Found 2 blog entries tagged as Sammamish Real Estate News.

The flaming-hot housing market has seen median home prices soar an unprecedented 24% since the outbreak of the virus last year. But in recent weeks, that fire has lost some of its heat as buyers finally start to push back at sky-high prices. Simply put: The housing market is slowing a bit.

Already, a growing list of doomsayers point to the shifting market as taking us one step closer to a bursting housing bubble. In their minds, housing went up too fast and now must come back down.

But what does the data say? When you look under the hood, the run-up to 2008 housing bubble and the hot 2021 housing market are very different bull markets. While there are several reasons why our latest frenzy won’t result in a bust, there’s one reason in particular…

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There are only a few ways to get off the Sammamish Plateau, and the city is about to close one of them for the rest of the year.

Sammamish Senior Project engineer Sam Park said construction got underway in August as the contractor started widening the two-lane road. It just can’t handle the 24,000 vehicles a day that use it, and this was promised to Klahanie residents when the area was annexed.

“We’re widening the road from two lanes to four lanes, and we’re improving the intersections from signalized intersections to roundabouts,” Park said. “There are going to be three roundabouts, and we’re removing a sag in the roadway by building a bridge.”

It is that bridge work that is going to cause the closure of this route that connects the…

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