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Leavenworth real estate sales ARE occuring albeit slowly. Prices are down but not as significantly as we’re seeing in other areas of the state and the U.S. If we compare to Wenatchee, our neighbor to the east - real estate values look pretty good.

Based on the last “real estate snapshot” provided by Pacific Associates Appraisal service compiled from the North Central Washington MLS statistics, home sales volume is significantly down overall, sale prices however don’t look as bad in the upper valley. Wenatchee’s home prices are 22% lower than the same period a year ago.  The Leavenworth area has only seen a 9% loss in sale prices.   

Sales volume is not significant with a total of 39 closed sales to date, of which 28 sales were written in this year.  Eleven of themwere written last year and “drifted” into the 2010 closed sale totals. Still the number of pending sales in 2009 at this same time was at or near zero, so quite an improvement in the market year over year!

In addition to the closed sales there are presently 17 more pending and we’re seeing ongoing buyer inquiries. The interest seems more significant outside of the Leavenworth proper and fairly noticeably in the Plain-Lake Wenatchee area. Significant purchases in town have been condominiums, which due to the excess inventory became a “price’em to sell” environment. Single Family residential offerings are not showing significant signs of price reductions and as such, we’re seeing lower numbers of closed sales there. A couple of recent residential sales in the immediate valley floor reflect noticeable seller motivation.

There are 174 residential units presently on the market providing a good selection of properties from which to choose. There are cabins and condos for sale from Lake Wenatchee to Leavenworth and Peshastin for full-time or weekend ownership. As a purchaser you’ll certainly want to evaluate the various offerings and consider carefully as you make that move toward your Leavenworth real estate purchase.

This provides a brief sketch of the market and should you consider selling or wish to buy I’ll be happy to assist you in your efforts. Give me a ring and let’s find a time to get together and discuss your real estate needs.