Quarter 4 of 2021


Market analytics that matter to you

Inform your decision to sell your home with current real estate trends.

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17%

Change in Transaction Volume

For listings sold in Q2 '22 vs. Q1 '22Percentage increase or decrease in the volume of sold transactions compared to the previous quarter for this ZIP code

10%

Change in Median Price

For listings sold in Q2 '22 vs. Q1 '22Percentage increase or decrease in the median price of sold transactions compared to the previous quarter for this ZIP code

9%

Change in Median PPSF

For listings sold in Q2 '22 vs. Q1 '22Percentage increase or decrease in the median price per square foot for sold transactions over the previous quarter for this ZIP code

51

Median Days on Market

For listings sold in Q2 '22Median number of days from when a property was first listed until it went into contract compared to the previous quarter for this ZIP code

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Sammamish/Highlands Market Review 2022

When is the best time to sell in 2022?

While there will always be variables such as quality of upgrades, location, and market conditions such as lack of inventory we are facing a unique situation in 2022.

1) Interest rates are predicted to increase to 3.7 to 3.7% possible by as early as June.

2) Conforming loans also received a huge increase from the 2021 cap of $776,250 up to $891,250. That’s an increase of $115,000 and adds much more buying power early before the interest rate increases.

3) We are also faced with historically low inventory. In fact, inventory has dropped 90% in the past 10 years, and we currently only have a little over 4,000 homes for sale in all of Western Washington with a population of 5.5 million people. Additionally, we are projected to add upwards of 200,000 more people per year for the next 10 years.

All of this creates a perfect storm for listing early in 2022.

Frustrated buyers with pent up demand seeing projections of homes increasing another 18 to 20% for 2022.
Increased buying power of $115,000 for conforming loan limits.
Pressure to buy NOW while rates remain closer to 3%.

 

Projections are homes listed by March and closing in April will see the maximum number of bidding wars and escalating prices.

In December 2021, Sammamish home prices were up 60.0% compared to last year, selling for a median price of $1.9M. On average, homes in Sammamish sell after 5 days on the market compared to 7 days last year. There were 48 homes sold in December this year, down from 102 last year.

Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 9% above list price and go pending in around 5 days.

 

So let’s break down the neighborhoods:

Trossachs

Least expensive Home Sold in Trossachs: $1,295,000 located at 26592 SE 15th St. This was a smaller home in Trossachs at 2,830 sq ft and closed in early March for $457.60 price per sq ft.

Most Expensive Home Sold in Trossachs: $3,050,000 located at 1004 269th Ave SE. The High price for 2020 was $1,700,000… That is an 80% increase in the top value for $1,350,000 more than the year before.

Trossachs Residential Breakdown:

There were 59 Homes sold in Trossachs for 2021
Average Price per Sq Ft was $511.30 (Up from $380.28 at the end of 2020)
Highest Price Per Sq Ft (Buchan 1765 272nd Place SE $671.55)
Days on Market: 5 (2020 Days on Market was 50!)
Median Price Sold in 2021 was $1,776,708 Up $496,708 from $1,280,000 in 2020
The average home received 110.28% of Asking Price · Average Size: 3,496


Klahanie

Least expensive Home Sold in Klahanie: $ 860,000 located at 4328 252nd Place SE. This was a smaller home in Klahanie at 1,500 sq ft and closed July 21st for $573.33 price per sq ft.

Most Expensive Home Sold in Klahanie: $ 1,758,000 located at 24448 SE 42nd Place. The High price for 2020 was $ 1,220,005 That is an 69.4% increase in the top value for $537,995 more than the year before.

Klahanie Residential Breakdown:

There were 106 Homes sold in Klahanie for 2021
Average Price per Sq Ft was $574.44 (Up from $416.83 at the end of 2020)
Highest Price Per Sq Ft (3613 257th Ave SE $713.62)
Day on Market: 5
Median Price Sold in 2021 was $ 1,189,250 Up $299,250 from $ 890,000 in 2020 Q4
The average home received 117.98% of Asking Price · Average Size: 2,097

Klahanie end of 2020

PPSF = $416.83
19 Homes Sold
Days on Market 5
Median Price Sold $890,000
104.23% of Asking Price
Average Size: 2,257

Klahanie in 2021

PPSF = $574.44
106 Homes Sold
Day on Market 5
Median Price Sold $1,189,250
117.98% of Asking Price
Average Size: 2,097

Klahanie Condo 

Most Expensive Condo: Kenloch Townhouse 4100 244th Lane SE #36, Sammamish Listed at $688,000 sold in 4 Days for $760,000 Sold in September

Least Expensive Condo sold in Klahanie: Sold in March of 2021 25235 SE Klahanie Blvd #C104 Sundance = Listed for $300k and took 93 days to sell for $290,000 or 96.67% of asking.

Klahanie Condo Q4

PPSF = $385.35
20 Homes Sold
Days on Market: 26
Median Price Sold $507,250
98.98% of Asking Price
Average Size: 1,246

Klahanie Condo 2021
PPSF = $441.75
47 Homes Sold
Day on Market: 12
Median Price Sold $480,000
05.49% of Asking Price
Average Size: 1,162

Klahanie Condo Community Stats

Audubon Ridge
PPSF= $575.24
12 Homes Sold
Days On Market 4
Median Price Sold $1,155,000
117.45% of Asking Price
Average Size 2,090

Fairfield Green
PPSF= $475.25
2 Homes Sold
Days On Market 5
Median Price Sold $614,500
108.8% of Asking Price
Average Size 1,293

Lake Ridge
PPSF= $581.45
2 Homes Sold
Days On Market 4
Median Price Sold $1,255,000
124.81% of Asking Price
Average Size 2,155

Sky Landing
PPSF= $458.02
5 Homes Sold
Days On Market 5
Median Price Sold $600,000
111.0% of Asking Price
Average Size 1.336

Sundance
PPSF= $437.26
11 Homes Sold
Days On Market 13
Median Price Sold $425,000
103.64% of Asking Price
Average Size 939

The Village
PPSF= $605.39
2 Homes Sold
Days On Market 5
Median Price Sold $1,054,784
112.04% of Asking Price
Average Size 1,745

Barclay Square
PPSF = $408.57
6 Homes Sold
Day on Market 44
Median Price Sold $548,500
103.56% of Asking Price
Average Size: 1,360

Kenloch
PPSF= $475.61
3 Homes Sold
Days On Market 6
Median Price Sold $755,000
109.95% of Asking Price
Average Size 1,574

Sierra
PPSF= $449.99
6 Homes Sold
Days On Market 5
Median Price Sold $513,000
104.54% of Asking Price
Average Size 1,265

Summit
PPSF= $631.31
5 Homes Sold
Days On Market 6
Median Price Sold $1,076,000
112.64% of Asking Price
Average Size 1,650

Tanglewood
PPSF= $423.77
8 Homes Sold
Days On Market 5
Median Price Sold $405,750
103.60% of Asking Price
Average Size 940

 


Issaquah Highlands

Issaquah Highlands breakdown Q1

PPSF = $470.27
14 Homes Sold
Days on Market: 13
Median Price Sold $882,500
107.75% of Asking Price
Average Size: 2,229

Issaquah Highlands breakdown Q4

PPSF = $599.22
37 Homes Sold
Days on Market: 7
Median Price Sold $1,600,000
108.02% of Asking Price
Average Size: 2,599

Least Expensive Home Sold in Issaquah Highlands: 1719 9th Place NE. This was a smaller home in the highlands at 850 sq ft and closed December 11th for $558.82 price per sq ft.

Most Expensive Home Sold in Issaquah Highlands: $ 4,940,000located at 27126 SE Grand Ridge Dr. The High price for 2020 was $ 3,750,000That is an 185% increase in the top value for $1,190,000 more than the year before.

 

Aldarra

Aldarra 2020

PPSF = $323.58
Highest Price Per Sq Ft ( 1923 298th Crescent SE Closed in November for $385.44 per sq ft)
17 Homes Sold
Days on Market: 19
Median Price Sold $1,263,000
99,17% of Asking Price
Average Size: 4,107

Aldarra 2021

PPSF = $462.46
Highest Price Per Sq Ft (2067 298th Crescent SE closed for $553.46 per sq ft)
25 Homes Sold
Days on Market: 5
Median Price Sold $$2,085,000
110.68% of Asking Price
Average Size: 4,355


Beaver Lake

Beaver Lake 2020

With a wide array of homes built from the 1960’s to present and a vast array of builders it’s hard to make an accurate generalization on Beaver Lake.

The lowest price was a 2005 1786 sq ft home listed for $669,000 and closing for $755,000 in April

The Most expensive home was on Beaver Lake Proper with a pool: Built in 1989 and closing in October of 2020 this 4,350 sq ft home went for $655.17 per sq ft and closed at $2,850,000

Beaver Lake 2021

With a wide array of homes built from the 1960’s to present and a vast array of builders it’s hard to make an accurate generalization on Beaver Lake.

The lowest price was a 1970 1710 sq ft home listed for $725,000 and closing for $715,000 in April

The Most expensive home was expertly updated from the ground up and was on Beaver Lake Proper:

Built in 1959 and closing in May of 2021 this 4,260 sq ft home went for $717.14 per sq ft and closed at $3,055,000

 


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*Traditionally Brokerages charge a total of 6% to sell your home. 3% Listing Fee and 3% Selling Fee. With The Cascade Team, we only charge a Total 4% Listing Fee Saving YOU thousands!. Commissions vary by area and price point, so contact your Cascade Team agent or local office for more information.

 

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