Recently I wrote an article about buying a riverfront home in Leavenworth. I talked about the different options such as the Wenatchee River, the Chiwawa River and Icicle Creek. For some people, buying a home on the river doesn't compare to building a custom home on the river.
Building lots in Leavenworth and Lake Wenatchee (Plain) are more expensive every year. This is especially true with riverfront.
In 2006, 15 parcels on the river sold in the Leavenworth area. The average lot sold for $246,000 for a lot under 1.5 acres in size. The median price for a lot was $275,000.
In 2007, through the end of July, 5 riverfront lots have sold. The average price is $307,000 for approximately 1 acre.
Currently, there are 6 active lots on the market with a median price of $385,000. The least expensive is $279,000.
3 lots are under contract (pending) with an average price of $273,000.
I generally tell buyers that they should expect to pay $300,000 for a riverfront lot in today's Leavenworth real estate market. If you are interested in low bank that doesn't flood or a specific location, such as the Icicle River, you probably can expect to pay more. (Lakefront is another story all together - probably double the price.)
With only 6 lots on the market, there really isn't a huge number of choices for the consumer to pick from. The best thing to do is become very familiar with the market and be prepared (emotionally and financially) to move quickly when the right property becomes available.
Click here to search all Leavenworth properties or click here for riverfront properties in Leavenworth. (Unfortunately the second link is only good until September 07 - email me for current listings.)
5 comments:
A reader pointed out that you can't search my website for waterfront homes or land. Ouch! This is a problem with the IDX technology that my website (and every other local real estate site) uses. So feel free to email me if you are interested in a list of current riverfront homes or lots. I think I have an idea for a workaround, but it may take a while to implement.
Thanks Geordie for the article on river front property. I'll be really interested to read your future article on lake front opportunities!
www.lakewenatcheeinfo.com
Dave-
Thanks for stopping by. I would be happy to write an article about Lake Wenatchee. I did write an article about Fish Lake earlier, but there many more opportunities to on Lake Wenatchee.
A note to other readers - is there a topic you would like more info on? Send me a note and I'll write an article for you. It doesn't get better than that.
Hi Geordie,
Just wanted to give you a courteous heads up that your content is being stolen by a splogger.
Check the following site:
http://ireference.org/state-blogs/washington/20071205/riverfront-lots-in-leavenworth/
It looks an awful lot like what you wrote.
Flying Solo (TB?) - thanks for the heads up. I contacted these folks and hope that they remove the content. I love bloggers linking to me, but sploggers are another story.
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