Leavenworth and Cashmere Real Estate Sales for 2009
The Snapshot Report for the 2009 year end is now available for both Leavenworth and Cashmere.
Leavenworth experienced a 40% decline in the dollar volume of home sales in 2009. Condo dollar volume dropped by only 12% even though the number of condos sold actually increased from 2008 by 13%. In actual numbers that means 18 condos sold in 2009 as compared to 16 in 2008. The number of homes sold in Leavenworth declines by 39% in 2009 dropping from 102 in 2008 to 62 in 2009.
The median price of a home sale in Leavenworth fell by 6% and the median price of a condo fell by 13% in 2009.
Cashmere saw a 32% decrease in the dollar volume of homes sold and a 30% reduction on the number of homes sold in 2009. Since there was one condo sold in Cashmere in 2008 and none in 2009, there was a 100% decrease in condo sales. The median home price in Cashmere declined 1% from $234,750 in 2008 to $232,000 in 2009.
Pacific Appraisals has decided to only publish these reports quarterly in the future. To see the complete reports, simply click on the links above.
One Response to “Leavenworth and Cashmere Real Estate Sales for 2009”
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I’m glad to hear that Pacific Appraisals is going to a Quarterly report. As I have argued before, I don’t think there is enough meaningful data to have monthly reports that show trends. After all, real estate isn’t for day traders.
The headlines scream “depreciation” but the long term trends have really been the opposite. By my math, median home prices in Leavenworth are up 60% since 2004. For someone who owns real estate in the area this is great news.
As is my habit, I made some pretty graphs (and even some predictions about the Leavenworth market) for people who are interested.
http://iciclecreekrealestate.com/2010/01/16/leavenworth-real-estate-update-q4-2009/