As we expected, 2013 continued the positive trends that we saw in 2012. The number of sales each year is going up significantly and with this increase in demand, home prices are starting to creep up as well.
For sellers or homeowners, this is welcome news – though buyers who were waiting to buy might be disappointed by the recent increase in prices or lack of choices.
Both the number of sales for the quarter (45) and the total number of sales for the year (138) are much improved over any year since 2006 – including 2007 which was a great year in Leavenworth.
Leavenworth home prices have finally started to go up in 2013. The average home price for a single family home in Leavenworth was $378,000 which is up 12% from $335,000 in 2012. The median sales price in Leavenworth is up as well from $299,000 to $327,000.
What will 2014 hold for home prices and real estate activity in Leavenworth and Lake Wenatchee?
We expect the trends for demand and prices to continue to hold steady in the new year. We are already starting to see a shortage of inventory in many price ranges and neighborhoods. From what we can see at this point, 2014 is probably a great time to sell your Leavenworth house if you are inclined to make a move.
Read the full article and see the accompanying charts at our blog:
http://iciclecreekrealestate.com/2014/01/14/2013-leavenworth-real-estate-statistics/
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