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Sammamish Real Estate & Housing Market Update

As of May 14, 2012, there are currently 476 residential homes for sale, at an average price of $689,215.  We have seen an increase in housing inventory, but a slight downward tick in home prices since the last report, but home buyer activity seems to be strong.  In addition, there are 46 short sale homes at an average price of $428,256, with an additional 12 bank owned homes at an average selling price of $327,683.  While the number of bank owned and short sale homes in Sammamish is virtually unchanged, the average bank owmed home list price has show a slight downward move.

Next, we find there is now 11 Sammamish homes for sale in the Vintage neighborhood at an average selling price of $559,363.  Lastly, there have been 36 new homes came on the market in Sammamish in the last 7 days, and 213 sold homes in the last three months.  To see all the newly listed real estate in Sammamish Click Here

The latest housing numbers for Sammamish are showing some positive signals towards price stabilization, however there is definitely a swing towards a lack of housing inventory avaialable to satisfy the number of home buyers currently looking for new homes.  With rates at or near historic lows, it is a great opportunity 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, even though the market is heating up as houses still need to appraise.  Home sellers 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.

The Cascade Team Real Estate

Full Service Real Estate with 1% Listing Fees!!

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