Homes In Sammamish - A Real Estate Market Update

Posted by The Cascade Team Real Estate on Monday, July 11th, 2011 at 10:38am

As of July 11th, 2001, there are currently 249 active listings in the city of Sammamish priced higher than $430,000.  These currently active homes for sale have an average price of $775,474, and an average days on market of 114.  When looking at the sold homes over the last two weeks, the average sold price in Sammamish was $851,530, at 119 days on market; however this average selling price was elevated by a couple of expensive homes.  These home sellers closed these homes at an average of 96.97% of their asking price when the offer came in. 

However, if you remove the expensive properties and just focus on homes between $430K and 1 Million, there were a total of 21 closed homes in the last two weeks; averaging 106 days on market, with an average home selling price of $601,324.  Based on current inventory levels, the market appears to still be in the buyers favor, but at an average of 76 days to an accepted offer (with another 30 days to close for a total of 106 days), we may start to see a little stabilization in pricing.  With rates at or near historic lows, it is a great opportunty for any home buyers looking to enter the Sammamish real estate market.

For those people who are interested in the Vintage area, there are currently 11 active listings at an average price of $555,229.  There was one sold home in Vintage in the last two weeks which closed at $550,000. 

Feel free to contact us for more information on homes for sale in Sammamish.

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