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Why Electric Heat in Leavenworth?
As you walk through homes around Leavenworth, you may notice that most people have baseboard electric heat, electric furnaces or heat pumps, and electric stoves. In fact the only gas you may see is a gas fireplace. Why do most Leavenworth residents have electric heat and appliances? The answer: Chelan Co. has one of the lowest electric rates in the state. The Chelan Co. …
Leavenworth 3 bedroom home prices explode!
I was running some numbers today for a Windermere publication that comes out quarterly. It uses average prices of sold 3 bedroom homes as a gauge of the market. For the first half of 2006, the average 3 bedroom home in the Leavenworth area. (including Plain and Lake Wenatchee) was $375,000. For the second half it is up to $458,000. I double checked. Those …
Two Years of Blogging
It’s hard to believe that I’ve been blogging about real estate now for two years. In the beginning it was just a few statistics (market updates) but mostly it was another venue for me to talk about my listings. Obviously that wasn’t particularly exciting or engaging – not for me or for my readers. As I learn more about the blogosphere and about real …
Luxury Homes in Leavenworth and Wenatchee
Last Sunday’s Seattle Times Real Estate Section had an article about the price of luxury homes these days. The article discussed what a million dollars will buy you in the Puget Sound area these days. While you can get a great house, these homes are no longer considered luxury homes. In King County, this is now reserved for homes priced $3 million or more. …
North Road Auction
Many of you know that I am the listing agent for the spectacular brick rambler on North Road in Leavenworth. This great home was listed for $1,000,000.00 and we had a lot of interest in it. The home is under contract and we expect it to close shortly. This home was the home of Ruby Smith and her estate will be auctioning all the …
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 …
Absorption Rates
What is an absorption rate? It is the average number of houses that sell per month and it tells us what kind of inventory we have. I ran some numbers today which confirm what I thought was the case. Currently there are 57 single family homes (not including condos or manufactured homes) in the general Leavenworth market. This includes Plain, Peshastin, and Lake Wenatchee. …
No permit, no well, no septic
Think this might be a problem for selling a house? Apparently not in today’s real estate market for Leavenworth Washington. Two homes recently popped on the market just outside of town. Nice little fixer upper cabins. Cabins without water, wired for generators and hooked up to sketchy homemade septic systems. Both received multiple offers in just a few days. A surprise to a number …