Wondering if the 2019 housing market will be strong? Well, there is some exciting news for homes sales in Washington State. According to the National Association of Realtors, pending homes sales have rebounded strongly in January. The Pending Home Sale Index shows sales have increased 4.6 percent to 103.2 in January, up from 98.7 in December. “Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.” (NAR. Realtor)
Income is rising faster than home prices in many areas and mortgage rates look to remain steady. Furthermore, job creation will help lift home buying.”
On a local front, according to Zillow, the median home value in 2019 for Leavenworth, WA is $421,800. Leavenworth home values have raised 12.4% over the past year, and it is predicted to rise another 3.3% within the next year. (Good news for our sellers!) The median list price per square foot in Leavenworth WA is $315, making it $77 higher than the Wenatchee Metropolitan average.
Leavenworth has grown exponentially over the past decade, bringing in over 2 million tourists to the beautiful Bavarian inspired town tucked in middle of the Cascade Mountains. Residents and tourists alike enjoy hiking, rafting, fishing, mountain biking, climbing, wine tasting, skiing, and much more. Leavenworth is the perfect destination town, just 2 hours east of Seattle for visitors or anyone looking to escape the business of the city and enjoy a slower pace of living. Home sales and the number of full time residence has increased due to the desirability of all that Leavenworth has to offer.
We believe Real Estate investments are so important because they have the potential to provide a future income stream and can also offer several advantages compared to other types of investments. If chosen carefully, real estate investments can yield higher returns, stability, diversification and inflation hedging. Historically in real estate, your risk of loss is minimized by the length of time you hold on to your property. When the market improves (which we have seen over time), the value of your home also goes up in value. Real estate investments in the Leavenworth area have proven to provide quality results to home buyers in our area. Here are some of the top reasons we believe investing in real estate is important:
- Real estate has high tangible asset value
- Real estate values continue to increase over time
- An investment in real estate can diversify your portfolio
- Real estate investing can come with a number of tax benefits
2019 is going to be another great year for investment opportunities. Leavenworth would be a great place to start 🙂