BUYER’S GUIDE
If you’re planning to buy a home in this area, the best place to start is with the Leavenworth Home Buyer’s Guide.
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Leavenworth Real Estate Update
I ran some stats today for the Leavenworth real estate market. The statistics show what my instinct tells me. Generally it is a Buyers market based on months of inventory and percentage of pending listings. However, sellers are continuing to raise prices and are perhaps more confident than they should be. Of course all of this depends on price point and location. These statistics …
Pending Ratios
As I’ve discussed before, pending ratios are a good way to look at how “hot” a particular real estate market is and to compare it to other markets or the same market at a different time. I noticed today we have 83 active listings for single family homes in the Leavenworth area. This is certainly a lot more than the 40 some we had …
Market Update
I had a spare moment so I decided to take a look at market numbers for the Leavenworth market. I think this is really important since these numbers are in contrast with housing sales nationally. (National Stats) If we look at the number of homes (single family, not condos or manufactured homes) sold in 2006 we see an increase of 7% in the number …
Market Review
The local Windermere offices in Wenatchee and Leavenworth have recently published a market review which has local real estate statistics for 2005. (I will mail you one for free if you ask.) Average prices for local towns (excluding new construction): Wenatchee $189,000 E. Wenatchee $188,000 Cashmere $182,000 Leavenworth $267,000 Those prices seem ridiculously low, don’t they. Yep, that was 2005. Old news. As of …
20%
20%. That’s the big number that just came out from the recent Real Estate “Snapshot” put out by Pacific Appraisal in Wenatchee. There has been an overall gain of 20% value in real estate in the Wenatchee Valley since last year. Not all properties appreciated at this rate. Some market sectors are hot and others less so. Ramblers and their convenient one story living …
Mandatory Zillow Discussion
Will Zillow revolutionize the real estate industry? That’s the question that seems to have surpassed all the bubble babble these past few months. For those that don’t know, Zillow is a website that claims to help home owners price their home using sophisticated computerized pricing analysis. Really it’s just an attempt for the website to get their share of real estate agents marketing dollars. …
Multiple Offers
This is a hot market and I am finding myself representing clients in multiple offer situations more and more. I can think of 7 instances recently where this occured. Only once has my client not received the property they were hoping for. As a buyer, you should be prepared to act quickly and decisively. Get pre-approved from your lender before you start looking. If …
2004 Growth in Local Real Estate
No real surprises here. The Leavenworth and Cashmere real estate markets continued to see great growth in 2004. The average price of a 2 bedroom home in Leavenworth went from $196,000 in 2003 to $210,000 in 2004. 3 bedroom homes went from $260,000 to $295,000. These are gains of 7% and 13.5%. The average home price went from $219,000 to $254,000, a nearly 12% …