Leavenworth Home Sales through the Third Quarter 2011
Posted on October 19th, 2011 by admin
By dollar volume and by transaction volume, sales of homes and condos in Leavenworth at the end of September are down by 10% throughout the year compared to 2010. The good news there is that the average sale price has actually shown a slight improvement, by 1% from 2010 during the same time period. Median home price has dropped by 24% for the year.
As in most markets, the majority of the activity has been in the lower price ranges, in Leavenworth that means below $400,000. There were two sales over $700,000, which help to keep that average sale price up.
You can see all the data on the Pacific Appraisals Snapshot Report for Leavenworth.
2 Responses to “Leavenworth Home Sales through the Third Quarter 2011”
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That’s a pessimistic look at an improving market. Prices in Q3 for single family homes in Leavenworth (both median and average) are up almost 40% over 2011. Condo sales continue to be slow, but single family home sales are doing pretty well this summer after a horrible spring quarter. In 2010 we saw a market dominated by low end sales and distressed homeowners, in 2011 we are seeing much more of the higher end home sales – not just the $800,000 sales but also the return of the $500,000 sale too.
One of my biggest complaints with these reports is mixing condos with single family. The markets move independently so it’s foolish to pretend they are the same.
Geordie, You sound a bit like Lawrence Yun at the NAR! It’s always a good time to buy in Leavenworth? Pacific Appraisals has no pony in this race, other than to present the facts as they are. Please share you data that shows a comparable home is up 40% over last year. That would be news. I agree that there is difference in the condo and home markets, but I would not call them completely independent. Many of the same factors impact both areas. In this case, that is how Pacific Appraisals chooses to present the data.
I just had a look at your reports from the last two months. They show all the homes that sold. If you do a comparison that shows year over year, I would love to link to it. A comparison that shows the relative values of comparable homes for the last several years would really be something that is unusual. Average and median values speak more to what buyers are spending than what a given home’s value might have been over the last few years. Thanks for commenting!