Issaquah Undressed

Real Estate Report On Issaquah Homes And Condos: Sold or for Sale

How has the real estate market in Issaquah been for sellers? From January 1 through February 28th, 88 homes and 66 condominiums have been sold.

Single Family Residence Info for your review:
Those that sold in 30 days or less (30 homes sold for an average of 100.07 percent of the listing price). There was no fire sale on the balance, even to the 19 that had been on the market for over 120 days. They garnered an average of 99.66 percent of the list price.

There is no bubble in Issaquah. You probably already knew that.

The most expensive sale in those two months was $1,580,000. It sold for full price and was on the market 501 days.

Homes with an average sales price of $666.950 were on the market an averageo 58 days and those with an average price of $704,064 were on the market a little longer, 78 days. The 78 days is also the average day on market for homes in Issaquah.
To buy up the market (all of the homes) would have cost you $61,564,861 plus closing and financing costs. Hey, a little humor helps doesn’t it?

Only 9 homes sold were under $450,000. Eight homes were over 1 million.

Now for some Condominium information:

There were 66 condo’s sold in the same two month period. One sold for $152,500 and was on the market 16 days. Three more sold under $200,000 and were on the market between 30 and 61 days. The average day on market for condominiums in Issaquah was 52 days.

The average sales price for sold Issaquah Condominiums was $345,547 and the median $322,500. The most expensive condo sold for $1,725,000. Do you know where that one might be? I do. Of course you would you say. Of course.

So what is the inventory for sale picture?

Homes: 173 for sale. Average price: $993,574 and average days on market of 76. Your dream home may be one of these, a 30,000 square footer for 20 million. This home has been on the market 302 days and kind of torches the averages.

Condominiums: There are 137 condo’s for sale. Of those 57 are under $300,000 with an average days on market of 11. Guess what? We just spotted the hot part of the Issaquah real estate market. Condo’s in this price range.

Asking questions is OK. If you want to track a neigborhood’s stats you are welcome to subscribe to our fabulous tool. Click Here: There is no charge and there is no pressure to use me, so be sure and take advantage of it. For a previous article on this search tool by neighborhood see an older post we did on Feb 9 click this address. http://www.issaquahundressed.com/2007/02/09/so-you-have-decided-you-want-to-live-in-issaquah-whats-next/.

It is also important to note there is much going on in the mortgage world. You might want to visit MortgagesUndressed.com and go have some fun reading on RealEstateUndressed.com Larry Cragun