Snapshot report for July Residential Sales for Leavenworth and Cashmere
From Pacific Appraisals comes August results in Snapshot reports for Leavenworth and Cashmere. This information is culled from the Wenatchee multiple listing service.
From the report, Leavenworth:
The Leavenworth market finds itself slightly better in comparison to 1 month ago, but still significantly behind where it was 1 year ago. The total number of sold single family homes is down 48% from a year ago. Interestingly, both the median and average home sales price are higher when considering YTD. Currently there are 194 homes on the market, which translates into a 48 month supply at current selling rates.
It was a pleasure to see Geordie Romer yesterday at ReBar Camp in Seattle. Looking at his latest posts, it looks like we all concur that the market is still a bit slower than last year!
And for Cashmere in July where only 1 home sold:
The Cashmere market continues at sluggish pace when considering single family purchases in comparison to 1 year ago. The total volume is approximately 58% behind last year at this time. The number of sold single family homes remain close to 50% of last years numbers. In contrast, the average homes sales price remains stable by comparison at only 5% lower. The median home sales price remains significantly less at -23%. The volume of homes currently listed remains significantly higher than last year at this time.
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