Thursday, April 17, 2008

Leavenworth Home Inspections - Common Conditions

Leavenworth Home Inspections - Common Conditions Part I

By John Griffith, Cascade Site Services, Cashmere WA

The conditions described below are not in any particular order as far as significance or commonality. Leavenworth does have a large number of older homes, built in the early 1900's, and many of these conditions are typical of older construction. Also, with the climate of Leavenworth being cooler, with higher precipitation than areas farther East, issues that involve drainage, ventilation and soil contact with wood take on heightened significance.

1) Poor exterior drainage: Since water or moisture related issues consistently result in more structural damage to homes than any other cause, water and/or moisture management is always the number one thing to be aware of. Water itself causes direct damage to homes in the form of settled foundations, cracked concrete patios and deteriorated wood siding. In addition, most secondary issues such as mold, wood rot and insect infestations are created by poor water management.

Common causes of poor exterior drainage include inadequate gutters, missing downspout extensions, ground that slopes toward the home and vents or windows below exterior grade.

2) Deteriorated exterior siding: Water management plays a big role here as well. Exterior siding must be maintained to prevent water from entering directly into or behind the siding. There are many different exterior siding materials in use, but regardless of which material is present, it must be protected from water intrusion. Composite wood siding is extremely vulnerable to moisture intrusion. Even the older cedar plank and newer, cement based “Hardi board” must be installed correctly and sealed properly to prevent water damage to the siding material.

Preventative maintenance such as painting, filling cracks and gaps, and sealing open nail holes goes a long ways in avoiding siding damage.

For more information on types of exterior siding, go to http://www.sidinghelper.com/

3) Inadequate ventilation in the crawl space: Adequate ventilation in the crawl space is essential in preventing water/moisture damage. Molds, wood rot and even termite infestations can be prevented by maintaining adequate airflow throughout the crawl space. These organisms require moisture to thrive and keeping the crawl space cool and dry with proper ventilation is vital. As insulation has been added to older homes to improve energy efficiency, ventilation requirements have increased to prevent moisture buildup. Adding additional crawl space venting is a typical recommendation in older homes.

4) Inadequate ventilation in the attic: Just as the crawl space below a home needs adequate airflow, so does the attic spaces. In addition to preventing the same types of moisture issues found in crawl spaces, there are other reasons for maintaining ventilation in attics. One is prolonging the life of the roofing material. The useful life span of composition shingles and cedar shake or shingle roofing materials can be significantly shortened when subjected to prolonged high attic temperatures. Also, the formation of ice dams on the eaves of older homes is directly related to poor attic ventilation. Just as in the crawl space, increasing attic ventilation is a common recommendation in older homes.

5) Inadequate deck installation: This is one, of a few, very serious issues that can arise during a home inspection, due to the fact that a catastrophic deck failure can have fatal consequences. It is essential that all decks, and especially elevated decks, be installed correctly. Elevated decks should be installed by qualified, licensed contractors, and even then may have shortcomings, since there are different ways to install decks. Critical areas are the physical attachment to the exterior, provisions for water/moisture management at the exterior attachment, adequacy of fasteners/hardware and proper support from below the deck.

For more information on building a safe deck, go to http://www.thisoldhouse.com/ and search “Building a deck”.

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Thanks so much to John Griffith of Cascade Site Services, a Certified Home Inspector and Licensed Pest Inspector in the Leavenworth and Lake Wenatchee area.

This is Part I of a series. When we have posted Part II you will be able to click here to learn more about Leavenworth Home Inspection Issues.

Monday, April 07, 2008

Leavenworth Condo Report

Prices for Leavenworth Condos have continued their upward trend in prices despite a glut of new construction condos on the market.

This report is for the first quarter of 2008 and includes Kahler Glen condos as well as Leavenworth projects like Aspen Suites at Icicle Junction, RiverPark Homes in Leavenworth, Alpine Village, SkiView Condos on Titus Road, and The Boulders on Alpensee Strasse.

First quarter sales volume has been fairly consistent the past few years. This year 5 condos sold in the first 3 months, with 3 selling in 2007, 4 in 2006 and 2 in 2005.
The big news which has been mentioned here before is the number of new condos on the market in Leavenworth. 59 units were active on the MLS during the 1st quarter, despite Aspen Suites removing their condos from the MLS.
Prices continue to march upward. In 2005, the average condo was $121,000 and now it has risen to $284,000. Median prices have risen as well to $300,000 for 2008.
As of April 6, there are currently 51 condominiums available on the MLS at an average asking price of $420,000.
I expect that condos zoned for commercial use (and vacation rentals) will continue to sell well, especially those closest in price to the median sales price. Condominiums priced between $250,000 and $350,000 will remain popular, while others may continue to sit.
Other Leavenworth Real Estate Articles and Information
Click Here to read my report on Leavenworth Home Prices
Click Here to find the Value of your Leavenworth Condo
Looking to buy a Luxury Condo in Leavenworth ?

Leavenworth Real Estate Stats for Q1 2008

Leavenworth real estate prices for both houses and condos have continued their upward trend in the first quarter of 2008. This includes the area from Peshastin to Stevens Pass including Lake Wenatchee, Fish Lake and Plain.

In the past, I have focused on comparing year to year trends, but this quarter I decided to compare 2008 to the past few years.

As you can see, home prices (both average and median) were a bit down in Q1 of 2007, but have rebounded in 2008. We have seen average home prices (for single family stick built homes) go from an average of $251,000 in 2005 to $420,000 - a 67% increase!
Inventory of single family homes went up 8% from last year to 131 active listings, but new listings were down considerably (31%). I think the national news is convincing some folks to hold off on selling their home if they don't really need to right now.
The number of houses that sold during the first quarter is up from 20 to 24 (a 20% increase), but down from 25 in 2006 and 32 in 2005.
As of April 6, there are 80 homes for sale in the Leavenworth area at an average price of $589,000.
Click Here for the latest Leavenworth Condominium Statistics
Click Here to find your Leavenworth Home's Value

Sunday, April 06, 2008

Leavenworth Real Estate Agent Nominated for Tech Savvy Business of the Year

On Tuesday April 8, the Greater Wenatchee Area Technology Alliance is holding their annual Innovators Awards Luncheon in Wenatchee. They will be giving awards for the Entrepreneur of the Year and for the Tech Savvy Business of the Year.

I am honored to be one of five local businesses nominated this year for the Tech Savvy Business of the Year. No real estate agent has yet to win this award and I am excited to be recognized for the hard work I have put into becoming a leader in the field.

The keynote speaker for the luncheon will be Dr. Lee Cheatham, the Executive Director of the Washington Technology Center.

Past Award Winners for the Tech Savvy Business of the Year include Roger Erlandsen of Erlandsen Inc, Jerry Isenhart of http://www.golakechelan.com/, Lorne Browne of Lovitt Cider, and Bernie Schell of PakIt Rite.