Issaquah Real Estate Report For June – Homes
The sudden drop in residential home sales to the low number of 63 we saw in May was not a blip. June numbers picked up so very slightly: 77 The average days on market: dropped to 59 from 67
To me, this implies sellers must do everything right to move their home quickly and at top dollar. This is a reference to staging their home, pricing it right (price to the market competition), listing with an agent that knows how to market your home on the internet, and an agent that will hold open houses more than occasionally.
June Issaquah Home Sales:
Over 1.3 million: 2: $1,314000 and $1,378,950 both on the market for over 200 days. (240 & 201)
1,000,001: to 1.3 million: 8 that were on market an average of 114 days.
$700,001 to $800,000: 4 that were on market an average of 50 days.
$600,001 to 700,000: 12 that were on market an average of 49 days.
$500,001 t0 600,000 23 that were on market an average of 28 days.
$400,001 to 500,000: 12 that were on market an average of 55 days.
Under $400,000: 7 that were on market an average of 48 days.
The hottest segment is the $500,000 to $600,000 price range. The higher end is slowest.
The least expensive home was a 540 Sq. ft. cabin at $259.750. ($25,200 under its asking price). Next was a $325,000 sale: an older mobile home on 1.9 acres (Tiger Mountain).
There are currently 307 homes on the market in Issaquah:
43 are over 1.3 million in price and 28 are between 1 and 1.3 million. The rest break out as follows:
Next week I will post the condo report: Larry Cragun
