Sammamish Real Estate - A Housing Market Update

Posted by The Cascade Team Real Estate on Sunday, February 12th, 2012 at 3:09pm

As of February 12, 2012, there are currently 330 residential homes for sale, at an average price of $696,539.  We have seen a slight reduction in inventory and an uptick in homes prices since the last report, which is a positive sign for Sammamish real estate moving through the first quarter of 2012.  In addition, there are 41 short sale homes at an average price of $517,954, with an additional 12 bank owned homes at an average selling price of $399,616.  While the number of bank owned and short sale homes in Sammamish is virtually unchanged, the average list price has shown an uptick as well.

Next, we find there are still only 9 Sammamish homes for sale in the Vintage area.  These residential Vintage homes have an average price of $601,055; a very minor reduction over the last report.  Lastly, there have been 29 new homes came on the marekt in Sammamish in the last 7 days.  To see all the newly listed real estate in Sammamish Click Here

The latest housing numbers for Sammamish are showing some positive signals toward pricing stabilization, but we are still operating in a home buyers market.  With rates at or near historic lows, it is a great opportunty for any home buyer looking to purchase a home in Sammamish.  Any home seller wanting to sell in today's market needs to price correctly, or they could be on the market for a longer than normal period of time.  Homesellers need to remember they are in beauty contest and a price war at the same time, and the house that shows the best and is priced right will sell relatively fast.

If you would like more information on Sammamish homes for sale, or would like to speak with one of our local Sammamish real estate agents, please contact us.

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