Sale price to list price within 1%



Leavenworth single family homes:
New listings up 13% (29/54)
Number of closed sales down 23% (69/53)

Average sales price up 21% ($299,898/363,094)
Sales price to list price within 3%


Observations:

In general, inventory appears to be up and closed sales down over the same period last year.  Although prices are up dramatically, I think the prices are now stabilizing.   



Part of what is pushing the average sales price statistic up is the lack of inventory in the affordable home range.   With land becoming so expensive builders cannot afford to build the  "starter" homes.  Perhaps the increased availability of condos will allow ownership to still be attainable to the first time home buyer, while builders feed the baby boomers and those "moving up".   Current condo inventory ranges in price from $99,900 - $540,000 in the Wenachee market. 


We have a strong and diverse economy and, in my opinion, it is highly unlikely there will be a downturn in prices.  We will see a much needed stabilization.  The condo trend should help take some pressure off of the demand for single family homes in the Wenatchee area.  


Note:   Data is from NCWMLS sales activity.  All information is deemed accurate, but not guaranteed. 




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Carol Williams  TopTeamCarol@gmail.com

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