Leavenworth Washington in the News

Carol-

That's a great question. Generally we look to the local economy as a big indicator of what the real estate market will look like. Certainly losing the mill is a big deal and I'm sorry to hear we'll be losing a number of good paying jobs.

That being said, I don't think it will effect the home prices that much. Most of the buyers in this market are second home and vacation buyers. I think any homes sold due to the mill closing will be in a price range that will get gobbled up either by locals hungry for affordable housing or by vacation buyers.

I think this closure will have a huge effect on the employees, but not much of an effect on the housing market.  I don't think we'll see a increase in foreclosures because demand is high enough that the owners can sell and walk away with profit.