Across the country, buyer demand for homes skyrocketed and inventory remained at record lows throughout 2020. Locations popular for vacation homes, like Leavenworth, turned into “zoomtowns” and folks decided to relocate and work from home and homeschool in a new location, away from the big city.
This massive increase in demand, coupled with an existing lack of homes for sale, made for an extreme seller’s market. 2020 Leavenworth home prices, for both average and median home prices, reached dizzying new heights in 2020.
The average Leavenworth home price was up 35% to $722,000 and the median sales price was also up 27% from $489,000 to $620,000.
While there was much talk of this price increase being driven by the lack of homes for sale in Leavenworth, the number of sold homes tells a different story. 192 homes sold in Leavenworth in 2020 which is a new record and up 12% from 2019. High demand for homes appears to be the biggest driver of home prices.
Read the full report here: 2020 Leavenworth WA Home Prices