above only describes the average and median prices. 2. Demand is a big driver of price. Looking at the record number of closed sales, it’s safe to assume prices will continue to climb as we get further into 2015. ********************************************************************************************************** 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.
